Renovated Two-Unit
For Sale
$375,000
614 North 8th Street, Allentown, PA 18102
Updated units offer newer appliances, practical layouts, and laundry hookups.
Property Size2,316 SF
Days on Market20
Property Features for 614 North 8th Street
General Information
Standard status
Active
Size
2,316 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$2,558
Building Details
Building Size
2,316 SF
Year Built
1900
Listing Agency:
Coldwell Banker Hearthside
(610) 465-5600
Listed By:
Nick Smith
Source:
Bhhspaulfordrealtors
Added: Aug 12
Changed: Aug 24
Last Checked: Aug 30 at 8:58PM
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 Coldwell Banker Hearthside
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,316 SF and offers a mix of updated features and flexible occupancy options. The first-floor unit has been renovated and includes newer appliances. The second unit occupies the second and third floors, with 3 bedrooms, 2 full baths, a practical kitchen, and laundry hookups. A complete roof replacement is noted for 2026.
The property is located at 614 N 8th St in Allentown, PA. One unit is occupied while the other is vacant, allowing the next owner to maintain the existing arrangement or occupy one unit while retaining the other as a rental. Both units have documented renovation work, supporting a practical duplex configuration for residential income use.
The property is located at 614 N 8th St in Allentown, PA. One unit is occupied while the other is vacant, allowing the next owner to maintain the existing arrangement or occupy one unit while retaining the other as a rental. Both units have documented renovation work, supporting a practical duplex configuration for residential income use.
Key Highlights
- Two‑unit duplex totaling 2,316 SF
- Renovated first‑floor unit with newer appliances
- Second unit spans the 2nd and 3rd floors
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
$24,294
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
6.48%
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%
$485,880
$485.9K
Cap Rate 7%
$347,057
$347.1K
Cap Rate 9%
$269,933
$269.9K
Market Conditions
NOI Build-Up for 2,316 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
$37.5K $16.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$34.7K $14.99/SF
− OpEx
−$10.4K −$4.50/SF
NOI
$24.3K $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 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%
$485,880
Cap Rate 7%
$347,057
Cap Rate 9%
$269,933
Alternative Uses
Best Use
Multifamily LT 5
$347.1K
$303.7K – $404.9K
NOI $24,294 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$305.3K
$267.1K – $356.2K
NOI $21,369 @ 7.0% cap · market cap 5.70%
Theoretical Best
Specialty Retail
$455.0K
$398.1K – $530.8K
NOI $31,850 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,574
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 - Updated units offer newer appliances, practical layouts, and laundry hookups.
Where is this duplex located?
The property is located at 614 North 8th Street Allentown, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,316 SF; Renovated first‑floor unit with newer appliances; Second unit spans the 2nd and 3rd floors
