$310,000

1042 Lehigh St Unit 1044 Allentown, PA 18103

Southside Neighborhood

Estimated payment $1,954/month

Total Views 8,541
3 Beds
2 Baths
1,264 Sq Ft
$245 Price per Sq Ft

Highlights

  • Detached Garage
  • Brick or Stone Mason
  • Heating Available

About This Home

Two-unit income property in South Allentown offering multiple revenue streams and strong return potential. Projected gross annual income of $31,800 from two residential units and two rented garage bays. First-floor one-bedroom, one-bath unit with in-unit laundry is currently vacant, giving flexibility for an owner-occupant or immediate tenant placement at market rent. Second-floor one-bedroom, one-bath unit is tenant-occupied. Based on projected market rents, investors could see cap rates in the 7%-9% range and cash-on-cash returns approaching 7% with standard financing. Located minutes from Route 78, major roadways, shopping, and dining.

Listing Agent

Bobby Howell

Real Estate of America Listed on: 08/09/2025

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1890

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 1,264 Sq Ft Home
  • 2-Story Property
  • Washer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • Parking Pad
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Heating Available

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,200
  • Fuel Expense $900
  • Gardener Expense $500
  • Insurance Expense $1,500
  • Maintenance Expense $1,590
  • Professional Management Expense $2,544
  • Water Sewer Expense $1,200
  • Operating Expense $13,834
  • Gross Income $31,800
  • Net Operating Income $17,966

Property Details

Home Type

Condominium

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Stories: 2
  • Year Built: 1890
  • LotSizeAcres: 0.08
  • Professional Management Expense: 2544.0
  • Co List Office Mls Id: REOA
  • Subdivision Name: Not in Development
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1264.0
  • Stories: 2

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: Detached, Garage, Off Street, Parking Pad, On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Sewer: Public Sewer
  • Laundry Features: Washer Hookup
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Operating Expense: 13834.0
  • Annual Fuel Expense: 900.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Lot Size Sq Ft: 3485.0
  • Zoning: B-3-Highway Business

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 1200.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1590.0
  • Property Net Operating Income: 17966.0

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2025 08/09/25 For Sale $310,000 -- $245 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 762710

Greater Lehigh Valley REALTORS®

APN: 640605423546-1

Pennsylvania Lehigh County Allentown 18103 Southside

1042 Lehigh St Unit 1044, Allentown, PA

This home is located at 1042 Lehigh St Unit 1044, Allentown, PA 18103 and is currently priced at $310,000, approximately $245 per square foot. This property was built in 1890. 1042 Lehigh St Unit 1044 is a home located in Lehigh County with nearby schools including Jefferson Elementary School, South Mountain Middle School, and William Allen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Bobby Howell
Listing Agent
Bobby Howell
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Real Estate of America
(484) 553-5270