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1015 W Hamilton Street, Allentown, PA 18101 (MLS# PM-138546)

1015 W Hamilton Street, Allentown, PA 18101

$849,900
Property Type: Commercial Sale Square Footage: 4,280 Lot Size (sq. ft.): 4,095 Status: Active
Current Price: $849,900 List Date: 1/28/2026 Last Modified: 3/15/2026

Overview

Description

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, two bedrooms, an updated full bathroom, and a spacious eat-in kitchen with tile floors. The third-floor unit is a vacant one-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!

Listing Details MLS# PM-138546

General Property Information

Above Grade Finished Area
4280
Building Area Total
4280
Building Area Source
Public Records
Stories
3
Year Built
1900
Year Built Source
Public Records
Garage YN
No
Carport YN
No
Open Parking YN
Yes
Lot Size Acres
0.094
Water Body Access YN
No
List Price/SqFt
198.57
Below Grade Finished Area
0
Open Parking Spaces
0

Property Features

Special Listing Conditions: Standard Listing Terms: Cash; Conventional Owner Pays: Water; Sewer; Taxes; Roof Maintenance; Management Tenant Pays: Electricity; Gas; Hot Water; Pest Control Income Includes: Rent Only Operating Expense Includes: Insurance; Manager; Water/Sewer Possession: Close Of Escrow; Negotiable Structure Type: Mixed Use Current Use: Commercial; Residential; Mixed Use Possible Use: Commercial; Residential Business Type: Deli/Catering; Fast Food; Food & Beverage; Grocery; Restaurant; Convenience Store; Gift Shop; Retail Building Features: Fixtures Included; Private Restrooms Flooring: Ceramic Tile; Laminate; Tile; Vinyl Construction Materials: Brick; Stucco; Vinyl Siding Roof: Asphalt; Fiberglass Cooling: Central Air Heating: Forced Air; Natural Gas Water Source: Public Sewer: Public Sewer Parking Features: Parking Lot; On Street Road Surface Type: Paved Road Responsibility: Public Maintained Road Water Body View: No

Contract Information

Property Sub Type
Apartment
Property Attached YN
Yes
Rent Control YN
No
Listing Contract Date
2026-01-24
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Lehigh
Street Number
1015
Street Direction Prefix
W
Street Name
Hamilton
Street Suffix
Street
City (Post Office)
Allentown
State
PA
Postal Code
18101
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
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, two bedrooms, an updated full bathroom, and a spacious eat-in kitchen with tile floors. The third-floor unit is a vacant one-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!

Unit Details

Number Of Units Leased
2

More Information

Income and Expenses

Gross Income
60600
Net Operating Income
28786
Total Actual Rent
41400
Annual Total Expense
31814
Insurance Expense
5500
Manager Expense
4800
Electric Expense
35
Sewer Expense
800
Water Expense
800

Location, Tax, and Legal

Parcel Number
02 07 H09NE1A 004 003
Municipality
Allentown City
High School District
Allentown City
County Tax Amount
836.51
Municipal Tax Amount
1611.44
School Tax Amount
5010.9
Tax Annual Amount
7458.85
Tax Assessed Value
221300
Tax Year
2025
Tax Map Number
549699183099001
Deed Recording Date
2006-08-01
Tax Legal Description
Property Address: 1015 W Hamilton St /Tile Number: 465904B/School District: Allentown School District
Zoning Description
Other
Land Lease YN
No

Currently Not Used

Number Of Units Total
3

Business Type

Deli/Catering
Yes
Fast Food
Yes
Food & Beverage
Yes
Grocery
Yes
Restaurant
Yes
Convenience Store
Yes
Gift Shop
Yes
Retail
Yes

Special Listing Conditions

Standard
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Owner Pays

Water
Yes
Sewer
Yes
Taxes
Yes
Roof Maintenance
Yes
Management
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Hot Water
Yes
Pest Control
Yes

Income Includes

Rent Only
Yes

Operating Expense Includes

Insurance
Yes
Manager
Yes
Water/Sewer
Yes

Oil, Gas and Mineral Rights

Property Subject To Lease
No

Possession

Close Of Escrow
Yes
Negotiable
Yes

Structure Type

Mixed Use
Yes

Current Use

Residential
Yes
Commercial
Yes
Mixed Use
Yes

Possible Use

Residential
Yes
Commercial
Yes

Building Features

Fixtures Included
Yes
Private Restrooms
Yes

Flooring

Ceramic Tile
Yes
Laminate
Yes
Tile
Yes
Vinyl
Yes

Construction Materials

Brick
Yes
Stucco
Yes
Vinyl Siding
Yes

Roof

Asphalt
Yes
Fiberglass
Yes

Cooling

Central Air
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

Parking Lot
Yes
On Street
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes

Water Body View

No
Yes
Listing Office: Keller Williams Real Estate - Northampton Co
IDX
Last Updated: March - 15 - 2026
Information deemed reliable but not guaranteed.