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Historic Allentown Legal 2-Family - Clean Setup, Strong Returns. Legally zoned 2-family residence with long-term ownership (nearly 30 years). This well-maintained property includes: Main House: 4-5 bedrooms across three levels + full basement. Estimated rent: $1,900/month. Rear Unit: Detached 2-bedroom with private entrance from the back street. Currently rented at $650/month, tenant pays all utilities. (Rent is below Market Value). Cap Rate: 10.6% based on $240,000 asking price. Backyard is fully decked for low-maintenance shared outdoor space. Separate entrances and utilities create a clean, efficient two-unit setup ideal for any investor looking for strong returns with upside potential.
| DAYS ON MARKET | 1 | LAST UPDATED | 6/7/2025 |
|---|---|---|---|
| TRACT | Old Frgrnds Historic | YEAR BUILT | 1900 |
| COMMUNITY | Allentown-Central | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Allentown |
|---|
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-Central |
| CONSTRUCTION | Brick, Vinyl Siding |
| LOT | 1481 sq ft |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Old Frgrnds Historic |
| TAXES | 2244.84 |
| WATER | Public |
| ZONING | R-MH |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Coldwell Banker Hearthside
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