$850,000

Estimated payment $5,622/month

Total Views 1,383
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Don't miss out on this rare opportunity to buy a cash flowing 6 unit investment property on 5.2 undeveloped acres on the base of South Mountain. Serene woodland setting with pond minutes from center city Allentown. Main building has 4 apartment style units. Other 2 units are single family homes. Those are addressed 2401 and 2402 Weiss Ct. One unit in the main building is not currently occupied and needs to be remodelled. Property is prime for development and expansion. Concrete pad poured for building of storage units. 2 car garage with storage above that is owner occupied and 2 car carport open to tenants can be turned into revenue streams. Units are on well water and septic currently but owners have engineering plans for public sewer hookup. It is the buyers responsibility to verify any expansions or building projects with the local authorities. ***Interior pics coming soon.***

Listing Agent

Eric Luckenbach

Keystone Prop Mngmnt&Maint LLC Listed on: 05/30/2025

Co-Listing Agent

Nichole Schulz

Keystone Prop Mngmnt&Maint LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1949

Community Details

  • Operating Expense $16,606
  • Gross Income $76,080

Property Details

Home Type

Condominium

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1949
  • Lot Size: 8019
  • Co List Office Mls Id: KPMM
  • Co List Office Mls Id: KPMM
  • Subdivision Name: Not in Development
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Stories: 1

Exterior Features

  • Construction Type: Other

Garage/Parking

  • Parking Features: Carport, Driveway, Off Street, Parking Lot, Parking Pad

Utilities

  • Cooling: None
  • Sewer: Septic Tank
  • Heating Yn: Yes
  • Water Source: Well

Fee Information

  • Operating Expense: 16606.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Lot Size Sq Ft: 229526.0
  • Zoning: R-M

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 300.0
  • Insurance Expense: 3500.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 59474.0

Tax Info

  • Tax Annual Amount: 8406.0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/30/2025 05/30/25 For Sale $850,000 +335.9% --
01/20/2016 01/20/16 Sold $195,000 -29.1% $32 / Sq Ft
12/18/2015 12/18/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $274,900 -- $46 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Similar Homes in Allentown, PA

  • 201 N 4th St, Allentown, PA 18102

    $925,000

    • 6 Beds
    • 6 Baths
    • 3,456 Sq Ft
    • 201 N 4th St
    • Allentown, PA

    EXCEPTIONAL OPPORTUNITY AWAITS! 6 UNIT with over 70k/year of PASSIVE INCOME!!!. Recently fully renovated apartment complex, completely occupied, and ready to take over. Start making passive income instantly! Conveniently located near major highways, colleges, and hospitals to easily commute. 2 minutes from PPL Center, restaurants, and entertainment just a walk away!! With this corner lot

    Christopher George Keller Williams Northampton

    Section Image
  • 528 N 6th St, Allentown, PA 18102

    $675,000

    • 8 Beds
    • 5 Baths
    • 5,774 Sq Ft
    • 528 N 6th St
    • Allentown, PA

    WOW....This is an absolute amazing opportunity to purchase this 4 unit property with 3 room rentals , a Carriage house and Garage for additional income. You will truly love the wood work in this 5774 square foot property. The owner has taken great pride in renovating and maintaining this investment property that he has called home for several years. The Main building has the following; Unit 1 :

    Felix Figueroa BHHS Fox & Roach - Allentown

    Section Image
  • 701 N Jordan St, Allentown, PA 18102

    $650,000

    • 6 Beds
    • 5 Baths
    • 4,120 Sq Ft
    • 701 N Jordan St
    • Allentown, PA

    THIS IS THE Mixed Use, COMMERCIAL/Residential multi unit opportunity that you have been waiting for!!! This Five unit property has so much potential . This building has been passed down through several generations and the current owner is looking to retire from this business. The Building 1 BAR/restaurant/2 apartments, and Building 2 minimart/beer distributor / 1 apartment above will be a great

    Felix Figueroa BHHS Fox & Roach - Allentown

    Section Image
  • 858 N 7th St, Allentown, PA 18102

    $639,900

    • 6 Beds
    • 5 Baths
    • 2,828 Sq Ft
    • 858 N 7th St
    • Allentown, PA

    Come see this updated 5-Units property centrally located in the fast-growing Allentown City. This property offering strong CASH FLOW of $69,000/year in gross income with over 9.7% Cap rate. Tenants responsible for all their own utilities, while owner covers only: water/sewer & trash. New Roof installed in 2024, Separate Basement entrance for storage area or refinish in the future, Low Expenses,

    Alaa Aldeen Alkhawaldeh Reinvest Real Estate LLC

    Section Image

Source: Greater Lehigh Valley REALTORS®

MLS Number: 758438

Greater Lehigh Valley REALTORS®

APN: 640517400381-1