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Property profile & analytics
OFF-MARKET
Apartment buildings
1002 6th St Allentown, PA 18103-3369
Individually Owned
6-yr Hold
Property ID
US73-0539055
Property summary
AI-generated overview
This triplex is located in Allentown City and offers potential for long-term rental income. Unit 1 requires repairs, offering an opportunity for renovations and value addition. Unit 2 features 2 bedrooms with a solid layout and is typically occupied. Unit 3 is a large 3-bedroom unit with a bonus room off the kitchen and basement access and is typically occupied. All units have separate entrances. The property totals 3357 square feet and is located in Allentown's revitalization zone, minutes from downtown shops, restaurants, the PPL Center, and major transportation routes. The zoning is R-Mh-Medium High Density.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Construction
BRICK
Total area
3,357 SF
Lot
0.04 ac (1,750 SF)
Zoning code
R-MH
APN
640636052270-1
UPID
US73-0539055
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pramod Potluri · 6 yrs held
Pramod Potluri
since 2020
Last sale
$210,390
7 recorded transactions
Zoning & alternative use
R-MH · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Allentown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allentown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,785
Tax year 2024
Assessed value
$118,500
Assessed 2024
Previous assessed
$118,500
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$6,600
Assessed improvement
$111,900
Land market value
$6,600
Improvement market value
$111,900
Total market value
$118,500
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
BASEBOARD
Stories
3
Units
3
Rooms
14
Bathrooms
3
Total area
3,357 SF
Lot
0.04 ac (1,750 SF)
Zoning code
R-MH
APN
640636052270-1
UPID
US73-0539055
Jurisdiction
LEHIGH
Zoning & alternative use
R-MH · Allentown, PA
Zoning R-MH · permitted uses
R-MH · Allentown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allentown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
BASEBOARD
Stories
3
Units
3
Rooms
14
Bathrooms
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Pramod Potluri
Individual
Mailing address
149 HIAWATHA BLVD, LAKE HIAWATHA, NJ 07034-2129
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2020
$210,390
Pramod Potluri
Julian Hormilla
Deed
$157,110 · First Ohio Home Finance INC
Jun 27, 2018
$190,000
Julian Hormilla
Pegasus Investment Group LLC
Deed
$142,500 · Merchants Bank Of Bangor
Aug 29, 2014
$75,000
Pegasus Investment Group LLC
Velez,francisco
Grant Deed
—
May 1, 2001
$86,500
Francisco Velez
Yeakel,alan B & Gail
Grant Deed
—
—
—
Francisco Velez
—
Deed Of Trust
related
$69,200 · First Franklin Financial Corp
—
—
Julian Hormilla
—
Deed Of Trust
related
$157,500 · Peoples Sec Bk&tr
—
—
Francisco G Velez
—
Deed Of Trust
related
$81,750 · America's Wholesale Lender
—
—
Francisco G Velez
—
Deed Of Trust
related
$8,650 · East Penn Bank
—
—
Francisco Velez
—
Deed Of Trust
related
$8,370 · Citifinancial INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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