614 N 8th ST, Allentown City, PA 18102
614 N 8th ST, Allentown City, PA 18102
614 N 8th ST, Allentown City, PA 18102
614 N 8th ST, Allentown City, PA 18102
614 N 8th ST, Allentown City, PA 18102
614 N 8th ST, Allentown City, PA 18102
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Heather McFadden

Heather McFadden

+1(610) 360-1137
$ 375,000
Est. payment | /mo

5 Beds

3 Baths

2,316 SqFt

Save
$ 375,000
Est. payment | /mo
Save

5 Beds

3 Baths

2,316 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 2,316 sqft

Price per Sqft $161

Subdivision Not In Development

MLS Listing ID 782273

Bedrooms 5

Full Baths 3

Construction Status Unknown

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,558

Lot Size 2,003 Sqft

Acres 0.046

Property Sub-Type Apartment

Property Description

*Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. The first floor unit is recently vacant and renovated with newer appliances. The unit was being rented for $1500. The occupied second unit offer a spacious renovated 3-bedroom/2-full baths spread between 2nd and 3rd floors. This unit which consists of a practical kitchen and laundry hook ups, is being rented for $1,785. It offers a total net income of $39,420 resulting in an impressive cap rate over 10%! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Owner is moving out of state and has really invested in this property especially with renovations in the first floor unit and recent complete roof replacement in 2026. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success!

Location

State PA

County Lehigh

Area Allentown-Central

Direction W on Tilghman - L on 7th - R on Allen - R on 8th

Interior

Heating Baseboard, Electric

Cooling None

Fireplace No

Exterior

Parking Features Parking Pad

Utilities Available Cable Available

Water Access Desc Public

Total Parking Spaces 2

Building

Story 3

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Allentown

Others

Senior Community No

Tax ID 549793233003 1

Security Features Smoke Detector(s)

Special Listing Condition None

Listed by Coldwell Banker Hearthside

Nearby Locations

Heather McFadden

"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

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614 N 8th ST