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Financial
Distress signals
Property profile

1102 Hanover Ave Allentown, PA 18109

FOR SALE
Other investment properties
Property ID
US73-1843670
2,876 SF 0.11 ac lot Built 1925
Last sale Aug 2022 · $275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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1102 Hanover Ave, Allentown, PA 18109 For Sale
$449,900 2,876 SF
1102 Hanover Ave, Allentown, PA 18109
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Property summary

AI-generated overview

The property is a 2,876-square-foot mixed-use building constructed in 1925, combining a retail storefront with two apartments. It has a flat roof, central air conditioning, and natural gas heating, and is served by public water and public sewer. The building sits on a 0.11-acre parcel zoned MX-N. Located at 1102 Hanover Avenue on Allentown’s East Side, it has exposure along Hanover Avenue and is near the Airport Road retail corridor, with Coca-Cola Park nearby. The surrounding area includes…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$179k
Assessed land$29k
Assessed improvement$150k
Effective rate3.39%

Value estimate

· Oct 2026
$320k
$288k – $352k
AI approach$310k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 7.87% cap applied$35k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$124/SF
Submarket average, outlier-cleaned · 139 recorded sales of this use type
Observed band · Q1–Q3$91 – $176
Qualifying comparables6

Cap rate analysis

How does the asset earn?
7.87%
$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-3
IG- or IM-zoned lots or on lots that were classified in the B-3 zoning district on the day before the effective date specified 10-11 CITY...
General categoryCOMMERCIAL
JurisdictionLEHIGH

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.2
Cafe & Coffee Shop9.3
Dry Cleaner9.1

Location

1102 Hanover Ave Allentown, PA 18109
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
241 Elm, Allentown, PA 18109-2731 $255,000 Jul 2025 1,800 SF
1525-1529 Hanover, Allentown, PA 18109 $550,000 Jul 2024 2,569 SF
302 Hamilton, Allentown, PA 18109-2697 $335,000 Jul 2023 3,148 SF
822-824 Oswego, Allentown, PA 18109 $60,000 Jul 2022 2,616 SF
1920-1922 Un, Allentown, PA 18109 $225,000 Aug 2021 1,720 SF
670-672 Sherman, Allentown, PA 18109 $150,000 Sep 2020 1,836 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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