Investment Opportunity in the Heart of Allentown! Add a versatile income-producing property to your portfolio with this three-unit apartment building in the heart of Allentown! Each unit offers one bedroom and one full bathroom, providing a practical rental layout for tenants. The current tenants keep their apartments clean, and the utility setup helps keep ownership expenses manageable, with tenants responsible for their own heat and electric while the owner pays for water. Looking beyond the current rental income? This property may offer an exciting future development opportunity. The potential to build up to seven stories could create additional possibilities for expanded income or redevelopment, subject to verification and approval by the City of Allentown. Buyers are encouraged to independently confirm current zoning, permitted uses, building height, density, and all applicable development requirements with the City. Conveniently located near shopping, restaurants, parks, and major highways, this property offers both accessibility and long-term investment potential. Whether you're expanding your rental portfolio or exploring future development opportunities, this Allentown property is worth a closer look!
Listing courtesy of Keller Williams Allentown. Contact:
The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of the Greater Lehigh Valley REALTORS® Multiple Listing Service. The information being provided is for consumes personal, non-commercial use and may not be used for any purpose. Information is deemed reliable but not guaranteed. Copyright 2026 Greater Lehigh Valley REALTORS®.