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Property profile & analytics
OFF-MARKET
Estimated value
$16,635,000
High-rise multifamily apartments
45 Fulton St Allentown, PA 18102
Entity Owned
Free & Clear
Property ID
US73-1897037
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1972
Total area
114,800 SF
Lot
1.41 ac (61,202 SF)
Zoning code
R-H
APN
549668526169-1
UPID
US73-1897037
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
-
Sandra Gonzalez Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.30M
Comparable Approach
Comparable
$16.10M
Blend (final)
Blend
$16.64M
Owner & transaction history
HOUSING AUTH CITY ALTWN
HOUSING AUTH CITY ALTWN
Zoning & alternative use
R-H · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$24.6M
+87.9%
Restaurant
$22.3M
+70.3%
Auto repair, garage
$21.8M
+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%
$17,655,000
6.5%
$16,295,000
7%
$15,130,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,075,000
Current use
MEDICAL BUILDING
$24,570,000
Change: +88% · Conversion: Moderate
RESTAURANT
$22,265,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,820,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$12,095,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,635,000
Change: -11% · Conversion: Moderate
RETAIL STORES
$10,920,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$16.64M
Range $14.97M – $18.30M · ±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
$145 / 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
Assessed value
$11,609,500
Assessed 2024
Previous assessed
$11,609,500
+0.0% YoY
Assessed land
$900,000
Assessed improvement
$10,709,500
Land market value
$900,000
Improvement market value
$10,709,500
Total market value
$11,609,500
Applied tax rate
13.0000
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
1972
Heating
HOT WATER
Stories
8
Units
150
Total area
114,800 SF
Lot
1.41 ac (61,202 SF)
Zoning code
R-H
APN
549668526169-1
UPID
US73-1897037
Jurisdiction
LEHIGH
Zoning & alternative use
R-H · Allentown, PA
Zoning R-H · permitted uses
R-H · 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
$13.1M
MEDICAL BUILDING
Est. value
$24.6M
RESTAURANT
Est. value
$22.3M
AUTO REPAIR, GARAGE
Est. value
$21.8M
OFFICE BUILDING
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$11.6M
RETAIL STORES
Est. value
$10.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
1972
Heating
HOT WATER
Stories
8
Units
150
Lot
1.41 ac
Current owner
From public records · entity-resolved
HOUSING AUTH CITY ALTWN
Individual
Free & Clear · 0 yrs held
Mailing address
1339 W ALLEN ST, ALLENTOWN, PA 18102-2152
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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