Duplex with Updated
New
For Sale
$235,000
624 W Gordon Street, Allentown, PA 18102
ResidentialIncome, Allentown City, PA
Property Size1,362 SF
Lot Size0.05 Acres
Price / SF$172.54
Days on Market3
Property Features for 624 W Gordon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-MH
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking
2
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
South on 7th St, then left onto W Gordon St. Property is on your right.
Standard status
Active
APN
640702549662-1
Size
1,362 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
1852
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
W/D hookup
Building Details
Year built
1875
Floors in Building
2
Number of units
2
Building materials
Brick
Buildings
1
Listing Agency:
Keller Williams Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
Christopher W. McKay
(215) 459-5689
Added: Oct 28
Last Checked: Oct 30 at 8:06AM
MLS# 786913
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.
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Investment Insights
Based on property information with market context.
This brick duplex contains 1,362 square feet across two units, each with an updated kitchen and bathroom, tile backsplashes, and LVP flooring. The first unit has a washer and dryer hookup. Built in 1875, the property is heated by natural gas and served by public water and sewer. It sits on a 0.053-acre lot and is zoned R-MH.
Both apartments are occupied under yearly leases, and the tenants have expressed a desire to stay. A rear two-car parking pad is currently leased by the downstairs tenant. The property is being sold as-is, with any municipal repairs required following the scheduled pre-sale inspection assigned to the buyer.
Both apartments are occupied under yearly leases, and the tenants have expressed a desire to stay. A rear two-car parking pad is currently leased by the downstairs tenant. The property is being sold as-is, with any municipal repairs required following the scheduled pre-sale inspection assigned to the buyer.
Key Highlights
- Two‑unit brick property with 1,362 square feet
- Updated kitchens and bathrooms in both units, with tile backsplashes and LVP flooring
- Unit 1 includes a washer and dryer hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,287
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,740
$285.7K
Cap Rate 7%
$204,100
$204.1K
Cap Rate 9%
$158,744
$158.7K
Market Conditions
NOI Build-Up for 1,362 SF
Gross rent
$22.1K $16.20/SF
− Vacancy
−$1.7K −$1.22/SF
EGI
$20.4K $14.99/SF
− OpEx
−$6.1K −$4.50/SF
NOI
$14.3K $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%
$285,740
Cap Rate 7%
$204,100
Cap Rate 9%
$158,744
Alternative Uses
Best Use
Multifamily LT 5
$204.1K
$178.6K – $238.1K
NOI $14,287 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$179.5K
$157.1K – $209.5K
NOI $12,567 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$267.6K
$234.1K – $312.2K
NOI $18,730 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,424
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units have yearly leases, with tenants who wish to remain.
Where is this duplex located?
The property is located at 624 W Gordon Street Allentown, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit brick property with 1,362 square feet; Updated kitchens and bathrooms in both units, with tile backsplashes and LVP flooring; Unit 1 includes a washer and dryer hookup
