437 Allen Street, Allentown, PA 18102 (MLS # 779067)

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PRICE $450,000 BEDS 5 BATHS 3 HOME SIZE 2,112 sqft LOT SIZE 1,786 sqft Request More Info Schedule a Showing

4 unit investment property.. Potential gross income $57,000 with a potential net income of $46700. Three apartments plus a large basement and garage to be rented, basement only 2 steps down. An exceptional real estate investment opportunity awaits with this all-brick, three-story multi-family apartment building perfectly situated in the heart of Central Allentown. This well-maintained property features a total of four spacious units, offering a versatile mix of a 2-bedroom layout, two 1-bedroom configurations, and a lower-level basement and garage space primed for additional rental income. Boasting an impressive projected gross annual income of $57,000 and a strong R-MH zoning code, this building comes equipped with efficient electric baseboard heating and five convenient on- and off-street parking spaces.Location is everything, and this property puts tenants right in the center of a thriving, high-demand rental market. Residents will enjoy incredible walkability and seamless access to Allentown's vibrant, revitalized downtown, packed with diverse dining, local shopping, and entertainment. The building is just minutes from excellent public parks, community cultural centers, and robust local employment hubs. With its close proximity to major highways and public transportation, it offers an effortless commute throughout the entire Lehigh Valley. Perfect for investors looking to expand their portfolio, this property presents a solid, reliable stream of revenue from day one in one of the city's most convenient neighborhoods.