Two-Unit
For Sale
$530,000
500 West Gordon Street, Allentown, PA 18102
R-MH-zoned residential property with a two-unit configuration.
Property Size4,220 SF
Days on Market146
Property Features for 500 West Gordon Street
General Information
Standard status
Active
Size
4,220 SF
Property subtype
Commercial
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,886
Building Details
Building Size
4,220 SF
Year Built
1900
Listing Agency:
Century 21 Ramos Realty
Listed By:
Anthony Ramos · License #AB068035
(484) 695-4887
Source:
Bhhspaulfordrealtors
Added: Jun 2
Changed: Oct 24
Last Checked: Oct 24 at 10:49PM
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 Century 21 Ramos Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within approximately 3,620 square feet of building area. The property dates to 1900 and is classified under R-MH zoning, providing a defined residential framework for the existing configuration.
Located at 500 W Gordon St in Allentown, Pennsylvania, the property offers a compact multifamily format suited to residential income ownership. The two-unit layout keeps the asset focused and straightforward for evaluation.
Located at 500 W Gordon St in Allentown, Pennsylvania, the property offers a compact multifamily format suited to residential income ownership. The two-unit layout keeps the asset focused and straightforward for evaluation.
Key Highlights
- Two‑unit duplex configuration
- 3,620 square feet of building area
- R‑MH zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,266
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,320
$885.3K
Cap Rate 7%
$632,371
$632.4K
Cap Rate 9%
$491,844
$491.8K
Market Conditions
NOI Build-Up for 4,220 SF
Gross rent
$68.4K $16.20/SF
− Vacancy
−$5.1K −$1.22/SF
EGI
$63.2K $14.99/SF
− OpEx
−$19.0K −$4.50/SF
NOI
$44.3K $10.49/SF
Area
Allentown, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,320
Cap Rate 7%
$632,371
Cap Rate 9%
$491,844
Alternative Uses
Best Use
Multifamily LT 5
$632.4K
$553.3K – $737.8K
NOI $44,266 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$556.2K
$486.7K – $649.0K
NOI $38,937 @ 7.0% cap · market cap 7.35%
Theoretical Best
Specialty Retail
$829.0K
$725.4K – $967.2K
NOI $58,033 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,424
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?
Duplex - R-MH-zoned residential property with a two-unit configuration.
Where is this duplex located?
The property is located at 500 West Gordon Street Allentown, PA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 3,620 square feet of building area; R‑MH zoning
