For Sale
$395,000

22 13Th StAllentown, PA 18102

Five-unit building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 5-unit multifamily property located at 22 S 13th St, Allentown, PA 18102. Built in 1905, this two-story building encompasses 2,404 square feet and currently boasts 80% occupancy. The property comprises one spacious apartment and four shared rooms, catering to a diverse range of tenants and maximizing rental income potential. This unique configuration offers a blend of traditional and co-living spaces, addressing the growing demand for affordable housing options in Allentown's thriving rental market. The property's current Net Operating Income (NOI) stands at $39,765, demonstrating its strong financial performance. The asking price is $395,000. Situated in Lehigh County, this property benefits from Allentown's revitalization and job growth, ensuring a stable tenant base and consistent rental income. The efficient layout allows for streamlined management and quick tenant turnover, contributing to high occupancy rates. This property presents a compelling investment opportunity with potential for value enhancement through minor upgrades, further increasing its profitability and return on investment. The property's strategic location and adaptable design make it an attractive asset for investors seeking a stable and income-generating property in a dynamic market. This is a rare opportunity to acquire a well-performing multifamily building in a desirable location.

Property Details for 22 13Th St

Property type
Apartment buildings
Square Feet
2,404 SF
Year Built
1905
Buildings
1
Stories
2
Units
5

Location Insight

City
Allentown
County
Lehigh
State
Pennsylvania
Latitude
40.5981873
Longitude
-75.4837597
22 13Th St, Allentown, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
22 13Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message