Three-Story Mixed-Use
For Sale
$1,600,000
926 928 W Hamilton Street, Allentown, PA 18101
COMMERCIAL - Allentown City, PA
Property Size7,059 SF
Lot Size0.16 Acres
Price / SF$226.66
Days on Market132
Property Features for 926 928 W Hamilton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2-CENTRAL BUSINESS
Parking
8
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
926 W Hamilton, Allentown, PA, KRUPPER BUILDING, sign out front.
Subdivision
Allentown-Central
Standard status
Active
APN
549699871501001
Size
7,059 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
8285
Utilities
Sewer type
Public Sewer
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1930
Building materials
Brick
Roof type
Flat
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Loren K. Keim Jr. · License #RB-045762-L
(877) 208-4158
Added: Apr 3
Changed: Aug 4
Last Checked: Aug 12 at 12:06AM
MLS# 774404
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.
Investment Insights
Based on property information with market context.
This three-story mixed-use property contains 7,059 square feet on a 0.158-acre parcel measuring 30 feet by 230 feet. The brick building was constructed in 1930 and features a flat roof, wall-unit cooling, public water, and public sewer. Its configuration supports consideration of retail, restaurant, office, or residential use, as well as a complete redevelopment concept.
The property occupies a corner position on W Hamilton Street within Allentown’s NIZ. Rear access adjoins the Maple Street Parking Deck, while PPL Tower, Archer Music Hall, and the Da Vinci Science Center are identified in the surrounding context. The B-2-CENTRAL BUSINESS zoning designation and deep urban lot provide a defined framework for evaluating future commercial or mixed-use plans.
The property occupies a corner position on W Hamilton Street within Allentown’s NIZ. Rear access adjoins the Maple Street Parking Deck, while PPL Tower, Archer Music Hall, and the Da Vinci Science Center are identified in the surrounding context. The B-2-CENTRAL BUSINESS zoning designation and deep urban lot provide a defined framework for evaluating future commercial or mixed-use plans.
Key Highlights
- 7,059‑square‑foot three‑story mixed‑use building
- 0.158‑acre parcel measuring 30' * 230'
- B‑2‑CENTRAL BUSINESS zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,945
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,738,900
$1.7M
Cap Rate 7%
$1,242,071
$1.2M
Cap Rate 9%
$966,056
$966.1K
Market Conditions
NOI Build-Up for 7,059 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$131.3K $18.60/SF
− Vacancy
−$7.1K −$1.00/SF
EGI
$124.2K $17.60/SF
− OpEx
−$37.3K −$5.28/SF
NOI
$86.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,738,900
Cap Rate 7%
$1,242,071
Cap Rate 9%
$966,056
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $86,945 @ 7.0% cap · market cap 5.43%
Second Best
Mixed Use
$984.7K
$861.6K – $1.15M
NOI $68,931 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,075 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,738
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office 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?
Mixed-use property - Brick commercial building in Allentown’s NIZ with flexible retail, restaurant, office, or residential use potential.
Where is this mixed-use property located?
The property is located at 926 928 W Hamilton Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 7,059‑square‑foot three‑story mixed‑use building; 0.158‑acre parcel measuring 30' * 230'; B‑2‑CENTRAL BUSINESS zoning
