521 West Walnut Street, Allentown PA 18101

$379,000

521 West Walnut Street, Allentown, PA 18101

bedrooms

bathrooms

square feet

2,564

Acreage

0.051

Open Houses

year built

1901

Full Baths

Half Baths

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3-unit recently renovated apartment building for rent in desirable downtown Allentown. This building sits in a prime location that is currently being under-utilized. The front building has two units - unit one is a studio/one bedroom apartment that is currently leased, ending mid-April 2025. Unit two is currently month to month. The rear two-story building holds a large garage with separate entrances that is not currently leased. The upstairs unit is set up as an apartment and currently zoned as a commercial unit by the City. It has a tenant and a back-up tenant for the space. This property has great potential to substantially increase its value due to its location, current rents, utility charges and the explosive growth in downtown Allentown. There are a total of four income streams for this property. This is CURRENTLY a 9.5 CAP RATE with garage rented and room to grow!

Location
Subdivision	Not in Development
County	Lehigh
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 750467

Listing agent: Lenore J. Mohr

Listing broker: Keller Williams Real Estate (610) 867-8888

Copyright © 2025 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 15 2025 at 3:09 a.m. EST

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