Building Details

Building Size 2,316 SF

Year Built 1900

Listing Agency: Coldwell Banker Hearthside

Listed By: Nick Smith Show Phone

Source: Bhhspaulfordrealtors

Added: Aug 12 Changed: Oct 4 Last Checked: Oct 15 at 5:10AM

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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.

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 / Yr

$24,294

Cap Rate

6.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$485,880 $485.9K

Cap Rate 7%

$347,057 $347.1K

Cap Rate 9%

$269,933 $269.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,316 SF

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 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 (±1% cap)

NOI $24,294 @ 7.0% cap · market cap 6.66%

Second Best

Apartment 5plus

$305.3K

$267.1K – $356.2K (±1% cap)

NOI $21,369 @ 7.0% cap · market cap 5.85%

Theoretical Best

Specialty Retail

$455.0K

$398.1K – $530.8K (±1% cap)

NOI $31,850 @ 7.0% cap · market cap 8.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Skin Care Clinic Gym & Fitness Center Bakery Acupuncture Florist Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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 $365,000.

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