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PRICE $379,000 dsIDX morgage calculator
SIZE 2,564 sqft
LOT SIZE 2,222 sqft
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3-unit recently renovated apartment building for rent in desirable downtown Allentown. This building sits in a prime location that is currently being under-utilized. The front building has two units - unit one is a studio/one bedroom apartment that is currently leased, ending mid-April 2025. Unit two is currently month to month. The rear two-story building holds a large garage with separate entrances that is not currently leased. The upstairs unit is set up as an apartment and currently zoned as a commercial unit by the City. It has a tenant and a back-up tenant for the space. This property has great potential to substantially increase its value due to its location, current rents, utility charges and the explosive growth in downtown Allentown. There are a total of four income streams for this property. This is a 9.5 CAP RATE with garage rented and room to grow!

DAYS ON MARKET 92 LAST UPDATED 1/2/2025
YEAR BUILT 1901 COMMUNITY Allentown-Central
COUNTY Lehigh STATUS Active
PROPERTY TYPE(S) Commercial

SCHOOLS
School District Allentown


ADDITIONAL DETAILS
AIR Window Unit(s)
AIR CONDITIONING Yes
AREA Allentown-Central
LOT 2222 sq ft
LOT DIMENSIONS 17.65x125
SEWER Public Sewer
WATER Public
ZONING B-2-CENTRAL BUSINESS
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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*Estimate only
Listed with Keller Williams Northampton
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This IDX solution is (c) Diverse Solutions 2025.


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