Five-Unit Mixed-Use
For Sale
Contact for pricing
701-703 North Jordan Street, Allentown, PA 18102
Five units span two structures conveyed together under one deed, with B1/R zoning in Allentown.
Property Size4,120 SF
Price / SF$157.74
Days on Market110
Property Features for 701-703 North Jordan Street
General Information
Standard status
Active
Size
4,120 SF
Class
C
Property subtype
Business for Sale, Retail, Multifamily
Zoning
B1/R
Investment Type
Value Add
Building Details
Year Built
1904
Buildings
2
Units
5
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
Listed By:
Zack Nebbaki · License #RS329383
(484) 707-8440
Source:
Crexi
Added: Jun 29
Changed: Oct 7
Last Checked: Oct 16 at 7:03AM
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 EXP Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains five units arranged within two separate buildings that transfer together as a single deeded asset. The configuration provides a compact multi-structure layout rather than one continuous building footprint. Constructed in 1904, the property carries B1/R zoning, supporting its mixed-use classification within the established urban setting of Allentown, Pennsylvania.
The property is located at 701-703 North Jordan Street in Allentown, PA 18102. Its five-unit arrangement, paired-building configuration, and zoning designation are the primary physical and legal characteristics of the offering.
The property is located at 701-703 North Jordan Street in Allentown, PA 18102. Its five-unit arrangement, paired-building configuration, and zoning designation are the primary physical and legal characteristics of the offering.
Key Highlights
- Five‑unit mixed‑use property
- Two buildings conveyed under one deed
- B1/R zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,746
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,920
$1.0M
Cap Rate 7%
$724,943
$724.9K
Cap Rate 9%
$563,844
$563.8K
Market Conditions
NOI Build-Up for 4,120 SF
Gross rent
$76.6K $18.60/SF
− Vacancy
−$4.1K −$1.00/SF
EGI
$72.5K $17.60/SF
− OpEx
−$21.7K −$5.28/SF
NOI
$50.7K $12.32/SF
Area
Allentown, PA
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,920
Cap Rate 7%
$724,943
Cap Rate 9%
$563,844
Alternative Uses
Best Use
Retail
$724.9K
$634.3K – $845.8K
NOI $50,746 @ 7.0% cap · market cap 7.81%
Second Best
Mixed Use
$574.7K
$502.9K – $670.5K
NOI $40,232 @ 7.0% cap · market cap 6.19%
Theoretical Best
Specialty Retail
$809.4K
$708.2K – $944.3K
NOI $56,658 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,815
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five units span two structures conveyed together under one deed, with B1/R zoning in Allentown.
Where is this mixed-use property located?
The property is located at 701-703 North Jordan Street Allentown, PA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Five‑unit mixed‑use property; Two buildings conveyed under one deed; B1/R zoning
