40 12Th StAllentown, PA 18101

Property Details for 40 12Th St

Year built

1900

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

2,750 SF

Zone code

R-H

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

549689073380-1

APU

5496890733801

Description

This exceptional three-unit apartment building, located at 40 N 12th St in Allentown, Pennsylvania, presents a compelling investment opportunity. Built in 1900, this three-story structure boasts a total of 2,750 square feet situated on a 0.06-acre lot. The property features three individual units, each offering significant rental potential, contributing to a strong net operating income (NOI) of $35,336, resulting in an attractive 9.06% capitalization rate. The asking price is $389,900, translating to $141.78 per square foot and $129,967 per unit. The property is zoned R-H, and includes the convenience of two off-street parking spaces. The building's location in Allentown, Lehigh County, PA (zip code 18101) offers easy access to local amenities and transportation. With its solid income stream and potential for future appreciation, this property represents a rare opportunity for investors seeking a profitable multifamily investment in a desirable Pennsylvania location. The property's APN is 549689073380001. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6006

Longitude

-75.4826

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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