5 Beds
4 Baths
2,760 SqFt
5 Beds
4 Baths
2,760 SqFt
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $208
Subdivision Not In Development
MLS Listing ID 775076
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1900
Annual Tax Amount $4,058
Lot Size 2,221 Sqft
Acres 0.051
Lot Dimensions 18.5 X 120
Property Sub-Type Apartment
Property Description
The property is 100% occupied, providing immediate income from day one. Tenants pay all utilities except water/sewer/trash, keeping landlord expenses low and limited to taxes, insurance, and water/sewer/trash.
Located in the heart of the Old Allentown Historic District, the building offers classic brick exterior charm with high ceilings, while the units have been updated to meet modern tenant expectations. The location provides easy access to local dining, entertainment, and ongoing development in downtown Allentown, supporting long-term rental demand.
The property will be delivered with a clear Certificate of Occupancy from the City of Allentown, adding confidence for buyers. Showings will be limited to accommodate tenants.
Seller is also offering 106 N 8th Street, located just one block away, creating an opportunity for a portfolio purchase.
With strong in-place income, low operating expenses, and a prime location, this property is well suited for investors seeking stable cash flow and long-term performance in a high-demand rental market.
Location
State PA
County Lehigh
Area Allentown-Central
Direction From Route 22, take 7th St (PA-145 S) into Allentown, turn left on Tilghman St, then right on N 8th St. From I-78, take Lehigh St north, connect to Tilghman St west, then right on N 8th St. Property is on the right.
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Total Parking Spaces 7
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Senior Community No
Tax ID 640701216295 1
Special Listing Condition None
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
heather.m@morganelliproperties.com
1124 Linden Street, Bethlehem, Pennsylvania 18018, USA