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 Market64
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
(484) 707-8440
Listed By:
Zack Nebbaki · License #RS329383
Source:
Crexi
Added: Jun 29
Changed: Aug 31
Last Checked: Aug 31 at 12:28AM
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
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 = 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
$50,746
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
7.81%
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%
$1,014,920
$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
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
$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 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%
$1,014,920
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.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
