36 N Jefferson St Allentown, PA 18102
Center City NeighborhoodEstimated payment $2,229/month
About This Home
This fully occupied 2-unit multifamily generates $41,160 Gross, $35,063 Net, 9% Cap @ asking, a turnkey investment opportunity in the heart of Allentown. Delivered with a clear CO, this solid brick property is stabilized & producing income from day one. The 1st-floor 2BR apartment features front & rear entrances & includes garage rental income, while the second & third floors combine to form a spacious 3BR unit. Both apartments feature updated finishes, modern vinyl flooring (no carpets), & in-unit laundry that provides additional revenue. Tenants are responsible, leases are in place, & the building is in strong rental demand due to its location & walkability. Built in 1894, the property boasts character & charm, blending classic brick construction with low-maintenance upgrades. Comparable sales & proven performance strongly support the price, with potential upside in future rent growth. Perfect for investors seeking steady cash flow or an owner-occupant looking to live nearly rent-free. With minimal expenses, reliable tenants, & a strong income stream, this is a rare chance to own a stabilized multifamily with excellent returns. Ideally located near Route 22, 78, & 309, the property offers access to major highways, retail corridors, & downtown Allentown’s growing business & entertainment scene. Surrounded by top hospitals, universities, & the region’s booming logistics & warehouse industry, the property benefits from strong economic drivers & consistent tenant demand.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,477
Year Built
- Built in 1894
Home Design
- Brick or Stone Mason
Parking
- On-Street Parking
- Parking Garage Space
Additional Features
- 3-Story Property
- 2,031 Sq Ft Lot
- Heating Available
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $622
- Insurance Expense $1,100
- Maintenance Expense $808
- Water Sewer Expense $1,090
- Operating Expense $6,097
- Gross Income $41,160
- Net Operating Income $35,063
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | For Sale | $380,000 | -1.0% | -- | |
| 11/17/2025 11/17/25 | Pending | -- | -- | -- | |
| 11/14/2025 11/14/25 | Pending | -- | -- | -- | |
| 09/12/2025 09/12/25 | For Sale | $384,000 | +122.6% | -- | |
| 09/10/2021 09/10/21 | Sold | $172,500 | -3.6% | $98 / Sq Ft | View Prior Sale |
| 08/12/2021 08/12/21 | Pending | -- | -- | -- | |
| 08/05/2021 08/05/21 | Price Changed | $179,000 | 0.0% | $102 / Sq Ft | |
| 08/05/2021 08/05/21 | For Sale | $179,000 | +3.8% | $102 / Sq Ft | |
| 08/03/2021 08/03/21 | Off Market | $172,500 | -- | -- | |
| 07/09/2021 07/09/21 | Price Changed | $187,000 | -4.1% | $107 / Sq Ft | |
| 06/02/2021 06/02/21 | For Sale | $195,000 | +95.0% | $111 / Sq Ft | |
| 11/30/2017 11/30/17 | Sold | $100,000 | 0.0% | $57 / Sq Ft | View Prior Sale |
| 11/04/2017 11/04/17 | Pending | -- | -- | -- | |
| 10/20/2017 10/20/17 | For Sale | $100,000 | -- | $57 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 764649
APN: 549679759478-1
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