542 W Walnut Street
Allentown City, PA 18101
- – beds
- – baths
- 4,541 sqft
- 4,500 sqft lot
- $148 per sqft
- 1895 build
Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants enjoy gas heat and cooking at their expense and ceiling fans for cooling. This building is across from City Center's new Walnut Street Commons, which has an attached parking garage*. All apartments have been upgraded with new appliances (SS fridges and new stoves), counter tops, tile bathrooms, ceiling fans and window blinds and are easy to rent. The pride of ownership shows in the clean and well maintained exterior and interior common spaces. Durable carpeting and rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. The side yard and rear yard are fenced and locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building and has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.
Last checked:
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Last updated May 15, 2025
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MLS# 757173 —
The Building
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Construction Materials:Brick
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Year Built:1895
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Number Of Units Total:5
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Building Area:Assessor
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Security Features:ClosedCircuitCameras,SmokeDetectors,FireEscape
Interior
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Stories:3
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Stories Total:3
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Flooring:Hardwood
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Living Area:4541.0
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash,Conventional
Location
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Longitude:-75.468592
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Latitude:40.601155
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Apartment
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Zoning:B-2
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Parcel Number:640710902314 1
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Lot Size Acres:0.103
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Lot Size Area:4500.0
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Lot Size Square Feet:4,500 Sqft
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Lot Size Units:SquareFeet
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (610) 398-0411
- Office phone:
- (610) 398-0411
Taxes
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Tax Annual Amount:$6,640.71
Heating & Cooling
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Cooling:CeilingFans
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Heating:Gas,HotWater
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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
Parking
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Parking Features:OnStreet
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 |
|---|---|---|---|---|
|
5/14/25
May 14, 2025
|
Listed / Active | GLVR | $675,000 |
