Building Details

Buildings 1

Listing Agency: Keller Williams Allentown k***@kw.com Show Phone

Listed By: Dana K. Cardona · License #RS331469 Show Phone

Source: Exprealty

Added: Oct 9 Changed: Oct 16 Last Checked: Oct 16 at 2:12PM

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Investment Insights

Based on property information with market context.

At 726 W Turner St in Allentown, this apartment property contains three units, each with one bedroom and one full bathroom. Tenants pay their own heat and electric costs; the owner covers water.

The property is near shopping, restaurants, parks, and major highways. The listing describes potential for a building of up to seven stories, subject to verification and approval by the City of Allentown, including confirmation of zoning and applicable development requirements.

Key Highlights

• Three apartments, each with one bedroom and one full bathroom
• Tenants pay for heat and electric; owner pays for water
• Potential building height of up to seven stories, subject to city verification and approval

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,455

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$409,100 $409.1K

Cap Rate 7%

$292,214 $292.2K

Cap Rate 9%

$227,278 $227.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,950 SF

Gross rent

$31.6K $16.20/SF

− Vacancy

−$2.4K −$1.22/SF

EGI

$29.2K $14.99/SF

− OpEx

−$8.8K −$4.50/SF

NOI

$20.5K $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%

$409,100

Cap Rate 7%

$292,214

Cap Rate 9%

$227,278

Alternative Uses

Best Use

Multifamily LT 5

$292.2K

$255.7K – $340.9K (±1% cap)

NOI $20,455 @ 7.0% cap · market cap 4.55%

Second Best

Apartment 5plus

$257.0K

$224.9K – $299.9K (±1% cap)

NOI $17,992 @ 7.0% cap · market cap 4.00%

Theoretical Best

Specialty Retail

$383.1K

$335.2K – $446.9K (±1% cap)

NOI $26,816 @ 7.0% cap · market cap 5.96%

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

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Bakery Acupuncture Gym & Fitness Center Veterinary Clinic Skin Care Clinic Locksmith

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

Lease Details

3

Residential units

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

3,530

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?

Triplex - Each apartment has one bedroom and one full bathroom.

Where is this triplex located?

The property is located at 726 W Turner St Allentown, PA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Three apartments, each with one bedroom and one full bathroom; Tenants pay for heat and electric; owner pays for water; Potential building height of up to seven stories, subject to city verification and approval