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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
High-rise multifamily apartments
1402 Liberty St 1414 Allentown, PA 18102-2616
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2410206
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1900
Total area
27,680 SF
Lot
0.39 ac (16,800 SF)
Zoning code
R-MH
APN
549761029892-1
UPID
US73-2410206
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
Current use
Occupant on record · Public records
-
MSN Realty LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.93M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$3.29M
Owner & transaction history
David Abreu · 7 yrs held
David Abreu
since 2018
7 recorded transactions
Zoning & alternative use
R-MH · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+70.3%
Auto repair, garage
$5.3M
+66.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,255,000
6.5%
$3,930,000
7%
$3,650,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,150,000
Current use
RESTAURANT
$5,370,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,260,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$2,915,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,805,000
Change: -11% · Conversion: Moderate
RETAIL STORES
$2,635,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±10%
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
$119 / 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
$34,443
Tax year 2024
Assessed value
$1,011,700
Assessed 2024
Previous assessed
$1,011,700
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$168,000
Assessed improvement
$843,700
Land market value
$168,000
Improvement market value
$843,700
Total market value
$1,011,700
Applied tax rate
8.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1900
Heating
STEAM
Stories
5
Units
28
Total area
27,680 SF
Lot
0.39 ac (16,800 SF)
Zoning code
R-MH
APN
549761029892-1
UPID
US73-2410206
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
RESTAURANT
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.3M
OFFICE BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1900
Heating
STEAM
Stories
5
Units
28
Lot
0.39 ac
Current owner
From public records · entity-resolved
David Abreu
Individual
Mailing address
728 BRUSH AVE, BRONX, NY 10465-1805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2019
—
David Abreu
—
Deed
related
$200,000 · First Keystone Cmnty Bk
Jul 27, 2018
—
David Abreu
Msn Realty LLC
Quit Claim Deed
related
$750,000 · First Keystone Cmnty Bk
Apr 6, 2005
$945,000
Msn Realty LLC
Allentown Realty II LP
Deed
$756,000 · Silver Hill Financial LLC
Dec 13, 2002
$650,000
Realty Allentown II
Liberty Heights LLC
Grant Deed
$560,000 · Patriot Bank Mortgage
Sep 16, 1999
$430,000
Liberty Heights LLC
B G Investments
Grant Deed
$322,500 · Patriot Bank NA
—
—
David Abreu
—
Deed Of Trust
related
$200,000 · First Keystone Cmnty Bk
—
—
Liberty Heights LLC
—
Deed Of Trust
related
$66,000 · Patriot Bank NA
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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