Residential Income Portfolio of
For Sale
$1,130,000
Portfolio of 6 Homes, Allentown, PA 18109
ResidentialIncome, Allentown City, PA
Property Size7,769 SF
Lot Size0.14 Acres
Price / SF$145.45
Days on Market145
Property Features for Portfolio of 6 Homes
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resi
Bedrooms
19
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bathroom 7, Bedroom 14, Bedroom 1, Bedroom 13, Bedroom 11, Bedroom 2, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 12, Bedroom 17, Bedroom 5, Bathroom 4, Bedroom 10, Bedroom 16, Bedroom 18, Bedroom 8, Bedroom 9, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 15, Bedroom 7, Bathroom 2, Bedroom 19, Bathroom 6
Parking
8
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Head toward Brush St. Turn right onto W Gordon St. Turn left onto N Fountain St. Turn right onto Pine St. Destination will be on the left
Standard status
Active
APN
640735771342 001
Size
7,769 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
9203
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1900
Number of units
6
Building materials
Brick, VinylSiding
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Jennifer L. DeJesus · License #RM423820
(610) 217-6330
Added: Apr 11
Changed: Aug 19
Last Checked: Sep 2 at 8:06AM
MLS# 774344
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.
This portfolio is offered as a packaged deal consisting of six single-family homes in Allentown City, PA. According to the listing remarks, six of the seven homes in the overall offering are fully occupied. The property is presented under residential zoning (Resi), and interested buyers are directed to review the individual MLS listings for additional specifics about each home.
The offering is identified by a single address for the portfolio: “Portfolio of 6 Homes, Allentown City, PA 18109,” within Lehigh County. The remarks reference multiple MLS numbers tied to the component properties, providing a clear roadmap for scheduling showings and confirming unit-level details.
For investors or buyers seeking a residential income package, the key operational takeaway is the current occupancy stated in the remarks. With six homes reported as fully occupied and described as cash-flowing, this structure may appeal to those looking for a multi-home residential acquisition rather than a single property. Because each home is listed separately, buyers can evaluate each unit’s specifics while keeping the overall purchase aligned with the packaged-deal format.
The offering is identified by a single address for the portfolio: “Portfolio of 6 Homes, Allentown City, PA 18109,” within Lehigh County. The remarks reference multiple MLS numbers tied to the component properties, providing a clear roadmap for scheduling showings and confirming unit-level details.
For investors or buyers seeking a residential income package, the key operational takeaway is the current occupancy stated in the remarks. With six homes reported as fully occupied and described as cash-flowing, this structure may appeal to those looking for a multi-home residential acquisition rather than a single property. Because each home is listed separately, buyers can evaluate each unit’s specifics while keeping the overall purchase aligned with the packaged-deal format.
Key Highlights
- Packaged deal: 6 single‑family homes in Allentown
- 6 of the 7 homes are fully occupied and cash‑flowing
- Public water and public sewer
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
$71,683
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
6.34%
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%
$1,433,660
$1.4M
Cap Rate 7%
$1,024,043
$1.0M
Cap Rate 9%
$796,478
$796.5K
Market Conditions
NOI Build-Up for 7,769 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
$139.8K $18.00/SF
− Vacancy
−$9.5K −$1.22/SF
EGI
$130.3K $16.78/SF
− OpEx
−$58.6K −$7.55/SF
NOI
$71.7K $9.23/SF
Area
Allentown, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,433,660
Cap Rate 7%
$1,024,043
Cap Rate 9%
$796,478
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$896.0K – $1.19M
NOI $71,683 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,839 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Packaged deal featuring six single-family homes with most units fully occupied.
Where is this single family property located?
The property is located at Portfolio of 6 Homes Allentown, PA.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Packaged deal: 6 single‑family homes in Allentown; 6 of the 7 homes are fully occupied and cash‑flowing; Public water and public sewer
