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Great opportunity to own a well-maintained 2-unit investment property in the desirable Park Terrace subdivision on Allentown's South Side. This building features two spacious 2-bedroom, 1-bath units"”each with its own washer and dryer, separate electric heat, and private entrances. The first-floor unit offers easy access and a practical layout, while the second-floor unit enjoys a private balcony"”perfect for relaxing or entertaining. With two dedicated off-street parking spots, this property provides convenience for tenants and owners alike. Whether you're looking to expand your portfolio or begin your investment journey, this turnkey property can deliver great income with a projected cap rate of 6.4%. Tenants pay their own electric, keeping operating expenses low. Located minutes from parks, shops, schools, and major roadways, this property offers strong rental appeal in a high-demand area. Don't miss your chance to invest in a solid, income-generating asset in the heart of Allentown.
| DAYS ON MARKET | 5 | LAST UPDATED | 6/12/2025 |
|---|---|---|---|
| TRACT | Parkway Terrace | YEAR BUILT | 1984 |
| COMMUNITY | Allentown-South | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-South |
| CONSTRUCTION | Brick |
| EXTERIOR | Balcony |
| HEAT | Baseboard, Electric |
| LOT | 0 |
| PARKING | Driveway, Off Street, On Street |
| SEWER | Public Sewer |
| SUBDIVISION | Parkway Terrace |
| TAXES | 4971 |
| UTILITIES | Cable Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Better Homes&Gardens RE Valley
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This IDX solution is (c) Diverse Solutions 2025.
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