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101 N 8th St 11 Unit Apartment Building $1,895,000 ($172,273/Unit) 6.84% Cap Rate Allentown, PA 18101
INVESTMENT HIGHLIGHTS
- 100% Renovated down to the stud including Utilities All Separate Electric Utilities
- Security Camera System and Wifi Included for all tenants
- Brand New Common Laundry 2 Sets Washer/Dryer
- New Sewer Line 2020
- New Roof
- Located in the Heart of Allentown’s Redevelopment Efforts NIZ Improvement Zone
EXECUTIVE SUMMARY
Seller Financing Options Available! This investment opportunity consists of 11 Units - (6) Studio Apartments (1) 1 Bedroom 1 Bath Apartments and (4) Commercial Storefronts. The entire building has been renovated including all the common areas. All residential units have electric mini-splits for heating and air conditioning and hot water and electric ranges. 2 commercial units have mini-splits and 2 have individual heat pumps with exposed spiral ductwork in unit - all units have separate utilities. The property has frontage facing both Linden Street and 8th Street which are main thoroughfares into and out of downtown Allentown. Located on same block of the epicenter of new downtown development . This property is located in both an Opportunity Zone and NIZ (Neighborhood Improvement Zone) which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Hotel, Retail, Nightlife, and so much more. 101 N. 8th Street is an excellent long term yield play in the most up and coming area in Allentown.
FINANCIAL SUMMARY (PRO FORMA - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $172,273 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.84% | Building Size | 7,335 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | B-2 - Commerical | ||
| Price | $1,895,000 |
| Price Per Unit | $172,273 |
| Sale Type | Investment |
| Cap Rate | 6.84% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,335 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2019 |
| Opportunity Zone |
Yes |
| Zoning | B-2 - Commerical |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 640700471867-1 | Improvements Assessment | $982,700 (2025) |
| Land Assessment | $32,800 (2025) | Total Assessment | $1,015,500 (2025) |
PROPERTY TAXES
Parcel Number
640700471867-1
Land Assessment
$32,800 (2025)
Improvements Assessment
$982,700 (2025)
Total Assessment
$1,015,500 (2025)
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101 N 8th St
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