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Immediate income with upside: this cashflowing, fully rented 9-unit mixed-use brick property is offered with a clear Certificate of Occupancy from the City"”no work required. Situated on a visible corner in the desirable West End, this turn-key investment features a balanced mix of residential, commercial, and garage income streams. The property includes (2) true two-bedroom apartments, (1) studio/one-bedroom apartment, a long-term updated nail salon tenant, and (5) single-bay garages. Current Gross Income is $57,660 with Operating Expenses of only $9,901, producing an Actual Net Operating Income of $47,759 @ full occ, self-managed. Projected Gross climbs to $67,560. Residential units feature hardwood floors and solid layouts, while the commercial space is updated, attractive, and leased to a reliable long-term tenant. Additional upside potential exists by converting the large basement workroom into tenant storage and coin-operated laundry, further increasing revenue. With durable brick construction, efficient expense structure, diversified income from apartments, commercial, and garages, and compliance already cleared with the city, this property offers investors immediate cash flow, minimal risk, and long-term appreciation. A rare opportunity to acquire a stabilized, high-performing West End Allentown investment with upside built in.
| DAYS ON MARKET | 77 | LAST UPDATED | 9/5/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1910 |
| COMMUNITY | Allentown-West | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Sep 5, '25 | $589,000 |
|---|---|
| Sep 5, '25 - Today | $588,900 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-West |
| CONSTRUCTION | Brick |
| HEAT | Baseboard |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 2160.0 |
| PARKING | Garage |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Not in Development |
| TAXES | 4235 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with EXP Realty LLC
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
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