111 N 5th St Allentown, PA 18102

MULTIPLE OFFERS RECEIVED- HIGHEST AND BEST SUNDAY OCTOBER 12th BY NOON.
Attention Investors —
This fully renovated 3-unit, end-unit building in the heart of Allentown is a true diamond in the rough. Offering over a 12% CAP rate with potential to climb even higher, this property delivers strong immediate cash flow with exceptional long-term upside. Each apartment occupies an entire floor, giving tenants oversized layouts, privacy, and abundant natural light.
Key Investment Highlights:
• Three full-floor apartments – 2 beds/1 bath each, with flexible layouts often adapted into 3-bedroom units.
• Bright, spacious interiors with high ceilings and extra-large windows.
• 6 total bedrooms, 3 full bathrooms.
• Individual electric hot water heaters for each unit.
• New washer/dryer hookups in Units 1 and 3.
• Lower-level front entrance with potential to monetize a large storage room.
• Tenant-paid utility surcharge ($90/month) covering water, sewer, trash, and heat—keeping operating expenses controlled.
This property is already a cash flow powerhouse, with further upside available through rent increases, and storage rental.
Sold with a clear CO and easy to show. Opportunities like this are rare to find—don’t miss securing this diamond in the rough in one of Allentown’s most desirable locations.