Brick Four-Unit
For Sale
$447,000
437 Allen Street, Allentown, PA 18102
Three-story multifamily building with varied apartment layouts, basement and garage space, and convenient parking.
Property Size2,112 SF
Days on Market51
Property Features for 437 Allen Street
General Information
Standard status
Active
Size
2,112 SF
Total Parking Spaces
5
Property subtype
Apartment
Zoning
R-MH
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR, 2 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,629
Building Details
Building Size
2,112 SF
Year Built
1900
Buildings
1
Stories
3
Construction
all-brick
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Joshua Schoenberger
Source:
Bhhspaulfordrealtors
Added: Jun 15
Changed: Aug 4
Last Checked: Aug 4 at 5:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steel City Realty
Investment Insights
Based on property information with market context.
This all-brick multifamily property, built in 1900, contains four units across three stories. The residential layout includes one 2-bedroom apartment and two 1-bedroom apartments, along with a lower-level basement and garage area that can support additional rental use. Electric baseboard heating serves the building, and five on- and off-street parking spaces are included. R-MH zoning is in place.
Located at 437 Allen Street in Allentown City, the property sits near downtown dining, shopping, entertainment, public parks, cultural centers, employment hubs, major highways, and public transportation. Its Central Allentown setting places residents within reach of downtown amenities and regional commuting routes throughout the Lehigh Valley.
Located at 437 Allen Street in Allentown City, the property sits near downtown dining, shopping, entertainment, public parks, cultural centers, employment hubs, major highways, and public transportation. Its Central Allentown setting places residents within reach of downtown amenities and regional commuting routes throughout the Lehigh Valley.
Key Highlights
- Four‑unit property with one 2‑bedroom apartment and two 1‑bedroom apartments
- All‑brick, three‑story multifamily building built in 1900
- Lower‑level basement and garage space available for additional rental use
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $16.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $31.6k | $14.99 |
| − OpEx | −$9.5k | −$4.50 |
| NOI | $22.2k | $10.49 |
2,112 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,487 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$414.9K
$363.1K – $484.1K
NOI $29,044 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three-story multifamily building with varied apartment layouts, basement and garage space, and convenient parking.
Where is this quadplex located?
The property is located at 437 Allen Street Allentown, PA.
What is the asking price?
The asking price for this property is $447,000.
What are key features of this property?
This property features: Four‑unit property with one 2‑bedroom apartment and two 1‑bedroom apartments; All‑brick, three‑story multifamily building built in 1900; Lower‑level basement and garage space available for additional rental use
