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Heather McFadden

heather.m@morganelliproperties.com +1(610) 360-1137

$ 437,800

Est. payment | -/mo

5 Beds

3 Baths

2,112 SqFt

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$ 437,800

Est. payment | -/mo

Save

5 Beds

3 Baths

2,112 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 2,112 sqft

Price per Sqft $207

Subdivision Not In Development

MLS Listing ID 779067

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1900

Annual Tax Amount $4,629

Lot Size 1,785 Sqft

Acres 0.041

Property Sub-Type Apartment

Property Description

Just reduced! 4 unit investment property.. Potential gross income $57,000 with a potential net income of $46700. Three apartments plus a large basement and garage to be rented, basement only 2 steps down. An exceptional real estate investment opportunity awaits with this all-brick, three-story multi-family apartment building perfectly situated in the heart of Central Allentown. This well-maintained property features a total of four spacious units, offering a versatile mix of a 2-bedroom layout, two 1-bedroom configurations, and a lower-level basement and garage space primed for additional rental income. Boasting an impressive projected gross annual income of $57,000 and a strong R-MH zoning code, this building comes equipped with efficient electric baseboard heating and five convenient on- and off-street parking spaces.Location is everything, and this property puts tenants right in the center of a thriving, high-demand rental market. Residents will enjoy incredible walkability and seamless access to Allentown's vibrant, revitalized downtown, packed with diverse dining, local shopping, and entertainment. The building is just minutes from excellent public parks, community cultural centers, and robust local employment hubs. With its close proximity to major highways and public transportation, it offers an effortless commute throughout the entire Lehigh Valley. Perfect for investors looking to expand their portfolio, this property presents a solid, reliable stream of revenue from day one in one of the city's most convenient neighborhoods.

Location

State PA

County Lehigh

Area Allentown-Central

Direction Follow American Parkway into Hamilton Street. Proceed down Hamilton Street for several blocks toward the center of town. Turning toward the Property: right turn onto North 4th Street.then make a left turn onto West Allen Street.

Interior

Heating Baseboard, Electric

Cooling None

Fireplace No

Exterior

Parking Features Detached, Garage

Water Access Desc Public

Total Parking Spaces 5

Garage Yes

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Allentown

Others

Senior Community No

Tax ID 640713198921-1

Special Listing Condition None

Listed by Steel City Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 360-1137

heather.m@morganelliproperties.com

1124 Linden Street, Bethlehem, Pennsylvania 18018, USA

437 Allen ST Allentown City, PA 18102

Heather McFadden

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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437 Allen ST