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$408,000
Est. payment /mo
2,047 Sqft Lot
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Pending
Purchase Type For Sale
Subdivision Not In Development
MLS Listing ID 764649
HOA Y/N No
Year Built 1894
Annual Tax Amount $2,477
Lot Size 2,047 Sqft
Acres 0.047
Property Sub-Type Townhouse
Property Description
This fully occupied 2-unit multifamily generates $41,160 Gross, $35,063 Net, 9% Cap @ asking, a turnkey investment opportunity in the heart of Allentown. Delivered with a clear CO, this solid brick property is stabilized & producing income from day one. The 1st-floor 2BR apartment features front & rear entrances & includes garage rental income, while the second & third floors combine to form a spacious 3BR unit. Both apartments feature updated finishes, modern vinyl flooring (no carpets), & in-unit laundry that provides additional revenue. Tenants are responsible, leases are in place, & the building is in strong rental demand due to its location & walkability. Built in 1894, the property boasts character & charm, blending classic brick construction with low-maintenance upgrades. Comparable sales & proven performance strongly support the price, with potential upside in future rent growth. Perfect for investors seeking steady cash flow or an owner-occupant looking to live nearly rent-free. With minimal expenses, reliable tenants, & a strong income stream, this is a rare chance to own a stabilized multifamily with excellent returns. Ideally located near Route 22, 78, & 309, the property offers access to major highways, retail corridors, & downtown Allentown's growing business & entertainment scene. Surrounded by top hospitals, universities, & the region's booming logistics & warehouse industry, the property benefits from strong economic drivers & consistent tenant demand.
Location
State PA
County Lehigh
Area Allentown-Central
Direction From Hamilton St, head west to Jefferson St. Turn right onto Jefferson, and 36 Jefferson St will be on the right-hand side.
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Parking Garage, On Street
Water Access Desc Public
Total Parking Spaces 2
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Senior Community No
Tax ID 549679759478 1
Special Listing Condition None
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Listed by EXP Realty LLC
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