Mixed-Use Property with Redevelopment
915 921 W Hamilton Street, Allentown, PA 18101
For Sale
$7,500,000
CommercialSale, Allentown City, PA
Property Size18,124 SF
Lot Size0.46 Acres
Price / SF$413.82
Days on Market522
Property Features for 915 921 W Hamilton Street
General Information
Property type
Property subtype
Zoning
Parking
Elementary school district
Middle school district
High school district
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APN
Size
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Taxes and HOA fees
Tax Annual Amount
Utilities
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Heating system
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Building Details
Year built
Building materials
Roof type
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Loren K. Keim Jr. · License PA RM420221
(877) 208-4158
Added: Jun 9, 2025
Changed: Oct 24
Last Checked: Nov 12 at 7:06PM
MLS# 759010
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property comprises five brick and masonry buildings totaling 18,124 square feet on a 0.458-acre corner site. The existing configuration includes 21 units: four storefronts and 17 residential units. Improvements date to 1900 and include natural gas heat, wall-unit and central air conditioning, public water, public sewer, and flat roofs.
The property is located at Hamilton and Fountain streets in Allentown’s NIZ tax opportunity zone, on the same block as PPL Tower. It backs onto an Allentown Authority parking garage and is zoned B-2-CENTRAL BUSINESS. Conceptual renderings have been prepared for an 11-story, 300-unit hotel with underground parking, an office building, and a mixed-use concept with ground-floor retail, second-floor office space, and seven to 10 stories of apartments.
The property is located at Hamilton and Fountain streets in Allentown’s NIZ tax opportunity zone, on the same block as PPL Tower. It backs onto an Allentown Authority parking garage and is zoned B-2-CENTRAL BUSINESS. Conceptual renderings have been prepared for an 11-story, 300-unit hotel with underground parking, an office building, and a mixed-use concept with ground-floor retail, second-floor office space, and seven to 10 stories of apartments.
Key Highlights
- 0.458‑acre corner site at Hamilton and Fountain streets
- 18,124‑square‑foot assemblage of 5 buildings
- 21 existing units: 4 storefronts and 17 residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$223,232
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,464,640
$4.5M
Cap Rate 7%
$3,189,029
$3.2M
Cap Rate 9%
$2,480,356
$2.5M
Market Conditions
NOI Build-Up for 18,124 SF
Gross rent
$337.1K $18.60/SF
− Vacancy
−$18.2K −$1.00/SF
EGI
$318.9K $17.60/SF
− OpEx
−$95.7K −$5.28/SF
NOI
$223.2K $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 Rate 5%
$4,464,640
Cap Rate 7%
$3,189,029
Cap Rate 9%
$2,480,356
Alternative Uses
Best Use
Retail
$3.19M
$2.79M – $3.72M
NOI $223,232 @ 7.0% cap · market cap 2.98%
Second Best
Mixed Use
$2.53M
$2.21M – $2.95M
NOI $176,981 @ 7.0% cap · market cap 2.36%
Theoretical Best
Specialty Retail
$3.56M
$3.12M – $4.15M
NOI $249,241 @ 7.0% cap · market cap 3.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
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Business Placement
Demographics for 18101, PA
5,108
Population
2,686
Households
1.9
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
0.3 sq mi
ZIP Area
17,027
Density / Sq Mi
$41,542
Median Household Income
$34,397
Median Earnings
$1,337
Median Rent
$153,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Allentown, PA
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner assemblage with storefront and residential occupancy in the NIZ tax opportunity zone.
Where is this mixed-use property located?
The property is located at 915 921 W Hamilton Street Allentown, PA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 0.458‑acre corner site at Hamilton and Fountain streets; 18,124‑square‑foot assemblage of 5 buildings; 21 existing units: 4 storefronts and 17 residential units
