- 5 beds
- 5 baths
- 2,404 sqft
- $155 per sqft
- 1905 build
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.
Last checked:
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Last updated May 22, 2025
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MLS# 748083 —
The Building
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New Construction:true
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Construction Materials:Brick
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Year Built Details:New Construction
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Year Built:1905
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Number Of Units Total:5
Interior
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Living Area:2404.0
Financial & Terms
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Listing Terms:Cash,Conventional,FHA,VaLoan
Location
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Longitude:-75.483779
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Latitude:40.598201
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Townhouse
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Property Sub Type Additional:Townhouse
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Zoning:resi-med
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Property Condition:NewConstruction
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Parcel Number:549678784561 001
Listing Agent
- Contact info:
- Agent phone:
- (484) 895-9005
- Office phone:
- (484) 895-9005
Taxes
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Tax Annual Amount:$2,974.53
Beds
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Bedrooms Total:5
Baths
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Bathrooms Full:5
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Bathrooms Total:5
Heating & Cooling
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Cooling:None
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Cooling:false
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Heating:Gas
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Heating:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Middle School District:Allentown
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High School District:Allentown
The Community
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Subdivision Name:Not In Development
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Senior Community:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/22/25
May 22, 2025
|
Price Changed | GLVR | $375,000 | -5.1% |
5/14/25
May 14, 2025
|
Listed / Active | GLVR | $395,000 |