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Most Expensive Homes In Allentown PA

Search The Most Expensive Luxury and Upscale Homes For Sale In Allentown PA

Luxury Allentown Home Listings

628 S Fawn St, Allentown
$2,049,000
12 Beds ⋅ 12 Baths ⋅ 786693 MLS
Fully occupied 12-unit garden-style apartment building built in 1985, currently generating $206,040 in actual annual gross income and $159,742 in actual annual net income. The property features twelve 1-bedroom apartments across three floors, offering a consistent and desirable unit mix in the heart of the Lehigh Valley. Unlike many older multifamily buildings in the area, this property benefits from more modern construction, layouts, and building systems, helping reduce long-term maintenance concerns. The seller has invested nearly $100,000 in improvements recently. All three floors of interior hallways have been updated with new carpeting, fresh paint, and lighting. Most apartments have received new appliances, while many units have undergone significant renovations, including updated kitchens, new countertops, cabinets, vinyl plank flooring, and fresh paint. Tenants pay their own electric and heat, with separate electric baseboard heating in each apartment. This eliminates the need for the owner to maintain or replace a central heating system, helping keep operating expenses low. The property also offers coin-operated laundry on-site, with two recently replaced machines, providing additional income beyond apartment rents. Located in South Allentown, a core Lehigh Valley location, the property offers convenient access to Route 309, I-78, Lehigh Valley Hospital–Cedar Crest, St. Luke's, and major employment centers throughout the region. The surrounding area benefits from strong rental demand driven by healthcare, logistics, retail, and other major employers. With full occupancy, nearly $100,000 in recent improvements, tenant-paid heating, additional laundry income, and room for rent growth, this property is an excellent opportunity for investors looking to acquire a larger, well-maintained multifamily asset with strong cash flow and long-term potential in the Lehigh Valley.

628 S Fawn St, Allentown

19 N 11th St, Allentown
$1,295,000
782592 MLS
A rare opportunity to acquire a Fully Approved Multifamily Development opportunity located at the corner of Hamilton Street and North 11th Street in Center City Allentown. The project consists of 43 residential units and 1 ground-floor commercial space, designed as a five-story, highly efficient building featuring a double-loaded corridor layout and modern urban façade. The project is currently in final resolution compliance and should be finalized in the next 60 days, offering a near shovel-ready opportunity with minimal remaining pre-development scope. The unit mix is optimized for rental demand, with a strong concentration of efficiently sized one-bedroom units complemented by two-bedroom layouts for additional revenue potential. The property is being sold with partial Architectural plans the buyer would have to finalize structural and MEPs based on the design of their choosing. Parking for this building is secured across the street at 1128 W. Hamilton for a total of 30 spots and will be rented at a lower rate than Allentown Parking Authority. Located in the heart of Center City Allentown, the Property is positioned within one of the most actively transforming urban cores in Pennsylvania. The site benefits from immediate proximity to the PPL Center, a major regional entertainment venue that has catalyzed billions of dollars in public and private investment throughout the surrounding downtown corridor. Additionally, the Property is located near Archer Music Hall and the new Moxy Hotel further enhancing the neighborhood’s appeal as a growing entertainment and lifestyle destination. Plans available by request.

19 N 11th St, Allentown

19 N 11th St, Allentown
$1,295,000
51 Beds ⋅ 44 Baths ⋅ 774456 MLS
A rare opportunity to acquire a Fully Approved Multifamily Development opportunity located at the corner of Hamilton Street and North 11th Street in Center City Allentown. The project consists of 43 residential units and 1 ground-floor commercial space, designed as a five-story, highly efficient building featuring a double-loaded corridor layout and modern urban façade. The project is currently in final resolution compliance and should be finalized in the next 60 days, offering a near shovel-ready opportunity with minimal remaining pre-development scope. The unit mix is optimized for rental demand, with a strong concentration of efficiently sized one-bedroom units complemented by two-bedroom layouts for additional revenue potential. The property is being sold with partial Architectural plans the buyer would have to finalize structural and MEPs based on the design of their choosing. Parking for this building is secured across the street at 1128 W. Hamilton for a total of 30 spots and will be rented at a lower rate than Allentown Parking Authority. Located in the heart of Center City Allentown, the Property is positioned within one of the most actively transforming urban cores in Pennsylvania. The site benefits from immediate proximity to the PPL Center, a major regional entertainment venue that has catalyzed billions of dollars in public and private investment throughout the surrounding downtown corridor. Additionally, the Property is located near Archer Music Hall and the new Moxy Hotel further enhancing the neighborhood’s appeal as a growing entertainment and lifestyle destination. Plans available by request.

19 N 11th St, Allentown

812 W Hamilton St, Allentown
$6,500,000
PALH2012700 MLS
Fegley’s Brew Works Building – an iconic, income-producing commercial asset located in the heart of Downtown Allentown. This five-story, ±51,816 square foot mixed-use building is ideally situated in the Neighborhood Improvement Zone (NIZ), offering rare access to significant development incentives and one of the city’s most vibrant and high-traffic corridors. Fully renovated in 2009 and meticulously maintained, the building features a dynamic blend of hospitality, entertainment, and office space. The lower level, ground floor, and multiple upper levels are outfitted for events and hospitality, including a commercial kitchen and support spaces across several floors. The third and fifth floors offer large, open layouts with high ceilings, ideal for event use or easily convertible into creative office space. The fourth floor is currently leased to two office tenants and showcases a stylish design with exposed brick and glass walls, generating immediate rental income. Two additional floors are used as owner-occupied office and production space, offering flexibility for future repositioning. On-site brewing infrastructure remains in place, available for sale for continued use or repurposing. Whether you’re an investor seeking income and upside, or an owner-operator looking for a flagship location, this high-profile property offers unmatched visibility, walkability, and potential—just steps from the PPL Center, Da Vinci Science Center, and Archer Music Hall.

812 W Hamilton St, Allentown

812 W Hamilton St, Allentown
$6,500,000
761315 MLS
Fegley’s Brew Works Building – an iconic, income-producing commercial asset located in the heart of Downtown Allentown. This five-story, ±51,816 square foot mixed-use building is ideally situated in the Neighborhood Improvement Zone (NIZ), offering rare access to significant development incentives and one of the city’s most vibrant and high-traffic corridors. Fully renovated in 2009 and meticulously maintained, the building features a dynamic blend of hospitality, entertainment, and office space. The lower level, ground floor, and multiple upper levels are outfitted for events and hospitality, including a commercial kitchen and support spaces across several floors. The third and fifth floors offer large, open layouts with high ceilings, ideal for event use or easily convertible into creative office space. The fourth floor is currently leased to two office tenants and showcases a stylish design with exposed brick and glass walls, generating immediate rental income. Two additional floors are used as owner-occupied office and production space, offering flexibility for future repositioning. On-site brewing infrastructure remains in place, available for sale for continued use or repurposing. Whether you’re an investor seeking income and upside, or an owner-operator looking for a flagship location, this high-profile property offers unmatched visibility, walkability, and potential—just steps from the PPL Center, Da Vinci Science Center, and Archer Music Hall.

812 W Hamilton St, Allentown

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The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
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