6-Unit Apartment Building with
For Sale
$1,395,000
Pending
732 W Tilghman St, Allentown, PA 18102
Fully renovated multifamily property with separate electric utilities, in-unit laundry, and drive-in off-street parking.
Property Size7,076 SF
Days on Market162
Property Features for 732 W Tilghman St
General Information
Standard status
Pending
Size
7,076 SF
Property subtype
Residential Income
Additional Details
Gross Income
$132,000
Highway Access
Yes
Multifamily Units
6
Amenities
in-unit washer/dryers
security cameras
off-street parking
Listing Agency:
BHHS Regency Real Estate
(610) 432-5252
Listed By:
Andrew A. Ginsburg
(610) 349-6644
Source:
Exprealty
Added: May 5
Changed: Oct 12
Last Checked: Oct 13 at 1:20AM
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 BHHS Regency Real Estate
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains 7,076 square feet and has been comprehensively rebuilt from the brick walls inward. Improvements include a new roof, windows, drywall, trim, doors, recessed lighting, electric baseboard heat, and electric hot water. Each apartment includes hardwood flooring, white shaker cabinetry, quartz countertops, and an in-unit washer and dryer. Separate electric utilities and security cameras are also in place, along with drive-in off-street parking.
The property is located at 732 W Tilghman St in Allentown, PA, minutes from Route 222 and Downtown Allentown. The downtown area includes the PPL Center arena, Da Vinci Science Center, Moxy Hotel, Archer Music Hall, restaurants, entertainment venues, offices, and residential development. Its proximity to these destinations and transportation access places the building within the Lehigh Valley market.
The property is located at 732 W Tilghman St in Allentown, PA, minutes from Route 222 and Downtown Allentown. The downtown area includes the PPL Center arena, Da Vinci Science Center, Moxy Hotel, Archer Music Hall, restaurants, entertainment venues, offices, and residential development. Its proximity to these destinations and transportation access places the building within the Lehigh Valley market.
Key Highlights
- 6‑unit multifamily building with 7,076 square feet
- Comprehensively renovated with new roof, windows, drywall, trim, and doors
- Apartments feature hardwood floors, white shaker cabinets, and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,289
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,780
$1.3M
Cap Rate 7%
$932,700
$932.7K
Cap Rate 9%
$725,433
$725.4K
Market Conditions
NOI Build-Up for 7,076 SF
Gross rent
$127.4K $18.00/SF
− Vacancy
−$8.7K −$1.22/SF
EGI
$118.7K $16.78/SF
− OpEx
−$53.4K −$7.55/SF
NOI
$65.3K $9.23/SF
Area
Allentown, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,780
Cap Rate 7%
$932,700
Cap Rate 9%
$725,433
Alternative Uses
Best Use
Apartment 5plus
$932.7K
$816.1K – $1.09M
NOI $65,289 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,309 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Apartment building - Fully renovated multifamily property with separate electric utilities, in-unit laundry, and drive-in off-street parking.
Where is this apartment building located?
The property is located at 732 W Tilghman St Allentown, PA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 6‑unit multifamily building with 7,076 square feet; Comprehensively renovated with new roof, windows, drywall, trim, and doors; Apartments feature hardwood floors, white shaker cabinets, and quartz countertops
