518 W Tilghman Street
Allentown City, PA 18102
Map
- 3 beds
- 3 baths
- 2,141 sqft
- 1,914 sqft lot
- $161 per sqft
- 1900 build
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 checked:
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Last updated Jun 27, 2025
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MLS# 759942 —
The Building
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Construction Materials:Brick
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Year Built:1900
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Number Of Units Total:3
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Building Area:Assessor
Interior
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Stories:3
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Stories Total:3
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Living Area:2141.0
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash,Conventional
Location
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Longitude:-75.473028
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Latitude:40.612486
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Apartment
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Zoning:R-MH
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Parcel Number:640704518364 1
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Lot Size Acres:0.044
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Lot Size Area:1914.0
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Lot Size Square Feet:1,914 Sqft
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Lot Size Units:SquareFeet
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (610) 691-0535
- Office phone:
- (610) 691-0535
Beds
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Bedrooms Total:3
Baths
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Bathrooms Full:3
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Bathrooms Total:3
Heating & Cooling
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Cooling:None
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Cooling:false
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Heating:Electric,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:Old Frgrnds Historic
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Senior Community:false
Parking
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Parking Features:Detached, Garage, OnStreet
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Parking Total:1.0
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Garage:true
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Attached Garage: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 |
|---|---|---|---|---|
|
6/27/25
Jun 27, 2025
|
Listed / Active | GLVR | $345,000 | 273.4% (38.8% / YR) |
|
6/11/18
Jun 11, 2018
|
GLVR | $92,400 |
