Updated 3-Unit
537 Liberty Street 3, Allentown, PA 18102
For Sale
New
$434,999
All three apartments have updated interiors and electric systems, with occupants responsible for their utility payments.
Property Size2,584 SF
Price / SF$168.34
Days on Market3
Property Features for 537 Liberty Street 3
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
true
3
4
Assessor
Public
1925
17.5 X 110
0.044
Public Records
Off Street,Parking Pad,On Street
Building Details
Year Built
Buildings
Stories
Listing Agency:
(570) 600-6561
Listed By:
Sunshine London
Source:
Smartwayamerica
Added: Nov 8
Last Checked: Nov 9 at 9:03AM
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 Sunshine London
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Investment Insights
Based on property information with market context.
This Allentown triplex contains 2,584 square feet across three apartments: one with two bedrooms and two with one bedroom each. The interiors have been updated, and the building has been rewired. Electric systems serve all three units, with occupants paying utilities directly. A certificate of occupancy from the City of Allentown is in place. The property is zoned R-MH and includes three off-street parking spaces, with additional on-street parking options.
The property is at 537 Liberty Street in Allentown City. Nearby destinations include the Da Vinci Science Center, PPL Center, Archer Music Hall, and the Moxy Hotel; local shops, restaurants, parks, and major transportation routes are also in the surrounding area.
The property is at 537 Liberty Street in Allentown City. Nearby destinations include the Da Vinci Science Center, PPL Center, Archer Music Hall, and the Moxy Hotel; local shops, restaurants, parks, and major transportation routes are also in the surrounding area.
Key Highlights
- Three apartments: one 2‑bedroom unit and two 1‑bedroom units
- 2,584 square feet; R‑MH zoning
- Updated interiors and complete rewiring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,105
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,100
$542.1K
Cap Rate 7%
$387,214
$387.2K
Cap Rate 9%
$301,167
$301.2K
Market Conditions
NOI Build-Up for 2,584 SF
Gross rent
$41.9K $16.20/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$38.7K $14.99/SF
− OpEx
−$11.6K −$4.50/SF
NOI
$27.1K $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%
$542,100
Cap Rate 7%
$387,214
Cap Rate 9%
$301,167
Alternative Uses
Best Use
Multifamily LT 5
$387.2K
$338.8K – $451.8K
NOI $27,105 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$340.6K
$298.0K – $397.4K
NOI $23,842 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$507.6K
$444.2K – $592.3K
NOI $35,535 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,610
Businesses Nearby
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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
$146,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Allentown, PA
Properties on Market for Triplexes in Allentown
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments have updated interiors and electric systems, with occupants responsible for their utility payments.
Where is this triplex located?
The property is located at 537 Liberty Street 3 Allentown, PA.
What is the asking price?
The asking price for this property is $434,999.
What are key features of this property?
This property features: Three apartments: one 2‑bedroom unit and two 1‑bedroom units; 2,584 square feet; R‑MH zoning; Updated interiors and complete rewiring
