22 S 13th St Allentown, PA 18102
Center City NeighborhoodEstimated payment $2,166/month
Highlights
- Newly Remodeled
- Brick or Stone Mason
- Heating Available
About This Home
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 there’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 property’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: Allentown’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.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,975
Year Built
- Built in 1905 | Newly Remodeled
Home Design
- 2,404 Sq Ft Home
- Brick or Stone Mason
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Utilities
- Heating Available
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $2,956
- Insurance Expense $1,200
- Water Sewer Expense $2,101
- Operating Expense $10,199
- Gross Income $48,936
- Net Operating Income $38,737
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $360,000 | -4.0% | $150 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $375,000 | -5.1% | $156 / Sq Ft |
| 11/06/2024 11/06/24 | For Sale | $395,000 | +2.6% | $164 / Sq Ft |
| 09/20/2023 09/20/23 | Sold | $385,000 | -8.3% | $160 / Sq Ft |
| 08/07/2023 08/07/23 | Pending | -- | -- | -- |
| 07/20/2023 07/20/23 | Price Changed | $420,000 | -1.2% | $175 / Sq Ft |
| 06/20/2023 06/20/23 | Price Changed | $425,000 | -1.2% | $177 / Sq Ft |
| 05/20/2023 05/20/23 | For Sale | $430,000 | +160.8% | $179 / Sq Ft |
| 08/22/2022 08/22/22 | Sold | $164,900 | 0.0% | $69 / Sq Ft |
| 07/01/2022 07/01/22 | Pending | -- | -- | -- |
| 06/30/2022 06/30/22 | For Sale | $164,900 | -- | $69 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 748083
APN: 549678784561-1
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