First-Floor Residential
For Sale
$265,000
916 Cold Spring Road 4, Allentown, PA 18103
A covered stone porch and in-unit laundry add practical features to this condominium in Clearview Manor.
Property Size1,250 SF
Days on Market8
Property Features for 916 Cold Spring Road 4
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,900
Building Details
Building Size
1,250 SF
Year Built
1995
Listing Agency:
BHHS Fox & Roach Macungie
Listed By:
Mick Seislove
(610) 657-1758
Source:
Bhhspaulfordrealtors
Added: Oct 29
Changed: Oct 31
Last Checked: Nov 4 at 10:14PM
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 Fox & Roach Macungie
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Investment Insights
Based on property information with market context.
This first-floor condominium in Clearview Manor offers 2 bedrooms and 2 bathrooms. The living and dining areas share an open layout, while an opening connects the kitchen to the dining space. A covered stone porch enters through sliding glass doors. The primary suite has a walk-in closet and private bathroom; the second bedroom is served by a full hall bath. A laundry room includes cabinetry and a washer and dryer. The building dates to 1995.
The home is in the East Penn School District, with a township park next door offering tennis, pickleball, basketball, and a playground. Shopping, restaurants, and major routes are a short drive away. The condominium is also available for rent.
The home is in the East Penn School District, with a township park next door offering tennis, pickleball, basketball, and a playground. Shopping, restaurants, and major routes are a short drive away. The condominium is also available for rent.
Key Highlights
- Two bedrooms and two bathrooms
- First‑floor condominium with a covered stone porch
- Primary suite includes a walk‑in closet and private bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,534
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,680
$230.7K
Cap Rate 7%
$164,771
$164.8K
Cap Rate 9%
$128,156
$128.2K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$22.5K $18.00/SF
− Vacancy
−$1.5K −$1.22/SF
EGI
$21.0K $16.78/SF
− OpEx
−$9.4K −$7.55/SF
NOI
$11.5K $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%
$230,680
Cap Rate 7%
$164,771
Cap Rate 9%
$128,156
Alternative Uses
Best Use
Apartment 5plus
$164.8K
$144.2K – $192.2K
NOI $11,534 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$245.6K
$214.9K – $286.5K
NOI $17,190 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 18103, PA
48,358
Population
19,769
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
17.2 sq mi
ZIP Area
2,812
Density / Sq Mi
$72,545
Median Household Income
$38,377
Median Earnings
$1,333
Median Rent
$242,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A covered stone porch and in-unit laundry add practical features to this condominium in Clearview Manor.
Where is this residential income property located?
The property is located at 916 Cold Spring Road 4 Allentown, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; First‑floor condominium with a covered stone porch; Primary suite includes a walk‑in closet and private bath
