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Shanisa Galette

shanisa@galetterealty.com +1(571) 315-3034

Listed by james Reardon • eXp Commercial

$ 575,000

Est. payment | -/mo

2,220 Sqft Lot

Save

$ 575,000

Est. payment | -/mo

Save

2,220 Sqft Lot

Open House

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

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

MLS Listing ID PALH2015224

Style Other

Year Built 1900

Annual Tax Amount $4,029

Tax Year 2025

Lot Size 2,220 Sqft

Acres 0.05

Lot Dimensions 19.00 x 120.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Annual Income: $61,020.00 Net Operating Income (NOI): $48,499.06. Prime Investment Opportunity: Turn-Key 4-Unit 100% occupied Brick Multi-Family in Allentown. Presenting a meticulously maintained, all-brick 4-unit residential building located in the heart of Allentown at 135 N 8th Street. This property offers a robust mix of units and consistent cash flow, making it an ideal addition to a savvy investor's portfolio or a perfect house-hacking opportunity. 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 Overview This fully occupied multi-family building is a turnkey opportunity for seasoned investors or those looking to expand their portfolio in a high-demand areaFinancial Performance :efficient Expense Ratio: Low owner-paid utilities and well-managed operating costs. Unit Breakdown & Revenue The building features a diverse unit mix to maximize occupancy and appeal to a wide range of tenants. Property Features & Updates Solid Construction: Classic all-brick exterior provides durability and timeless curb appeal with minimal maintenance.Prime Location: Situated in the 18102 zip code, tenants enjoy easy access to downtown Allentown's amenities, dining, and public transportation.Proven Track Record: Conservative 5% vacancy is already factored into the financial projections, showing a high-performing asset.Investment Summary with a Net Profit of over $48,000 annually, this property stands out as a high-yield asset in a growing market. The heavy lifting has been done—bring your portfolio to the next level with this stable, brick-and-mortar investment.Schedule your private showing today and secure your position in the Allentown rental market. Seller has a lot more properties to sell. 106 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 from the city of Allentown!

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning B-2

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Flooring Ceramic Tile, Engineered Wood, Luxury Vinyl Plank

Fireplace N

Heat Source Electric

Exterior

Water Access N

Roof Type Architectural Shingle

Accessibility 2+ Access Exits

Garage N

Building

Foundation Brick/Mortar, Stone, Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Allentown

Others

Tax ID 640701216295-00001

Ownership Fee Simple

Special Listing Condition Standard

Nearby Locations

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Shanisa Galette

Agent | License ID: 0225234831

+1(571) 315-3034

shanisa@galetterealty.com

www.shanisagalette.com

4500 Pond Way, Woodbridge, VA, 22192-5581, USA

135 N 8TH ST Allentown, PA 18102

Shanisa Galette

Open House

Key Details

Location

Interior

Exterior

Building

Schools

Others

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135 N 8TH ST