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135 N 8th St, Allentown, PA, 18102

7beds
--baths
0sqft
$575,000
--price/sqft
$4,130/moest. monthly cost
$165,200/yrincome needed

About This Home

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!

Getting Around

95
WalkingWalker's Paradise
47
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

3/10
2/10
William Allen High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Brick/Mortar,Stone,Concrete Perimeter
  • Roof: Architectural Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 7

Features

  • Flooring: Ceramic Tile,Engineered Wood,Luxury Vinyl

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 0

Property

Accessibility

  • Accessibility features: 2+ Access Exits

Details

  • Parcel number: 64070121629500001
  • Zoning: B-2
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 2,220 sqft
  • Lot size dimensions: 19.00 x 120.00

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes