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1015 W Hamilton St 3 Unit Apartment Building Offered at $849,900 Allentown, PA 18101
Investment Highlights
- The first floor features an established, long-term tenant operating a convenience store
- Close to major highways US-22 & I-78 for easy commute, Allentown Art Museum, Coca Cola Park, Allentown Airport, shops, restaurants & more
- A solid addition to any portfolio, this property combines stable commercial tenancy with residential income flexibility
Executive Summary
This versatile 3-unit, mixed-use investment property offers immediate and long-term income potential. The first floor features an established, long-term tenant operating a convenience store, along with a fully equipped vacant kitchen—ideal for expansion or additional revenue opportunities. The tenant-occupied second-floor apartment boasts luxury vinyl plank flooring throughout, three bedrooms, an updated full bathroom, and a spacious eat-in kitchen with tile floors. The third-floor unit is a vacant two-bedroom, one-bath apartment with a sunroom, perfect for owner occupancy or rental, with the potential to generate $1,600+ per month in passive income. A solid addition to any portfolio, this property combines stable commercial tenancy with residential income flexibility. Conveniently located close to major highways US-22 and I-78 for easy commute, Allentown Art Museum, Coca COla Park, Allentown Airport, shops, restaurants and so much more!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$60,600
|
$14.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,600
|
$14.16
|
| Taxes |
$7,459
|
$1.74
|
| Operating Expenses |
$31,814
|
$7.43
|
| Total Expenses |
$39,273
|
$9.18
|
| Net Operating Income |
$21,327
|
$4.98
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $60,600 |
| Annual Per SF | $14.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,600 |
| Annual Per SF | $14.16 |
| Taxes | |
|---|---|
| Annual | $7,459 |
| Annual Per SF | $1.74 |
| Operating Expenses | |
|---|---|
| Annual | $31,814 |
| Annual Per SF | $7.43 |
| Total Expenses | |
|---|---|
| Annual | $39,273 |
| Annual Per SF | $9.18 |
| Net Operating Income | |
|---|---|
| Annual | $21,327 |
| Annual Per SF | $4.98 |
Property Facts
| Price | $849,900 | Building Size | 4,280 SF |
| Price Per Unit | $283,300 | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1900 |
| No. Units | 3 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | B-2-Central Business | ||
| Price | $849,900 |
| Price Per Unit | $283,300 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 4,280 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | B-2-Central Business |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Property Taxes
| Parcel Number | 549699183099-1 | Total Assessment | $221,300 |
| Land Assessment | $32,800 | Annual Taxes | $7,459 ($1.74/SF) |
| Improvements Assessment | $188,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
549699183099-1
Land Assessment
$32,800
Improvements Assessment
$188,500
Total Assessment
$221,300
Annual Taxes
$7,459 ($1.74/SF)
Tax Year
2025
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Presented by
New Era Development LLC
1015 W Hamilton St
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