$739,900

Estimated payment $4,332/month

Total Views 23,837
5 Beds
4 Baths
6,702 Sq Ft
$110 Price per Sq Ft

Highlights

  • Brick or Stone Mason
  • Heating Available
  • 3-minute walk to Valania Park

About This Home

Prime location for an exceptional investment opportunity in one of Allentown's fastest growing commercial and residential corridors. This 6700 SF mixed use corner property is located just a half block from Hamilton St and a short walk to downtown Allentown's major entertainment/sports venues, restaurants, retail businesses and shops. A 3456 SF ground level multipurpose space awaits fit-out for many possible uses that could serve the nearly 500 newly built apartment units in the immediate area. (Deli/Mini market, hair salon, office, etc.) The building also includes 3 apartment units, two finished apartments (a 2 bedroom and a 3 bedroom) and one 2 bedroom that is unfinished. This unit has city approvals, plans and permits to be completed. Also at the rear of the main level there is a possibility for a 4th apartment unit conversion. With its highly visible location, strong rental demand and surrounded by the ongoing progressive development, this property is a great opportunity to be part of Center City Allentown's dramatic redevelopment.

Listing Agent

Iggy Markow

RE/MAX Real Estate Listed on: 10/02/2025

RE/MAX Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,097

Year Built

  • Built in 1900

Home Design

  • Brick or Stone Mason
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 6,702 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Heating Available

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $658
  • Insurance Expense $3,500
  • Water Sewer Expense $678
  • Operating Expense $11,430
  • Gross Income $105,600
  • Net Operating Income $99,367

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,097

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Stories: 3
  • Year Built: 1900
  • LotSizeAcres: 0.079
  • Lot Size: 32x108
  • Co List Office Mls Id: RMXR2
  • Subdivision Name: Not in Development
  • Year Built Details: Unknown
  • HumanModifiedYN: Yes
  • PropertySubTypeAdditional: Apartment,Mixed Use
  • CurrentPrice: 739900.0
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Living Area: 6702.0
  • Stories: 3

Exterior Features

  • Construction Type: Aluminum Siding, Brick, Frame
  • Property Condition: Unknown

Utilities

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

Fee Information

  • Operating Expense: 11430.0
  • Annual Water Sewer Expense: 678.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Lot Size Sq Ft: 3456.0
  • Zoning: B-2

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 658.0
  • Insurance Expense: 3500.0
  • Property Net Operating Income: 99367.0

Tax Info

  • Tax Annual Amount: 5097.49

Map

Range of Values:

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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 List to Sale Price per Sq Ft
10/02/2025 10/02/25 For Sale $739,900 -- $110 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 765795

Greater Lehigh Valley REALTORS®