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    22 13Th St Allentown, PA 18102

    For Sale
    $395,000

    Five-unit building, strong NOI.

    Property size:
    2,404 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a 5-unit multifamily property located at 22 S 13th St, Allentown, PA 18102. Built in 1905, this two-story building encompasses 2,404 square feet and currently boasts 80% occupancy. The property comprises one spacious apartment and four shared rooms, catering to a diverse range of tenants and maximizing rental income potential. This unique configuration offers a blend of traditional and co-living spaces, addressing the growing demand for affordable housing options in Allentown's thriving rental market. The property's current Net Operating Income (NOI) stands at $39,765, demonstrating its strong financial performance. The asking price is $395,000. Situated in Lehigh County, this property benefits from Allentown's revitalization and job growth, ensuring a stable tenant base and consistent rental income. The efficient layout allows for streamlined management and quick tenant turnover, contributing to high occupancy rates. This property presents a compelling investment opportunity with potential for value enhancement through minor upgrades, further increasing its profitability and return on investment. The property's strategic location and adaptable design make it an attractive asset for investors seeking a stable and income-generating property in a dynamic market. This is a rare opportunity to acquire a well-performing multifamily building in a desirable location.

    Property Features for 22 13Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,404 SF

    Building Details

    Year Built
    1905
    Buildings
    1
    Stories
    2
    Units
    5
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4837597
    Latitude
    40.5981873

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit building, strong NOI.
    Where is this multifamily property located?
    The property is located at 22 13Th St Allentown, PA.
    What is the asking price?
    The asking price for this property is $395,000.
    Request Owner's contact information
    22 13Th St Allentown, PA 18102
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    Allentown, PA 18102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 13Th St Allentown, PA 18102
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