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This fully occupied 2-unit multifamily generates $41,160 Gross, $35,063 Net, 9% Cap @ asking, a turnkey investment opportunity in the heart of Allentown. Delivered with a clear CO, this solid brick property is stabilized & producing income from day one. The 1st-floor 2BR apartment features front & rear entrances & includes garage rental income, while the second & third floors combine to form a spacious 3BR unit. Both apartments feature updated finishes, modern vinyl flooring (no carpets), & in-unit laundry that provides additional revenue. Tenants are responsible, leases are in place, & the building is in strong rental demand due to its location & walkability. Built in 1894, the property boasts character & charm, blending classic brick construction with low-maintenance upgrades. Comparable sales & proven performance strongly support the price, with potential upside in future rent growth. Perfect for investors seeking steady cash flow or an owner-occupant looking to live nearly rent-free. With minimal expenses, reliable tenants, & a strong income stream, this is a rare chance to own a stabilized multifamily with excellent returns. Ideally located near Route 22, 78, & 309, the property offers access to major highways, retail corridors, & downtown Allentown's growing business & entertainment scene. Surrounded by top hospitals, universities, & the region's booming logistics & warehouse industry, the property benefits from strong economic drivers & consistent tenant demand.
| DAYS ON MARKET | 46 | LAST UPDATED | 9/26/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1894 |
| COMMUNITY | Allentown-Central | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-Central |
| CONSTRUCTION | Brick |
| HEAT | Baseboard |
| LOT | 2047 sq ft |
| LOT DIMENSIONS | 2031.0 |
| PARKING | On Street, Garage |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Not in Development |
| TAXES | 2477 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with EXP Realty LLC
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This IDX solution is (c) Diverse Solutions 2025.
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