500 504 W Gordon Street Allentown, PA 18102
COMMERCIAL - Allentown City, PA
- Added:
- May 28, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 14 at 6:06 am
Property Features for 500 504 W Gordon Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-MH
- Standard status
- Active
- APN
- 640712277558-1
- Size
- 4,220 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5886
Utilities
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
Listing agent Anthony Ramos (610) 866-4423
Listing office Century 21 Ramos Realty 230 E 4th Street, Bethlehem, PA (610) 866-4423
Listing date May 28, 2026
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is situated on a corner with strong street presence. Convenient access to major routes is noted, and the property is described as within walking distance to a hospital and local amenities.
For tenants, the restaurant space is designed to support food service operations on-site, while the on-building apartments offer an immediate residential component for flexible leasing. For buyers or operators, the combination of a functioning ground-floor restaurant and two separate living units, along with separately metered utilities and basement storage, creates a practical setup for managing multiple income streams from one asset.
Key Highlights
- Prime corner location with high visibility and convenient access.
- Established pizzeria/restaurant provides immediate income stream.
- Mixed‑use property offers diversified income from commercial and residential tenants.
Local 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 | $68.4k | $16.20 |
| − Vacancy | −$5.1k | −$1.22 |
| EGI | $63.2k | $14.99 |
| − OpEx | −$19.0k | −$4.50 |
| NOI | $44.3k | $10.49 |
