Two-Unit Duplex with
For Sale
$340,000
Pending
535 West Tilghman Street, Allentown, PA 18102
Two residential units include covered off-street parking and separate bedroom configurations.
Property Size2,660 SF
Days on Market66
Property Features for 535 West Tilghman Street
General Information
Standard status
Pending
Size
2,660 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR, 1 x 4BR
Multifamily Units
2
Additional Details
Gross Income
$39,540
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,799
Building Details
Building Size
2,660 SF
Year Built
1900
Listing Agency:
Full CircleRealty&PropertyMgmt
Listed By:
Kristine McCreary-Williams
(610) 762-8995
Source:
Bhhspaulfordrealtors
Added: Aug 11
Changed: Oct 6
Last Checked: Oct 13 at 12:58AM
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 Full CircleRealty&PropertyMgmt
Investment Insights
Based on property information with market context.
This 2,660-square-foot duplex contains two residential units. The first-floor apartment has two bedrooms, while the second-floor unit offers four bedrooms. A one-car garage provides covered, off-street parking associated with the first-floor residence.
Located at 535 W Tilghman St in Allentown, PA, the property offers tenant access to major highways, shopping, and restaurants. Tenants pay for trash, electric, and gas, supporting a clearly defined utility arrangement for the residences.
Located at 535 W Tilghman St in Allentown, PA, the property offers tenant access to major highways, shopping, and restaurants. Tenants pay for trash, electric, and gas, supporting a clearly defined utility arrangement for the residences.
Key Highlights
- 2,660‑square‑foot duplex with two residential units
- First‑floor unit has 2 bedrooms
- Second‑floor unit has 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,902
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,040
$558.0K
Cap Rate 7%
$398,600
$398.6K
Cap Rate 9%
$310,022
$310.0K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$43.1K $16.20/SF
− Vacancy
−$3.2K −$1.22/SF
EGI
$39.9K $14.99/SF
− OpEx
−$12.0K −$4.50/SF
NOI
$27.9K $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%
$558,040
Cap Rate 7%
$398,600
Cap Rate 9%
$310,022
Alternative Uses
Best Use
Multifamily LT 5
$398.6K
$348.8K – $465.0K
NOI $27,902 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$350.6K
$306.8K – $409.1K
NOI $24,543 @ 7.0% cap · market cap 7.22%
Theoretical Best
Specialty Retail
$522.6K
$457.3K – $609.7K
NOI $36,580 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,701
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include covered off-street parking and separate bedroom configurations.
Where is this duplex located?
The property is located at 535 West Tilghman Street Allentown, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2,660‑square‑foot duplex with two residential units; First‑floor unit has 2 bedrooms; Second‑floor unit has 4 bedrooms
