22 S 13th St - Apartments FOR SALE


Allentown, PA 18102- Walnut Street Historic District
$360,000 USD
610-217-6330
22 S 13th St, Allentown, PA for Sale
$360,000 USD
Apartments - FOR SALE
1/17
null | 8.96% Cap Rate


HIGHLIGHTS

  • Five-unit multifamily property with diversified rental income potential.
  • Mix of traditional apartment and co-living accommodations.
  • Three-story building constructed in 1905 with established residential use.
  • Located in Allentown's urban core near employment and community amenities.
  • Flexible unit configuration supports a variety of tenant needs.
  • Opportunity to benefit from continued demand for affordable housing options.

OVERVIEW

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. 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.

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

5

PRICE/UNIT

$72,000

CAP RATE

8.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

B1/R

APN/PARCEL ID

549678784561-1

ASK ABOUT THIS PROPERTY

Jennifer de JesusSteel City RealtyMore Info
610-217-6330

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Jennifer de JesusSteel City RealtyMore Info
610-217-6330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.