Mixed-Use Building with
For Sale
$815,000
449 N 10th Street #449, Allentown, PA 18102
Commercial zoning and a corner storefront complement three updated apartments above.
Property Size4,807 SF
Price / SF$169.54
Days on Market107
Property Features for 449 N 10th Street #449
General Information
Standard status
Active
Size
4,807 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,911
Amenities
modern kitchens
remodeled bathrooms
luxury vinyl plank flooring
vinyl replacement windows
Building Details
Building Size
4,807 SF
Year Built
1885
Buildings
1
Stories
3
Listing Agency:
Coldwell Banker Hearthside - Bethlehem
(610) 936-9953
Listed By:
Heather Schierloh · License #RS353453
(570) 977-0770
Source:
Amantearealestate
Added: Jul 20
Changed: Nov 2
Last Checked: Nov 3 at 5:57AM
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 Coldwell Banker Hearthside - Bethlehem
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Investment Insights
Based on property information with market context.
A renovated mixed-use property combines a street-level commercial storefront with three residential rental units on the upper floors. The apartments comprise one one-bedroom unit and two two-bedroom units. Interior and exterior renovations have been completed, and the building retains its original 1885 construction date. The property measures 4,807 square feet and has public water, public sewer, and natural gas service.
Located in Downtown Allentown, the building is near major highways, shopping, and restaurants. Its corner position provides storefront exposure, and the zoning is Commercial.
Located in Downtown Allentown, the building is near major highways, shopping, and restaurants. Its corner position provides storefront exposure, and the zoning is Commercial.
Key Highlights
- 4,807‑square‑foot mixed‑use property with a commercial storefront
- Three apartments: one 1‑bedroom unit and two 2‑bedroom units
- Interior and exterior renovations completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,207
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,140
$1.2M
Cap Rate 7%
$845,814
$845.8K
Cap Rate 9%
$657,856
$657.9K
Market Conditions
NOI Build-Up for 4,807 SF
Gross rent
$89.4K $18.60/SF
− Vacancy
−$4.8K −$1.00/SF
EGI
$84.6K $17.60/SF
− OpEx
−$25.4K −$5.28/SF
NOI
$59.2K $12.32/SF
Area
Allentown, PA
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,140
Cap Rate 7%
$845,814
Cap Rate 9%
$657,856
Alternative Uses
Best Use
Retail
$845.8K
$740.1K – $986.8K
NOI $59,207 @ 7.0% cap · market cap 7.26%
Second Best
Mixed Use
$670.6K
$586.8K – $782.3K
NOI $46,940 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$944.4K
$826.3K – $1.10M
NOI $66,106 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,777
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning and a corner storefront complement three updated apartments above.
Where is this mixed-use property located?
The property is located at 449 N 10th Street #449 Allentown, PA.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 4,807‑square‑foot mixed‑use property with a commercial storefront; Three apartments: one 1‑bedroom unit and two 2‑bedroom units; Interior and exterior renovations completed
