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PRICE IMPROVEMENT!! LOCATION is key in REAL ESTATE. Take advantage of this amazing investment opportunity, located in the CITY OF ALLENTOWN'S Business District!!! This COMPLETELY RENOVATED 3 level Mixed Use property (commercial/residential) is on the market and it can be yours. For those in the know, the Commercial market in Allentown has taken off. Are you ready to join the movement ? With the rental market continuing to flourish in this sector, it is a sound long term investment. The property is located within the center of Allentown that includes the PPL Center, Newly built luxury condos, coffee shops, trendy hotels , eateries. The building has been completely renovated. The Brick facade of this property has been professionally and meticulously redone. The interior of the store has been well kept by its long term tenant. Get ready to be impressed by the spectacular renovation of the two story apartment. The renovation includes new drywall, fresh paint, flooring , electric, plumbing, heating, crown molding, stair cases, windows, roof, and rear exterior staircase that leads to the backyard. That is not all, the state of the art kitchen and modern bathroom would be appreciated by all savvy investors as well. Welcome to your fully occupied next Real Estate investment, here it is. Income: $48600 ...will increase to $49,200 early next year once the escalating lease goes into affect. The tenants pay ALL utilities.
| DAYS ON MARKET | 92 | LAST UPDATED | 9/8/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1900 |
| COMMUNITY | Allentown-Central | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Aug 22, '25 | $669,000 |
|---|---|
| Aug 22, '25 - Sep 8, '25 | $639,000 |
| Sep 8, '25 - Today | $589,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s), Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-Central |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Natural Gas |
| LOT | 2222 sq ft |
| LOT DIMENSIONS | 20 X 120 |
| PARKING | No Garage |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Not in Development |
| TAXES | 3903.32 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with BHHS Fox & Roach - Allentown
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