222 S 15th St - Apartments FOR SALE


Allentown, PA 18102- Walnut Street Historic District
$2,100,000 USD
610-437-5501
222 S 15th St, Allentown, PA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate


HIGHLIGHTS

  • Well maintained, Apartment style
  • Ample natural light
  • Public Transportation

OVERVIEW

Exceptional opportunity to acquire a 15-unit apartment building in Allentown. This brick, 3-story apartment-style property features a strong unit mix of 1,2 bedroom and efficiency apartments, providing immediate cash flow. The property is serviced by public water and sewer, offers gas heat, and individual units include oven/range and refrigerator. Located near downtown Allentown, public transportation, entertainment, dining, and shopping, ensuring consistent rental demand. Well-maintained asset with long-term tenants and upside potential through rent optimization. Ideal for investors seeking a stable, income-producing multifamily property in a growing urban market. 48-hour notice required for showings. Landlord pays gas heat, hot water, water/sewer, trash. Tenant pays gas cooking and electric. Each unit has separate meters for electric and gas.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

15

PRICE/UNIT

$140,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R-M

APN/PARCEL ID

549667943712-1

ASK ABOUT THIS PROPERTY

Rudy AmelioRudy Amelio Real EstateMore Info
610-437-5501

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

Rudy AmelioRudy Amelio Real EstateMore Info
610-437-5501

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