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Two-unit income property in South Allentown offering multiple revenue streams and strong return potential. Projected gross annual income of $31,800 from two residential units and two rented garage bays. First-floor one-bedroom, one-bath unit with in-unit laundry is currently vacant, giving flexibility for an owner-occupant or immediate tenant placement at market rent. Second-floor one-bedroom, one-bath unit is tenant-occupied. Based on projected market rents, investors could see cap rates in the 7%-9% range and cash-on-cash returns approaching 7% with standard financing. Located minutes from Route 78, major roadways, shopping, and dining.
| DAYS ON MARKET | 7 | LAST UPDATED | 8/10/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1890 |
| COMMUNITY | Allentown-South | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-South |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Natural Gas |
| LOT | 3485 sq ft |
| LOT DIMENSIONS | 3485.0 |
| PARKING | Detached, Garage, Off Street, Parking Pad, On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Not in Development |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Real Estate of America
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