Allentown PA Multi Family for Sale
$1,450,000
827 W LINDEN Street Allentown City, PA 18101
- Type:
- Investment
- Sq.Ft.:
- 6,100
- Status:
- NEW LISTING
- Beds:
- 11
- Lot size:
- 0.06 Acres
- Year built:
- 1896
- Baths:
- 8.00
- MLS#:
- 751087
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Seven unit Investment property in the heart of Allentown, right near the PPL Center and the new science center. $126,000 gross income now with growth every year. This property offers great options for various tenants, with one large 2-bedroom, 2-bathroom apartment, three spacious 2-bedroom, 1-bathroom units, and three well-designed 1-bedroom, 1-bathroom apartments. All the apartments have been upgraded with brand new kitchens, bathrooms, and flooring. Also a central laundry room for all tenants use. All the amenities of Allentown, including a bevy of restaurants, are within walking distance. Finally, this property is convenient to downtown, including fantastic restaurants and the new science center. Same seller also has two other seven units and a ten unit withing 12 miles of this property. This is a great opportunity to grow your portfolio. This and all properties will be handed over in turnkey condition so nothing for you to do but place your money and watch it grow. There is property management in place that you can keep on for seamless transition. One of the owners is a licensed real estate agent
$1,350,000
39 11TH Street Allentown City, PA 18101
- Type:
- Investment
- Sq.Ft.:
- 5,604
- Status:
- NEW LISTING
- Beds:
- 9
- Lot size:
- 0.11 Acres
- Year built:
- 1890
- Baths:
- 7.00
- MLS#:
- 751096
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
We are excited to announce the availability of an income property in the heart of Allentown. In this up-and-coming area, this seven-unit gem is a great addition to any investment portfolio. $114,000 gross income and will be able to go up every year. This property has updated kitchens, hardwood floors, six apartments have high efficiency heat pumps for heat and AC and split-units for heating and air conditioning in the carriage house. Plus, two basements can also be rented. The propertyâ??s lovely courtyard is a great outdoor space for tenants, and the top two apartments offer balconies with great views. Finally, this property is convenient to downtown, including fantastic restaurants and the new science center. Same seller also has another seven unit and a ten unit withing 12 miles of this property. This is a great opportunity to grow your portfolio. One of the owners is a licensed real estate agent
- Type:
- Investment
- Sq.Ft.:
- 2,564
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.05 Acres
- Year built:
- 1901
- Baths:
- 4.00
- MLS#:
- 750467
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
3-unit recently renovated apartment building for rent in desirable downtown Allentown. This building sits in a prime location that is currently being under-utilized. The front building has two units - unit one is a studio/one bedroom apartment that is currently leased, ending mid-April 2025. Unit two is currently month to month. The rear two-story building holds a large garage with separate entrances that is not currently leased. The upstairs unit is set up as an apartment and currently zoned as a commercial unit by the City. It has a tenant and a back-up tenant for the space. This property has great potential to substantially increase its value due to its location, current rents, utility charges and the explosive growth in downtown Allentown. There are a total of four income streams for this property. This is CURRENTLY a 9.5 CAP RATE with garage rented and room to grow!
$1,000,000
211 W TURNER Street Allentown City, PA 18101
- Type:
- Investment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Year built:
- 1912
- Baths:
- 5.00
- MLS#:
- 749573
- Subdivision:
- Fountain Park
ADDITIONAL INFORMATION
Welcome to W Turner St, these two buildings have been recently approved for new additional units to be built along with 4 newly renovated cash flowing apartments currently occupied. There are four apartments in 207-209, three apartments are a 2 bedroom with one bathroom, the fourth apartment is a 2 bedroom with 2 full bathrooms. The units on 207 have larger exterior balconies while the two apartment son 209 have smaller, standing room only balconies. The city has approved an additional 5th apartment for the ground floor of 207-209 along with a laundry room for all tenants to utilize (we planned on coin operated laundry). The building next door is also a part of the property (2 buildings on one deed and one water line), and the city has approved this building for conversion into a side by side duplex, each unit will be a 2 bedroom one bathroom. The existing 4 apartments have mini split units for max efficiency with heating and cooling, 3 heads per apartment. There is no gas in the buildings, everything to operate off electricity. There have been extensive renovations to the building in recent years and now the final phase is ready to begin. All of the leg work has been completed with the city zoning departments and engineering plans, the construction is ready to begin. When the three new units are built out, you will have a portfolio addition of 7 doors, 4 of which are already operating.
- Type:
- Investment
- Sq.Ft.:
- 1,800
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.03 Acres
- Year built:
- 1880
- Baths:
- 1.00
- MLS#:
- 749218
- Subdivision:
- Old Allentn Historic
ADDITIONAL INFORMATION
Great Opportunity to be a part of the Revitalization of Allentown. Located right in the heart of it all is this 4 Bedroom 1 Bath Home ready for your vision and final touches. This home is ready to produce for You. Come See It Today!!
- Type:
- Investment
- Sq.Ft.:
- 20,042
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 746302
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Location!! Don't miss the prime re-developemnt opportunity! Great opportunity to be part of the downtown Allentown revitalization and own a property in the NIZ (Neighborhood Improvement Zone). This building consists of 4 floors and a full basement. Each floor is approximately 5,000 SF for a total of 20,042 SF above grade and additional approximately 5,000 SF below grade which is mostly finished space. Great building for a Residential Conversion on the 3 upper floors leaving a 5,000 SF commercial space on the first floor 10,000 with the full basement. This building also could be great office building as well as other uses zoning is B-2. Located in the NIZ Improvement Zone and Opportunity Zone and directly in the heart of over 1 Billion Dollars of development. Across the street from the new PPL Event Center, Da Vinci Science Center, Restaurants, Retail, Nightlife, and so much more. This property is a must see!
- Type:
- Investment
- Sq.Ft.:
- 1,256
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.04 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 743607
- Subdivision:
- Old Allentn Historic
ADDITIONAL INFORMATION
Welcome to this unique and versatile property in the heart of Allentown, PA! This two-unit home offers endless possibilities with a commercial space on the first floor and an apartment upstairs. Located within walking distance to everything Allentown has to offer, you'll never have to go far for dining, shopping, or entertainment. The convenience of off-street parking adds to the appeal of this property. Whether you're looking for an investment opportunity or a place to call home while running a business, this property is ready for its next owner. Property is fully occupied and leases will transfer to the new landlord. Don't miss out on this rare find in Allentown - schedule your showing today!
- Type:
- Investment
- Sq.Ft.:
- 1,022
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.02 Acres
- Year built:
- 1890
- Baths:
- 1.00
- MLS#:
- 734052
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
ATTENTION INVESTORS! SEMI-DETACHED THREE BEDROOM TWIN ready for new Investor! Tenant pays all utilities including water, sewer and trash. Property is being sold "as is" and buyer will assume responsibility for completing City of Allentown CO requirements. Great rate of return on your investment with this monthly rental of $1595 and your tenant paying all utilities.
$1,395,000
157 HAMILTON Street Allentown City, PA 18101
- Type:
- Investment
- Sq.Ft.:
- 15,729
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1890
- Baths:
- MLS#:
- 730452
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Here's your chance to be part of the Downtown Allentown Redevelopment!! This 15,729 Sq. Ft. 3 story commercial building is located between both revitalization areas of Allentown - Center City and The Waterfront. 1st floor has 12' ceilinged a freight elevator. 2nd floor has 10.5' ceilings and the 3rd floor has 9' ceilings. Great opportunity for a business owner or investor!. New mural on side of building! This property is a must see!
$1,990,000
101 N 8TH Street Allentown City, PA 18101
- Type:
- Investment
- Sq.Ft.:
- 7,335
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.11 Acres
- Year built:
- 1900
- Baths:
- 11.00
- MLS#:
- 730450
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Seller financing available! Location - it doesn't get any better than this!! This investment opportunity consists of 11 fully renovated units (7) Residential Units and (4) Commercial Units. All units have been fully renovated including all the common areas and exterior. All units have electric heat and air conditioning and electric hot water - all units have separate utilities. Each of the 7 Residential Units have Electric Mini-Splits for heating and cooling, 2 Commercial units have Mini Splits, and 2 have Heat Pumps. All exterior and common areas are monitored by security cameras and internet is included w/ all of the tenants rent. Newly installed laundry room in basement features coin operated washer/dryers. Located in the NIZ Improvement Zone and Opportunity Zone and directly in the heart of over 1 Billion Dollars of development. Across the street from the new PPL Event Center, Da Vinci Science Center, Restaurants, Retail, Nightlife, and so much more. This property is a must see!
- Type:
- Investment
- Sq.Ft.:
- 10,021
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 730446
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Location! Great opportunity to be part of the downtown Allentown revitalization and own a property in the NIZ (Neighborhood Improvement Zone). This opportunity which includes both 623 and 625 Hamilton Street is just steps from the new PPL Arena and surrounded by over 1 Billion Dollars of new development. The rear of the property backs up directly onto the new Arts Walk. Owner has approved plans to add 8 Units to the upper floors. Owner has secured national tenant for 1 of the 4 potential commercial spaces on first floor. National tenant paying $3000/Month. Don't miss the prime re-developemnt opportunity. This property is a must see!
$2,449,000
134 7TH Allentown City, PA 18101
- Type:
- Investment
- Sq.Ft.:
- 12,214
- Status:
- Active
- Beds:
- 17
- Lot size:
- 0.15 Acres
- Year built:
- 1900
- Baths:
- 14.00
- MLS#:
- 729724
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Property sold with Clear CO!! Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate whatâ??s existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown. This property is a must see!
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Allentown Real Estate
The median home value in Allentown, PA is $241,400. This is lower than the county median home value of $284,100. The national median home value is $338,100. The average price of homes sold in Allentown, PA is $241,400. Approximately 38.51% of Allentown homes are owned, compared to 54.18% rented, while 7.31% are vacant. Allentown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Allentown real estate agent to arrange a tour today!
Allentown, Pennsylvania 18101 has a population of 125,250. Allentown 18101 is less family-centric than the surrounding county with 24.36% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Allentown, Pennsylvania 18101 is $47,703. The median household income for the surrounding county is $69,440 compared to the national median of $69,021. The median age of people living in Allentown 18101 is 31.9 years.
Allentown Weather
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 19.8 degrees. The average rainfall is approximately 46.6 inches per year, with 29.2 inches of snow per year.