Three-Unit Triplex with
New
For Sale
$429,000
875 N Jerome St, Allentown, PA 18109
Each residence has two bedrooms and one full bathroom, with public water and sewer serving the building.
Property Size1,600 SF
Lot Size0.09 Acres
Price / SF$268.13
Days on Market4
Property Features for 875 N Jerome St
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,564
Amenities
backyard
balcony
Building Details
Buildings
1
Stories
3
Construction
brick and vinyl
Listing Agency:
Keller Williams Northampton
(610) 867-8888
Listed By:
Shabana Pathan · License #RS307275
(484) 893-1204
Source:
Exprealty
Added: Oct 6
Changed: Oct 9
Last Checked: Oct 7 at 2:30PM
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 Keller Williams Northampton
Investment Insights
Based on property information with market context.
This detached, three-story triplex contains three residential units, each arranged with two bedrooms and one full bathroom. The second-floor apartment includes an eat-in kitchen with a gas stove, refrigerator, and double sink. A balcony and a backyard provide outdoor areas, while off-street parking is available. Brick and vinyl form the exterior, and the property receives public water and sewer service. The lot measures approximately 32.5' x 120'.
The property is in East Allentown, just off Union Boulevard, with access to Airport Road and Route 22. Coca-Cola Park, retail centers, restaurants, parks, schools, and other daily services are nearby. The location also provides routes to Allentown, Bethlehem, and other parts of the Lehigh Valley.
The property is in East Allentown, just off Union Boulevard, with access to Airport Road and Route 22. Coca-Cola Park, retail centers, restaurants, parks, schools, and other daily services are nearby. The location also provides routes to Allentown, Bethlehem, and other parts of the Lehigh Valley.
Key Highlights
- Three apartments, each with 2 bedrooms and 1 full bathroom
- Detached three‑story building with brick and vinyl exterior
- Approximate lot dimensions of 32.5' x 120'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,783
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,660
$335.7K
Cap Rate 7%
$239,757
$239.8K
Cap Rate 9%
$186,478
$186.5K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$25.9K $16.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$24.0K $14.99/SF
− OpEx
−$7.2K −$4.50/SF
NOI
$16.8K $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%
$335,660
Cap Rate 7%
$239,757
Cap Rate 9%
$186,478
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.8K – $279.7K
NOI $16,783 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$210.9K
$184.5K – $246.1K
NOI $14,763 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$314.3K
$275.0K – $366.7K
NOI $22,003 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms and one full bathroom, with public water and sewer serving the building.
Where is this triplex located?
The property is located at 875 N Jerome St Allentown, PA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 full bathroom; Detached three‑story building with brick and vinyl exterior; Approximate lot dimensions of 32.5' x 120'
