Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Apartment buildings
120-122 8th St Allentown, PA 18101
Entity Owned
2-yr Hold
Property ID
US73-2295879
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1870
Construction
FRAME
Total area
3,672 SF
Lot
0.1 ac (4,140 SF)
Zoning code
B-2
APN
640700186987-1
UPID
US73-2295879
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
$995k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$955k
Owner & transaction history
120n8 LLC · 2 yrs held
120n8 LLC
since 2023
Last sale
$949,500
6 recorded transactions
Zoning & alternative use
B-2 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$785,000
+79.8%
Auto repair, garage
$700,000
+59.6%
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
Method
Estimation
Statistic approach
$920,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$785,000
Change: +80% · Conversion: Moderate
AUTO REPAIR, GARAGE
$700,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $940k – $959k · vs last sale $950k (Aug 7 2023)
Last sale anchor
$950k
Aug 7 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$260 / SF
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
$7,094
Tax year 2024
Assessed value
$218,400
Assessed 2024
Previous assessed
$218,400
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$18,400
Assessed improvement
$200,000
Land market value
$18,400
Improvement market value
$200,000
Total market value
$218,400
Applied tax rate
4.0000
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 (5+ UNITS)
Status
Off-Market
Year built
1870
Construction
FRAME
Heating
BASEBOARD
Buildings
3
Stories
3
Units
10
Rooms
14
Bathrooms
1
Total area
3,672 SF
Lot
0.1 ac (4,140 SF)
Zoning code
B-2
APN
640700186987-1
UPID
US73-2295879
Jurisdiction
LEHIGH
Zoning & alternative use
B-2 · Allentown, PA
Zoning B-2 · permitted uses
B-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$700,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1870
Construction
FRAME
Heating
BASEBOARD
Stories
3
Buildings
3
Units
10
Rooms
14
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
120n8 LLC
Entity
Mailing address
1015 S CEDAR CRST BLVD, ALLENTOWN, PA 18103-5443
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
$949,500
120n8 LLC
Penn Group I Casa Holdings LLC
Special Warranty Deed
$759,600 · Embassy Bank For The Lehigh Valley
Jun 22, 2012
$194,500
Penn Group I Casa Holdings LLC
Brighter Future Of Allentown Resc
Grant Deed
—
Feb 28, 2012
—
Brighter Future Of Allentown Resc
Kistler Fredric C R A Trust
Grant Deed
related
—
Feb 20, 1998
$141,278
Fredric Kistler
Kistler,fredric P
Grant Deed
related
—
—
—
Penn Group I Casa Holdings LLC
—
Deed Of Trust
related
$144,750 · Pnc Bank
—
—
Nic Zawarski & Sons Bldrs INC
—
Deed Of Trust
related
$2,083,749 · National Penn Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 120-122 8th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
