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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 775,000

Est. payment | -/mo

2,760 Sqft Lot

Save

$ 775,000

Est. payment | -/mo

Save

2,760 Sqft Lot

Open House

Fri Apr 24, 3:00pm - 5:00pm

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 2,760 Sqft

MLS Listing ID PALH2015148

Financing Cash,Conventional

Total Units 5

Short Sale No

Originating MLS BRIGHT

Property Description

$82,800 gross income! Net income $70,500 giving investors a great return on investment. This prime 5-unit investment property is ideally located at 206 N 8th St, right in the heart of the Old Allentown Historic District. Situated just one minute from the vibrant center of Allentown, this property offers a rare combination of historical charm and steady cash flow in one of the city's most sought-after rental corridors.Property OverviewThis fully occupied multi-family building is a turnkey opportunity for seasoned investors or those looking to expand their portfolio in a high-demand area.Unit Mix: * 2 Spacious two-bedroom apartments 3 one-bedroom apartments Occupancy: 100% occupied, providing immediate rental income from day one. Historical Character: Built circa 1880, the building retains its classic appeal with brick exterior and high ceilings, while being updated for modern tenancy.Location Unbeatable Proximity: Located just steps (approx. 2 blocks) from the PPL Center and the core downtown business district. Walker's Paradise: Tenants enjoy easy access to local dining, entertainment, and the new developments reshaping the Allentown skyline.Growth Area: The neighborhood is benefiting from significant local investment, including nearby affordable housing projects and commercial revitalization at 8th and Walnut Streets.Market PotentialAllentown continues to show a strong rental market as of April 2026:Demand: Roughly 58% of households in Allentown are renter-occupied.Rent Trends: Average rents for 1-bedroom units in the area are approximately $1,462, with 2-bedroom units averaging $1,814, showing steady year-over-year growth.Investment Stability: With the property fully occupied and located in a high-traffic "Seller's Market," it represents a stable asset with significant long-term appreciation potential.Investor Note: Properties in this historic corridor, such as the neighboring units at 204 N 8th St, have recently demonstrated strong returns, often exceeding a 13% ROI due to the proximity to downtown amenities. Seller has a lot more properties to sell. 135 N 8th is also listed-1 block away.Looking to expand your portfolio? Like this property all of his properties are fully occupied and all are renovated--not a rug in any of them! Showings will be limited to accomadate tenants. Property will be sold with a cleared CO form the city of Allentown!

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning B-2-CENTRAL BUSINESS

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Inclusions Appliances

Heat Source Electric

1-purchase type For Sale

Exterior

Garage Spaces 8

Waterfront N

Water Access N

View City

Accessibility 2+ Access Exits

Parking Type On Street

Total Parking Spaces 8

Building

New Construction N

Lot Dimensions 23.00 x 120.00

Sewer Public Sewer

Water Public

Schools

School District Allentown

Others

Tax Amount $5,181

Tax Year 2025

Tax ID 640700272528-00001

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Special Sale Standard

testyfx76

Listed by james Reardon • eXp Commercial

106 N 8TH ST Allentown, PA 18102