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Allentown, PA Multifamily Homes & Duplexes for Sale

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  • /25

    $275,000

    • Studio
    • 522 Sq Ft

    1217 W Allen St, Allentown, PA 18102

    1217 W Allen Street offers a compelling opportunity for investors seeking a well-positioned asset in Allentown City. Located near major commuter routes, employment centers, and neighborhood amenities, this property benefits from consistent rental demand and strong occupancy potential. The home features a practical layout with a bright living area, separate dining space, and an modern yet

    Heather Kidd Howard Hanna The Frederick Group

    1217 W Allen St, Allentown, PA 18102
  • /20

    $250,000

    • 3 Beds
    • 2.5 Baths
    • 1,817 Sq Ft

    17 S 24th St, Allentown, PA 18104

    Enjoy scenic lake views from this charming brick condo right around thecorner from Cedar Beach Park. Located on the first floor, this spacioushome offers a bright and inviting layout with hardwood floors and a largeliving room anchored by a picture window that captures the peacefulsurroundings. The dining area flows seamlessly into the eat-in kitchen,creating a comfortable

    Brooke Dietrick BHHS Fox & Roach - Allentown

    17 S 24th St, Allentown, PA 18104
  • /12

    $485,550

    • 7 Beds
    • 3 Baths

    204 N 9th St, Allentown, PA 18102

    Income-producing 3-unit multifamily property located at 204 N 9th St in Allentown, ideal for both investors and owner-occupants. The property features two occupied units and one vacant unit, offering immediate cash flow with additional upside. Current and projected rents are strong, with Unit 1 at $2,000, Unit 2 at $1,900, and Unit 3 at $950, generating a total potential gross annual income of

    Tushar Babaria HowardHanna TheFrederickGroup

    204 N 9th St, Allentown, PA 18102
  • /2

    $359,000

    • Studio
    • 1,920 Sq Ft

    1342 S Howard St, Allentown, PA 18103

    Solid income-producing two-unit duplex in Allentown featuring an up-and-down layout with matching floor plans, making management and maintenance straightforward. This property is ideal for investors looking to build long-term wealth through rental income and appreciation. Each unit offers functional living space, and the property includes a fenced-in yard, adding value and appeal for tenants.

    Joe Trymbiski Coldwell Banker Hearthside-Doylestown

    1342 S Howard St, Allentown, PA 18103
  • /19

    $775,000

    • 7 Beds
    • 6 Baths
    • 3,200 Sq Ft

    106 N Eighth St, Allentown, PA 18101

    Fully occupied five-unit investment property generating $82,800 in gross income and $73,280 in net income. The asset features a balanced unit mix of two 2-bedroom apartments and three 1-bedroom apartments, providing consistent rental demand and stable cash flow. The property is 100% occupied, offering immediate income from day one. Tenants pay all utilities except water/sewer, creating a

    Akinlana Popoola EXP Realty LLC

    106 N Eighth St, Allentown, PA 18101
  • /37

    $475,000

    • Studio

    1225 W Walnut St, Allentown, PA 18102

    RJ Timlin RE/MAX Reliance

    1225 W Walnut St, Allentown, PA 18102
  • /23

    $239,900

    • Studio
    • 1,281 Sq Ft

    274 E Elm St, Allentown, PA 18109

    This property presents a solid investment opportunity on Allentown’s East Side, offering strong rental potential and long-term value growth. The home features a practical, well-designed layout with comfortable living areas, an updated and functional kitchen, and well-proportioned bedrooms, including a finished attic that adds valuable flexibility for occupants. Recent improvements and efficient

    Heather Kidd Howard Hanna The Frederick Group

    274 E Elm St, Allentown, PA 18109
  • /39

    $474,999

    520 N 7th St, Allentown, PA 18102

    Mixed-use 3-unit property in the heart of Center City Allentown, offering strong income and future upside. The building includes a commercial space on the first floor and two 1-bedroom apartments on the upper levels. Fully occupied and currently generating approximately $3,750 per month, with potential to increase to $4,200+ as rents are brought to market. Both residential leases are short term,

    Jose Ortiz I-Do Real Estate

    520 N 7th St, Allentown, PA 18102
  • /66

    $849,000

    • 8 Beds
    • 6 Baths

    1502 W Chew St, Allentown, PA 18102

    1502 W. Chew Street presents a compelling opportunity to acquire a fully renovated, income-producing mixed-use asset in one of Allentown’s most consistently performing rental corridors offered at almost a 10% CAP Rate. The property features 6 rentable units - a street-level commercial storefront, 4 residential apartments, and a rare oversized garage - providing multiple income streams with

    Andrew Ginsburg BHHS Regency Real Estate

    1502 W Chew St, Allentown, PA 18102
  • /99

    $7,795,000

    • 49 Baths
    • 70,732 Sq Ft

    123-127 N Lumber St, Allentown, PA 18102

    Offering a rare opportunity to acquire two apartment buildings consisting of 36 residential units and 1 commercial space, situated across 5 parcels of land and inclusive of on-site parking lots. Originally constructed in 1930 as an industrial building, the property was converted to apartments in 2013, blending historic character with modern functionality. The property is located within two blocks

    Jose Ortiz I-Do Real Estate

    123-127 N Lumber St, Allentown, PA 18102
  • /14

    $575,000

    • 5 Beds
    • 4 Baths
    • 2,760 Sq Ft

    135 N 8th St, Allentown, PA 18101

    Fully occupied four-unit investment property generating $61,020 in gross income and $50,332 in net income. The asset features a diverse unit mix of one studio, two 1-bedroom units, and one 2-bedroom unit, supporting consistent tenant demand and stable cash flow. The property is 100% occupied, providing immediate income from day one. Tenants pay all utilities except water/sewer/trash, keeping

    Akinlana Popoola EXP Realty LLC

    135 N 8th St, Allentown, PA 18101

Why Live in Allentown

The PPL Center anchors downtown Allentown's entertainment scene with Phantoms hockey games and major concerts. Outdoor recreation flourishes along the 6.1-mile Little Lehigh Parkway trail system and through scenic spaces like Trexler Memorial Park's rose gardens and Cedar Creek Park's sports fields. Cultural attractions include the Allentown Art Museum's diverse collections, the America On Wheels Museum, and performances at Miller Symphony Hall. The restaurant scene features highly-rated spots like Ayat, La Bicicleta Arepa Bar, and Damascus Restaurant.

The Allentown housing market includes diverse options across distinct neighborhoods. The median price for single family homes is $345,000, while townhouses have a median price of $232,000 and two bedroom condos typically sell for $230,000. West End Allentown features single family homes with a median price of $338,000. The West Park Historic District contains townhouses with a median price of $275,000. Ancient Oaks commands the highest median single family home prices at $525,000.

The cost of living in Allentown is 2.3% above the national average. A family with school-age children needs approximately $108,000 annually to live comfortably, while renters should aim for $62,000. Property taxes in Lehigh County stand at 1.66%, comparable to neighboring Bethlehem and Easton at 1.65%. The Pennsylvania state income tax rate is 3.07%, with a combined state and local sales tax of 6.34%.

Allentown public schools include the A-rated Springhouse Middle School and Parkland High School. Private education options feature the highly-rated Moravian Academy Swain School Campus and St. Thomas More Catholic School. The city sits 60 miles from Philadelphia and 90 miles from New York City, with LANTA bus service providing local public transportation throughout the Lehigh Valley region.

Home Trends in Allentown, PA

Housing Trends

Median Sale Price
$310,000
Median Single Family Sale Price
$350,000
Median Townhouse Sale Price
$240,000
Median 2 Bedroom Sale Price
$235,750
Average Price Per Sq Ft
$181
Number of Homes for Sale
164
Last 12 months Home Sales
1,798
Months of Supply
1.10
Median List Price
$305,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
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