$320,000
SOLD AUG 13, 2025

518 W Tilghman St Allentown, PA 18102

Center City Neighborhood
3 Beds
3 Baths
2,141 Sq Ft
1,917 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

7% Below List Price

49 Days on Market

Highlights

  • Detached Garage
  • Heating Available
  • 3-minute walk to Stevens Park
  • Brick or Stone Mason

About This Home

As of August 2025

Turnkey Investment Opportunity in Allentown’s Historic Old Fairgrounds District!

This fully occupied, income-producing brick 3 unit offers a strong return and hassle-free ownership in the heart of Allentown. With three well-maintained 1-bedroom units, this property generates $34,620 in gross annual income. Tenants enjoy the convenience of public water/sewer, and the property benefits from efficient gas and electric utilities with RUBS implemented to help manage costs.

Key features include:
• Solid brick construction and classic 1900 charm
• Separate electric meters
• Current leases in place through early 2026
• Zoned R-MH in a desirable residential area near transit, dining, and more
• Off-street garage included for unit 1

Whether you’re a seasoned investor or just getting started, this is a rare chance to acquire a stabilized asset in a growing rental market. Low property taxes and strong tenant history make this a must-see. Schedule your private showing today—48 hours’ notice preferred.

Last Agent to Sell the Property

Frank Rinaldi

CENTURY 21 Pinnacle Listed on: 06/25/2025

CENTURY 21 Pinnacle

Last Buyer's Agent

Gary Elbert

Bellman & Radcliff

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1900

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 2,141 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • Detached Garage
  • On-Street Parking

Utilities

  • Heating Available

Community Details

Overview

  • 3 Units
  • Old Frgrnds Historic Subdivision

Building Details

  • Electric Expense $450
  • Gardener Expense $1,100
  • Insurance Expense $1,300
  • Maintenance Expense $1,679
  • Operating Expense $6,914
  • Gross Income $34,620
  • Net Operating Income $27,706

Property Details

Home Type

Condominium

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Stories: 3
  • Year Built: 1900
  • LotSizeAcres: 0.044
  • Co List Office Mls Id: C2PN01
  • Subdivision Name: Old Frgrnds Historic
  • Special Features: None

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Living Area: 2141.0
  • Stories: 3

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: Detached, Garage, On Street

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Operating Expense: 6914.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Lot Size Sq Ft: 1914.0
  • Zoning: R-MH

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 450.0
  • Insurance Expense: 1300.0
  • Maintenance Expense: 1679.0
  • Property Net Operating Income: 27706.0

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 Change Sq Ft Price
08/13/2025 08/13/25 Sold $320,000 -7.2% $149 / Sq Ft
07/04/2025 07/04/25 Off Market $345,000 -- --
06/25/2025 06/25/25 For Sale $345,000 +50.0% $161 / Sq Ft
12/30/2020 12/30/20 Sold $230,000 -4.2% $107 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $240,000 0.0% $112 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
07/12/2020 07/12/20 For Sale $240,000 +159.7% $112 / Sq Ft
06/11/2018 06/11/18 Sold $92,400 +8.7% $43 / Sq Ft
05/07/2018 05/07/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $85,000 -- $40 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Frank Rinaldi

    Seller's Agent in 2025

    Frank Rinaldi

    CENTURY 21 Pinnacle

    (484) 788-8682

    11 in this area

    210 Total Sales

    Frank Rinaldi
    Section Image

  • G

    Buyer's Agent in 2025

    Gary Elbert

    Bellman & Radcliff

    (610) 393-1801

    36 in this area

    119 Total Sales

    Gary Elbert
    Section Image

  • E

    Buyer Co-Listing Agent in 2025

    Evelyn Martinez

    Bellman & Radcliff

    (484) 951-5846

    23 in this area

    73 Total Sales

    Evelyn Martinez
    Section Image

  • D

    Seller's Agent in 2020

    David Goncalves

    RE/MAX

    Section Image
  • Jennifer de Jesus

    Buyer's Agent in 2020

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    139 in this area

    422 Total Sales

    Jennifer de Jesus
    Section Image
  • David Bohning

    Seller's Agent in 2018

    David Bohning

    BHHS Fox & Roach

    (610) 703-9266

    1 in this area

    37 Total Sales

    David Bohning
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 759942

Greater Lehigh Valley REALTORS®

APN: 640704518364-1

Pennsylvania Lehigh County Allentown 18102 Center City

518 W Tilghman St, Allentown, PA

This home is located at 518 W Tilghman St, Allentown, PA 18102 and is currently priced at $320,000, approximately $149 per square foot. This property was built in 1900. 518 W Tilghman St is a home located in Lehigh County with nearby schools including Trexler Middle School, William Allen High School, and Roberto Clemente Elementary Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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