Medical Office Building with
For Sale
$424,000
937 N 4th Street, Allentown, PA 18102
CommercialSale, Allentown City, PA
Property Size1,530 SF
Lot Size0.36 Acres
Price / SF$277.12
Days on Market47
Property Features for 937 N 4th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B/Li
Parking
30
Parking features
Off Street, On Street
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Tilghman St. to N on 4th St to 937 on right
Subdivision
Allentown-Central
Standard status
Active
APN
640706901959 1
Size
1,530 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Annual Amount
7146
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
signage
Building Details
Year built
1948
Number of units
1
Listing Agency:
Keller Williams Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
Dave Capece
(610) 435-5555
Added: Aug 24
Changed: Sep 30
Last Checked: Oct 9 at 2:06PM
MLS# 783293
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 1,530-square-foot medical office property occupies a 0.359-acre parcel and includes building signage, off-street parking, and on-street parking. Built in 1948, the property has central air conditioning and natural gas heat. A chiropractic office currently occupies the building and is expected to vacate before settlement.
The property is located at 937 N 4th Street in Allentown City, Pennsylvania. It is served by public water and public sewer and carries B/Li zoning. The combination of an established office layout, visible signage, and existing parking supports continued medical-office use or another professional office application, subject to applicable approvals.
The property is located at 937 N 4th Street in Allentown City, Pennsylvania. It is served by public water and public sewer and carries B/Li zoning. The combination of an established office layout, visible signage, and existing parking supports continued medical-office use or another professional office application, subject to applicable approvals.
Key Highlights
- 1,530 square feet on a 0.359‑acre parcel
- Building signage with off‑street and on‑street parking
- B/Li zoning in Allentown City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,390
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,800
$267.8K
Cap Rate 7%
$191,286
$191.3K
Cap Rate 9%
$148,778
$148.8K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$23.9K $15.60/SF
− Vacancy
−$1.6K −$1.01/SF
EGI
$22.3K $14.59/SF
− OpEx
−$8.9K −$5.83/SF
NOI
$13.4K $8.75/SF
Area
Allentown, PA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,800
Cap Rate 7%
$191,286
Cap Rate 9%
$148,778
Alternative Uses
Best Use
Healthcare Medical
$191.3K
$167.4K – $223.2K
NOI $13,390 @ 7.0% cap · market cap 3.16%
Second Best
Office B
$118.7K
$103.8K – $138.4K
NOI $8,306 @ 7.0% cap · market cap 1.96%
Theoretical Best
Specialty Retail
$300.6K
$263.0K – $350.7K
NOI $21,041 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office property with off-street parking, central air, and public water and sewer service.
Where is this medical office space located?
The property is located at 937 N 4th Street Allentown, PA.
What is the asking price?
The asking price for this property is $424,000.
What are key features of this property?
This property features: 1,530 square feet on a 0.359‑acre parcel; Building signage with off‑street and on‑street parking; B/Li zoning in Allentown City
