Share this with your friends
+14842391295
Joy and Dave Flood Realtors
266 E Walnut St, Allentown, PA 18109
- $675,000
- 13
- BD
- 6
- BA
- 5,280
- SqFt
- Sold Price
- $675,000
- List Price
- $795,000
- Closing Date
- Nov 25, 2025
- MLS#
- 759320
- Status
- CLOSED
- City
- Allentown
- Area
- Allentown-East
- County
- Lehigh
- Neighborhood
- Not In Development
- Bedrooms
- 13
- Bathrooms
- 6
- Living Area
- 5,280
- Lot Size
- 6,011
- Year Built
- 1910
Property Description
6-Unit Investment Property | 13 Bedrooms | $85K+ Gross Annual Income Turnkey 6-unit multifamily asset in East Allentown offering over 5,200 square feet of income-producing real estate. Built in 1910 and situated on a 0.138-acre lot, this fully leased brick property features 13 total bedrooms across six spacious units — a mix of 2- and 3-bedroom layouts — with leases in place and some units on month-to-month for added flexibility. Tenants cover gas heat via RUBS (Ratio Utility Billing System), and five of six units also pay water/sewer, keeping operating expenses lean. Property generates a gross annual income of $85,448 with net income of $60,552 and low owner-paid utilities (only one unit not on RUBS). Recent annual expenses total approx. $22,372, including taxes, management, and maintenance. Investment Highlights: • Gross Scheduled Income: $85,448 • Net Operating Income (NOI): $60,552 • 6 Units / 13 Bedrooms • Off-Street Parking for 8+ Vehicles • Fully Occupied with Reliable Rental History • RUBS Utility Billing | Brick Construction | Stable Cash Flow Perfect for investors seeking immediate returns and long-term equity growth in the heart of Allentown. Showings by appointment only due to tenant occupancy. Current property management company is offering a discount if new buyer stays in management.
Additional Information
- Acres
- 0.14
- Cooling
- Ceiling Fan(s), Window/Wall
- Living Area
- 5,280
- Lot Size
- 6,011
- Parking Spaces
- 8
- Region
- Allentown-East
- School District
- Allentown
- Sewer
- Public Sewer
- Stories
- 3
- Taxes
- $8,680
- Zoning
- R-MH
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing provided by CENTURY 21 Pinnacle
Selling Office: Bellman & Radcliff.The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of the Greater Lehigh Valley REALTORS® Multiple Listing Service. The information being provided is for consumes personal, non-commercial use and may not be used for any purpose. Information is deemed reliable but not guaranteed. Copyright 2026 Greater Lehigh Valley REALTORS®.