Renovated Brick Multifamily
For Sale
$189,000
733 Lumber St Unit 1, Allentown, PA 18102
Updated residence with an open layout, eat-in kitchen, rear deck, basement, and off-street parking.
Property Size1,373 SF
Price / SF$137.65
Days on Market47
Property Features for 733 Lumber St Unit 1
General Information
Standard status
Active
Size
1,373 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Amenities
full basement
washer/dryer hookup
deck
Building Details
Year Built
1890
Construction
brick
Listing Agency:
Twin Rivers Real Estate LLC
Listed By:
Paula M. Antario
(610) 248-6537
Source:
Jennysoldmine
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 1 at 10:24AM
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 Twin Rivers Real Estate LLC
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Investment Insights
Based on property information with market context.
This brick multifamily residence offers 1,373 square feet with three bedrooms and a layout that includes an open living area, modern kitchen, and updated bath. Renovations were completed within the last 3 years, and luxury vinyl flooring runs throughout the bedrooms. The home also includes a full basement, washer and dryer hookups, gas forced-air heat, and a rear deck. The roof is 2 years old.
Located at 733 Lumber St Unit 1 in Allentown City, the property includes parking for 2 cars and a clear CO from the city of Allentown. The home was built in 1890.
Located at 733 Lumber St Unit 1 in Allentown City, the property includes parking for 2 cars and a clear CO from the city of Allentown. The home was built in 1890.
Key Highlights
- Three‑bedroom brick multifamily residence with 1,373 square feet
- Renovated within the last 3 years, including the kitchen and bath
- Full basement with washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,668
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,360
$253.4K
Cap Rate 7%
$180,971
$181.0K
Cap Rate 9%
$140,756
$140.8K
Market Conditions
NOI Build-Up for 1,373 SF
Gross rent
$24.7K $18.00/SF
− Vacancy
−$1.7K −$1.22/SF
EGI
$23.0K $16.78/SF
− OpEx
−$10.4K −$7.55/SF
NOI
$12.7K $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%
$253,360
Cap Rate 7%
$180,971
Cap Rate 9%
$140,756
Alternative Uses
Best Use
Apartment 5plus
$181.0K
$158.4K – $211.1K
NOI $12,668 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$269.7K
$236.0K – $314.7K
NOI $18,881 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,574
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated residence with an open layout, eat-in kitchen, rear deck, basement, and off-street parking.
Where is this multifamily property located?
The property is located at 733 Lumber St Unit 1 Allentown, PA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Three‑bedroom brick multifamily residence with 1,373 square feet; Renovated within the last 3 years, including the kitchen and bath; Full basement with washer and dryer hookups
