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John Walker

johnnywalkerproperties@gmail.com +1(410) 299-6739

Listed by james Reardon • eXp Commercial

$ 435,000

Est. payment | -/mo

1,938 Sqft Lot

Save

$ 435,000

Est. payment | -/mo

Save

1,938 Sqft Lot

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Pending

Purchase Type For Sale

Subdivision Allentown

MLS Listing ID PALH2014394

Style Unit/Flat

Year Built 1870

Annual Tax Amount $3,201

Tax Year 2025

Lot Size 1,938 Sqft

Acres 0.04

Lot Dimensions 17.00 x 114.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Fully occupied, all-brick three-unit investment property generating $40,280 in gross income and $35,075 in net income. The building includes a 3-bedroom/2-bath unit, a 1-bedroom/1-bath unit, and a studio apartment, all leased with staggered expirations extending through 2026, providing strong income stability. Tenants pay all utilities, including electric, gas heat, and water. Water is submetered, making it a tenant responsibility. Landlord expenses are minimal and clearly documented, limited to taxes and insurance. In-place rents provide consistent cash flow, with upside supported by historical leasing performance and recent rent growth in the Allentown-Central submarket. This asset is well suited for investors seeking stabilized income, a diversified unit mix, and a clear path to improved performance through rent growth.

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning R-H

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling None

Flooring Engineered Wood, Ceramic Tile

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

View City

Accessibility 2+ Access Exits

Garage N

Building

Foundation Block, Stone

Sewer Public Septic

Water Public

Architectural Style Unit/Flat

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Allentown

Others

Tax ID 640711871696-00001

Ownership Fee Simple

Special Listing Condition Standard

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(410) 299-6739

johnnywalkerproperties@gmail.com

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139 N 5TH ST Allentown, PA 18103