Allentown PA Multi Family for Sale
- Type:
- Investment
- Sq.Ft.:
- 2,404
- Status:
- NEW LISTING
- Beds:
- 5
- Year built:
- 1905
- Baths:
- 5.00
- MLS#:
- 748083
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential! Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces. Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy. High Demand Rental Market: Allentown is growing, and thereâ??s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline. Efficient Management and Turnover: This propertyâ??s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels. Value-Add Potential: Minor upgrades could boost rents and enhance property value. Strong Market Fundamentals: Allentownâ??s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base. This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.
- Type:
- Investment
- Sq.Ft.:
- 1,890
- Status:
- NEW LISTING
- Beds:
- 5
- Year built:
- 1914
- Baths:
- 2.00
- MLS#:
- 748104
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
This fully-occupied 2-unit property is perfect for investors or those seeking an owner-occupied option with great income potential. Unit 2, a recently renovated 3-bedroom, is currently rented for $1,400 per month and would also make an excellent option for an owner-occupant. Unit 1 is a 1-bedroom leased at $1,000 per month, providing steady rental income. Both units feature baseboard electric heating and electric hot water, and rents are currently below market value, offering significant room for growth. Conveniently located near the heart of Allentown, this property guarantees reliable rental income with the potential for even more. Donâ??t miss out on this lucrative investment opportunity!
- Type:
- Investment
- Sq.Ft.:
- 1,022
- Status:
- NEW LISTING
- Beds:
- 2
- Lot size:
- 0.04 Acres
- Year built:
- 1880
- Baths:
- 1.00
- MLS#:
- 748010
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Attention investors! This Allentown row home is a prime opportunity with all the big-ticket updates already done, making it an easy addition to your portfolio. With a rental potential of approximately $1,695/month, this property is positioned to be a reliable cash flow generator. Tax and insurance for this property are only $145 per month, and budgeting for 5% vacancy and $1000 per year in maintenance, the NOI on this is $16,526 per year - an 11% CAP RATE! Delivered vacant and ready for new tenant! Key renovations include a new roof (2024), an updated electrical system, a modern kitchen featuring granite countertops, soft-close cabinets, and durable vinyl flooring on the main level. The second and third floors have brand new carpet, and the entire home is freshly painted. Additional upgrades include new front and rear doors and a newer oil boiler, making it move-in ready and efficient through the colder months. The private backyard offers valuable outdoor space for tenants â?? a rare perk in city living! Whether youâ??re a first-time investor or looking to expand your portfolio, this property offers low-maintenance appeal with solid rental returns. Donâ??t miss out on this cash-flowing asset!
- Type:
- Investment
- Sq.Ft.:
- 3,876
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.03 Acres
- Year built:
- 1885
- Baths:
- MLS#:
- 747103
- Subdivision:
- Old Allentn Historic
ADDITIONAL INFORMATION
Welcome to this 4-unit mixed-use Investment Property. The 3 residential units are fully occupied and consist of two, 1BR units that are above the commercial space at 401 N 8th, and a 4BR SFH at 403 N 8th St, all on one parcel. The commercial space is undergoing final renovations and has a tenant lined up for January 2025, making this a prime turnkey investment for someone to begin investing or expand on their current portfolio. Minimal expenses and a high demand location make this property an opportunity to invest in Allentown's thriving rental market.
- Type:
- Investment
- Sq.Ft.:
- 986
- Status:
- NEW LISTING
- Beds:
- 3
- Lot size:
- 0.02 Acres
- Year built:
- 1900
- Baths:
- 1.00
- MLS#:
- 747930
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Want to be a Real Estate investor? Here is a great opportunity to own a 3 Bedroom 1 Bath Allentown Row home that is waiting for the right buyer. Great rental property and money maker that is currently rented for $1445/Month. Minutes from major highways. This property is a must see!
- Type:
- Investment
- Sq.Ft.:
- 1,992
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1914
- Baths:
- MLS#:
- 746874
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Property consists of 3 one bedroom apartments (one is a well set up studio) with efficient gas heat in the building. All tenants are long term and pay consistently without issue. Add this cash flowing 3 unit property to your portfolio today. All 3 units are occupied with long term tenants on month to month leases if you need to occupy one for yourself as a live in owner. Owner of property is PA licensed real estate agent.
- Type:
- Investment
- Sq.Ft.:
- 1,140
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.02 Acres
- Year built:
- 1893
- Baths:
- MLS#:
- 747219
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Great Investment Opportunity in Center city Allentown whether you're a first time investor or a seasoned investor looking to add to your portfolio. This well-maintained, fully occupied investment offers great income with the potential for more. The first floor unit is a 1 bedroom with a finished basement which includes a washer/dryer. The 2nd floor unit is a potential 3 bedroom with a balcony. Tenants pay their own gas heat and electric. Both tenants are month to month and rents are currently below market, potential net earnings of 30K. Property is being sold with a Clear Certificate of Occupancy from City of Allentown!! Please allow 24 hrs before showings
$350,000
27 N 15TH Allentown City, PA 18102
- Type:
- Investment
- Sq.Ft.:
- 3,225
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.05 Acres
- Year built:
- 1910
- Baths:
- 4.00
- MLS#:
- 747067
- Subdivision:
- West Park Historic
ADDITIONAL INFORMATION
Potential Investor Delight! Old world style home ready to be sold by its loving owners for the last twenty years in Allentown's West Park Historical District!! This house boasts: five bedrooms, beautiful hardwood floors on second floor, and additional kitchen and entrance on 2nd level. Lower level is heated and has a built in bar; 1/2 bath; and washer and dryer. Water heater and furnace are newer. Plus this home has a small outdoor patio to enjoy the outdoors. Whether you are looking to make this your home for a big family or live on one floor and rent the other its perfect for just about anyone.
- Type:
- Investment
- Sq.Ft.:
- 1,989
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.03 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 746248
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Introducing a fantastic investment opportunity. This well-maintained two-family home is awaiting its next owner. This property provides convenience and potential for strong rental income. Schedule your showing today.
$1,100,000
826 N 9TH Street Allentown City, PA 18102
- Type:
- Investment
- Sq.Ft.:
- 6,020
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1904
- Baths:
- MLS#:
- 745911
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
ATTENTION INVESTORS! Large NINE UNIT consisting of 1-three bedroom unit, 2-two bedroom units, and 6-one bedroom units. Most utilities are paid for by the tenants other than hot water/sewer and tenants pay a small portion on units where gas heat and cooking is not separated. All Tenants pay for monthly trash. Tenants pay a total gross rents of $113,520 plus $4,380 annually towards trash removal. Property is located across from local elementary school and conveniently located to Route 22 and local shopping. Property is being sold "as is" NOTE: Property can be purchased as a package with MLS#745909
- Type:
- Investment
- Sq.Ft.:
- 5,143
- Status:
- Active
- Beds:
- 12
- Lot size:
- 0.06 Acres
- Year built:
- 1904
- Baths:
- 5.00
- MLS#:
- 745909
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
ATTENTION INVESTORS- FIVE UNIT BUILDING -1411-1411.5 West Liberty Street is a great cash flowing property that you should make the next addition to your investment portfolio! Units consist of a 1-FOUR BEDROOM HOUSE, 1-THREE BEDROOM HOUSE, A STUDIO APARTMENT and 2-TWO BEDROOM REAR UNITS! Gross rental income $65,700 plus $2700 annually for trash and tenants pay all utilities other than water/sewer.. Property is being sold "as is" and buyer will be responsible for the city of Allentown CO repairs. Note:Property can be purchased as a package with MLS#745911
- Type:
- Investment
- Sq.Ft.:
- 1,344
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.04 Acres
- Year built:
- 1892
- Baths:
- 1.00
- MLS#:
- 745584
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Looking for a smart investment with great potential? This 3-bedroom, 1-bath detached home in Allentown, PA, offers an incredible opportunity for investors willing to put in some work. The property features a spacious kitchen and an open-concept living and dining room, perfect for creating a modern, inviting space for future tenants. The private backyard provides additional value, with the potential to be transformed into an outdoor oasis. While the home does need some repairs and updates, itâ??s priced to sell and can become a standout rental or resale property in the right hands. Plus, with low annual taxes under $1,600, this is a low-cost investment thatâ??s hard to beat. CLEAR CO PROVIDED **WHOLE PORTFOLIO AVAILABLE** see MLS 745574, 745592, 745583, 745950 Situated close to Allentownâ??s thriving amenities, this property offers renters easy access to parks, restaurants, shopping, and entertainment. Allentown is a city on the rise, with a revitalizing downtown and strong demand for affordable housing. Its central location near major highways and larger cities like Philadelphia and New York adds to the investment appeal, making this home a great option for both short-term and long-term gain.
- Type:
- Investment
- Sq.Ft.:
- 1,174
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.1 Acres
- Year built:
- 1895
- Baths:
- 2.00
- MLS#:
- 745740
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Large TWO BEDROOM TWIN conveniently located to all of Allentown's shopping and restaurants with major highways nearby. Enjoy an updated kitchen with new cabinets and flooring. Extra storage in the rear shed. Property was recently city inspected and approved. Schedule your showing today.
- Type:
- Investment
- Sq.Ft.:
- 1,980
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.03 Acres
- Year built:
- 1915
- Baths:
- 2.00
- MLS#:
- 745109
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Well maintained 2-unit apartment building all brick construction consisting of 1 bedroom first floor apartment with use of the basement and access to nice sized yard and covered front porch. there is a 3-bedroom unit on the 2nd and 3rd floors, both units have been updated and maintained, 3 bedrooms apartment currently vacant and 1st floor rent priced under market value. Wonderful opportunity for investor or live in Owner.
- Type:
- Investment
- Sq.Ft.:
- 1,484
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.03 Acres
- Year built:
- 1898
- Baths:
- 1.00
- MLS#:
- 744996
- Subdivision:
- Old Frgrnds Historic
ADDITIONAL INFORMATION
Don't miss out on this updated 3 bed 1 bath home in the developing City of Allentown! This property is located minutes from Route 22 and I-78 and has so much to offer including updated flooring, a modern bathroom, an updated kitchen, as well as a covered front porch. It's also across the street from a family friendly park. This would make a great purchase for a first time home buyer or an investor looking for a turn key property. Make your appointment today!
- Type:
- Investment
- Sq.Ft.:
- 774
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.01 Acres
- Year built:
- 1911
- Baths:
- 2.00
- MLS#:
- 744847
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
This will be sold with 830 Eliger for a total of $289900 which is an Awesome $32000 net on $38400 gross income and Cap rate over 10%! This will come with a CLEAR CO FOR SALE from the city! This listing is for two separate single-family home where the tenants pay all utilities, and both have very low expenses/ low taxes. These properties are in the heart of Allentown close to the waterfront and all the shopping in Downtown Allentown. This area has no shortage of tenants. The tenants want to stay-so nothing to do here but add to or start your portfolio. Both are leased at $1600! Add these to your portfolio with nothing to do-tenants in place.
- Type:
- Investment
- Sq.Ft.:
- 1,822
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.02 Acres
- Year built:
- 1905
- Baths:
- 2.00
- MLS#:
- 744534
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
INVESTMENT PROPERTY IN CENTER CITY ALLENTOWN - This 3 Bedroom 1.5 Bath, 3-Story Row Home features an eat-in kitchen with upgraded flooring and a half-bath on the first floor. Second floor hosts three fully carpeted bedrooms with closet space and a modern full bathroom. Venture to the third floor to find a large, bright room, fully carpeted and ready for any use. Long-term Tenant with new 1 YR Lease - Tenant pays all utilities except trash.
- Type:
- Investment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1903
- Baths:
- 2.00
- MLS#:
- 744002
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Welcome to this 4 bedroom 1.5 bathroom house. This house is rented out for $1500 a month and tenant pays all utilities. Lease is currently month to month and has 2 months security deposit. Collect prorated up to date rent and 2 month security deposit at closing. Walking distance from all new restaurants, stores, and all businesses on Hamilton St. Seller will provide a clear co from city of Allentown at closing.
- Type:
- Investment
- Sq.Ft.:
- 962
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.02 Acres
- Year built:
- 1890
- Baths:
- 1.00
- MLS#:
- 742233
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
solid Allentown Rental Just painted and leased for one year. call me with any questions!
- Type:
- Investment
- Sq.Ft.:
- 3,245
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.07 Acres
- Year built:
- 1900
- Baths:
- 3.00
- MLS#:
- 741895
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Great opportunity!! This two-unit property is now available for sale. The first floor is being used for the dental practice, which features a waiting area, receptionist area, three separated patient areas, one full and one-half baths, a kitchenette area and a private office. The second and third floors are occupied by a 3-bedroom one bathroom apartment. The apartment features a bedroom, kitchen, living room, dining room and full bathroom on the second floor and two additional bedrooms on the third floor. The apartment also features hardwood floors throughout, ceiling fans and recessed lighting. The units have separate electric meters. Additionally, there is off-street parking for up to 4 cars in the rear of the building. There is also a full, clean basement with plenty of storage space. Many potential uses for the office space; Great location near the PPL Center. Comes with a clear CO! Property is also listed as commercial, see MLS #739146.
$525,000
502 N 8TH Allentown City, PA 18102
- Type:
- Investment
- Sq.Ft.:
- 4,425
- Status:
- Active
- Beds:
- 7
- Lot size:
- 0.11 Acres
- Year built:
- 1880
- Baths:
- 4.00
- MLS#:
- 740432
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Unlock the doors to a prime investment with this detached 4-unit building, perfectly situated on a generously sized lot. Recently enhanced with a brand new roof, this property offers three 2-bedroom apartments and a cozy 1-bedroom unit, all poised to deliver consistent rental income. For the savvy investor, this property is a valuable addition to your portfolio, promising strong returns in a sought-after location. And for those looking to blend lifestyle with investment, live comfortably in one unit while enjoying the steady rental income from the others. Ideally located next to a convenient laundromat, this property combines practicality with opportunity, making it an unbeatable choice for both investors and owner-occupiers alike. Also comes with a CLEAR CO!
- Type:
- Investment
- Sq.Ft.:
- 1,716
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.04 Acres
- Year built:
- 1910
- Baths:
- 2.00
- MLS#:
- 739828
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Welcome to 35 W Liberty St, Allentown, PA 18102 â?? an incredible investment opportunity featuring two units: a 2-bedroom, 1-bath $1300 and a 3-bedroom, 1-bath, currently rented at a below-market rate of $1150/month. Located near new construction and the exciting riverfront project, this property is in a prime area close to shopping and restaurants. It boasts new boiler systems and a new hot water heater, with tenants paying all utilities except for water and taxes. Don't miss out on this chance to own a promising investment in a rapidly developing neighborhood. Schedule your viewing today! SELLING AS-IS
- Type:
- Investment
- Sq.Ft.:
- 4,120
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.06 Acres
- Year built:
- 1904
- Baths:
- MLS#:
- 736856
- Subdivision:
- Jordan Park
ADDITIONAL INFORMATION
Introducing 701 N Jordan St, Allentown, PA 18102 - An Exceptional Investment Opportunity! This remarkable property offers the perfect blend of commercial and residential spaces, presenting a unique chance for savvy investors. Boasting a prime location in the heart of Allentown, this 5-unit building showcases a store, bar, and three spacious apartments, ensuring a diverse and lucrative income potential. Investors, entrepreneurs, and real estate enthusiasts, don't miss out on this incredible chance to acquire a versatile property that offers multiple streams of income. Embrace the potential for significant returns and become a part of Allentown's thriving business and residential landscape. Act now and seize this rare opportunity! **DO NOT SHOW UP AT THE PROPERTY WITHOUT APPOINTMENT**
- Type:
- Investment
- Sq.Ft.:
- 2,006
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.03 Acres
- Year built:
- 1908
- Baths:
- 3.00
- MLS#:
- 736509
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
ATTENTION INVESTORS! This 100% Occupied THREE UNIT Investment property yields a 9% CAP RATE making this an easy add to your Investment Portfolio! Annual Rent Income is $45,300 Net $38,836 including property taxes. Ease of renting with property location near major highways and walking distance to all that center city has to offer. All utilities are separated so landlord pays water/sewer and owners meter electric only. Schedule your showing today!
$1,099,900
953 W Walnut Street Allentown City, PA 18102
- Type:
- Investment
- Sq.Ft.:
- 1,086
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1950
- Baths:
- 1.00
- MLS#:
- 735796
- Subdivision:
- Not In Development
ADDITIONAL INFORMATION
Amazing redevelopment opportunity. 50' x 108' lot in the Neighborhood Improvement Zone (NIZ). B-2 Zoning the limit with no maximum building height and no maximum building coverage. Neighboring lot approved for 34 story building. This lot could be approved for same or potentially even more stories. Existing building could be rented until project is ready to build. Steps from the new Maple Street Parking Deck and over 1 Billion Dollars of development including, the new Divinci Science Center, PPL Event Center, Archer Music Hall, Moxy Hotel, Restaurants, Retail, Nightlife, and so much more.
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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 18102 has a population of 125,250. Allentown 18102 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 18102 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 18102 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.