123 N Lumber Street, Allentown, PA 18101 (MLS # 769967)

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PRICE $7,899,000 BEDS 0 BATHS 49 HOME SIZE 70,732 sqft LOT SIZE 22,565 sqft Request More Info Schedule a Showing

Offering a rare opportunity to acquire two apartment buildings consisting of 36 residential units and 1 commercial space, situated across 5 parcels of land and inclusive of on-site parking lots. Originally constructed in 1930 as an industrial building, the property was converted to apartments in 2013, blending historic character with modern functionality. The property is located within two blocks of Hamilton Street in the heart of downtown Allentown, providing residents with convenient access to restaurants, retail, and entertainment venues. The buildings are also situated within ten minutes of I-78 and I-476, offering efficient vehicular access throughout the Lehigh Valley. The 5 parcel configuration includes two primary buildings and associated parking areas, enhancing functionality and long-term flexibility for ownership and operations. The property is currently managed using the Innago property management platform, allowing for streamlined operations, rent collection, and reporting, contributing to ease of ownership and management efficiency. Assets of this scale, location, and configuration are increasingly difficult to find in the downtown Allentown market. This offering presents a compelling opportunity for investors seeking a stabilized urban asset with long-term upside. Schedule a showing to explore the potential and move this opportunity forward.