135 N 8th St, Allentown, PA 18101
- $575,000
- 5
- BD
- 4
- BA
- 2,760
- SqFt
- List Price
- $575,000
- MLS#
- 775076
- Status
- PENDING
- City
- Allentown
- Area
- Allentown-Central
- County
- Lehigh
- Neighborhood
- Not In Development
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,760
- Lot Size
- 2,220
- Year Built
- 1900
Property 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.
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Additional Information
- Acres
- 0.05
- Cooling
- Window/Wall
- Living Area
- 2,760
- Lot Size
- 2,220
- Parking Spaces
- 7
- Region
- Allentown-Central
- School District
- Allentown
- Sewer
- Public Sewer
- Stories
- 3
- Taxes
- $4,058
- Zoning
- B-2
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Listing courtesy of EXP Realty LLC.
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