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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
932 Hamilton St Allentown, PA 18101-2292
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1860651
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2023
Total area
110,524 SF
Lot
0.74 ac (32,278 SF)
Zoning code
B-2
APN
549699770120-1
UPID
US73-1860651
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
-
The Gallery at Cityplace Apartment Complex
-
DeSales University College
-
Amigos Mexican Grill Restaurant
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
932 Hamilton Op LP · 4 yrs held
932 Hamilton Op LP
since 2021
Last sale
$356,454
7 recorded transactions
Zoning & alternative use
B-2 · 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
$326,280
Tax year 2024
Assessed value
$10,174,300
Assessed 2024
Previous assessed
$258,300
+3,838.9% YoY
Effective rate
3.21%
On assessed value
Assessed land
$636,000
Assessed improvement
$9,538,300
Land market value
$636,000
Improvement market value
$9,538,300
Total market value
$10,174,300
Applied tax rate
3.0000
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
2023
Heating
YES
Cooling
YES
Stories
6
Units
106
Total area
110,524 SF
Lot
0.74 ac (32,278 SF)
Zoning code
B-2
APN
549699770120-1
UPID
US73-1860651
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.
Building & site characteristics
From public records
Year built
2023
Heating
YES
Cooling
Yes
Stories
6
Units
106
Lot
0.74 ac
Current owner
From public records · entity-resolved
932 Hamilton Op LP
Entity
Mailing address
645 HAMILTON ST, ALLENTOWN, PA 18101-2109
Ownership since
2021
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
Jun 13, 2025
—
932 Hamilton Op LP
—
Deed
related
$17,848,000 · Qnb Bank
Dec 2, 2021
—
932iiamilton Op LP
—
Deed
related
$103,717,959 · M & T Bank
Sep 2, 2021
$356,454
932 Hamilton Op LP
City Center Investment Corporation
Special Warranty Deed
—
Feb 7, 2017
—
City Center Investment Corp
—
Grant Deed
related
$3,500,000 · Qnb Bk
Jun 25, 2014
$1,200,000
City Center Investment Corp
Ppl Electric Utilities Corp
Grant Deed
—
Jun 14, 2011
—
Ppl Electric Utilities Corp
—
Deed Of Trust
related
$90,000,000 · Bank Of Ny Mellon
—
—
Ppl Electric Utilities Corp
—
Loan Modification
related
$250,000,000 · Bank Of Ny Mellon
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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