Residential Income in Allentown City

$575,000

135 8th, 18101, Allentown City, PA

UNDER OFFER

Residential Income for sale in Allentown City, 135 8th, 18101, 2760 m²

135 8th, 18101, Allentown City, PA

$575,000

5Bed
4Bath
2760
Type: Residential Income

Description

Fully occupied four-unit investment property generating $61, 020 in gross income and $50, 332 in net income. The asset features a diverse unit mix of one studio, two 1-bedroom units, and one 2-bedroom unit, supporting consistent tenant demand and stable cash flow. The property is 100% occupied, providing immediate income from day one. Tenants pay all utilities except water/sewer/trash, keeping landlord expenses low and limited to taxes, insurance, and water/sewer/trash. Located in the heart of the Old Allentown Historic District, the building offers classic brick exterior charm with high ceilings, while the units have been updated to meet modern tenant expectations. The location provides easy access to local dining, entertainment, and ongoing development in downtown Allentown, supporting long-term rental demand. The property will be delivered with a clear Certificate of Occupancy from the City of Allentown, adding confidence for buyers. Showings will be limited to accommodate tenants. Seller is also offering 106 N 8th Street, located just one block away, creating an opportunity for a portfolio purchase. With strong in-place income, low operating expenses, and a prime location, this property is well suited for investors seeking stable cash flow and long-term performance in a high-demand rental market.

Location

135 8th, 18101, Allentown City, PA

Data

Object TypeResidential Income
Purchase Price$575,000
Living Space2760 m²
Plot Size206.24 m²
Bathrooms4
Construction Year1900
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeBaseboard
Primary Energy SourceN/A
Construction Year1900
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent