Duplex with Off-Street
For Sale
$345,000
543 N 7th St, Allentown, PA 18102
Fully leased two-unit property with separate rear parking and utility costs paid by occupants.
Property Size1,539 SF
Price / SF$224.17
Days on Market51
Property Features for 543 N 7th St
General Information
Standard status
Active
Size
1,539 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$28,980
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
Full CircleRealty&PropertyMgmt
(610) 762-8995
Listed By:
Kristine McCreary-Williams
Source:
Poconohomessearch
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 28 at 12:23PM
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 1,539-square-foot duplex was built in 1890 and contains two residential units. Both units are occupied under long-term leases, with residents responsible for electric, gas, trash, and other utilities. Each unit has access to off-street parking at the rear of the property.
The property is within walking distance of PPL Center and a short drive from Lehigh Valley Mall and Route 22. Its two-unit configuration, existing occupancy, and separate parking provide a straightforward multifamily format for continued residential leasing.
The property is within walking distance of PPL Center and a short drive from Lehigh Valley Mall and Route 22. Its two-unit configuration, existing occupancy, and separate parking provide a straightforward multifamily format for continued residential leasing.
Key Highlights
- Two‑unit duplex with 1,539 square feet
- Both units fully occupied with long‑term leases
- Rear off‑street parking available for each tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,143
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,860
$322.9K
Cap Rate 7%
$230,614
$230.6K
Cap Rate 9%
$179,367
$179.4K
Market Conditions
NOI Build-Up for 1,539 SF
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.
Gross rent
$24.9K $16.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$23.1K $14.99/SF
− OpEx
−$6.9K −$4.50/SF
NOI
$16.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,860
Cap Rate 7%
$230,614
Cap Rate 9%
$179,367
Alternative Uses
Best Use
Multifamily LT 5
$230.6K
$201.8K – $269.1K
NOI $16,143 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$202.9K
$177.5K – $236.7K
NOI $14,200 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$302.3K
$264.6K – $352.7K
NOI $21,164 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,473
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with separate rear parking and utility costs paid by occupants.
Where is this duplex located?
The property is located at 543 N 7th St Allentown, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,539 square feet; Both units fully occupied with long‑term leases; Rear off‑street parking available for each tenant
