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1037 W Turner St - 1037 W Turner St (6 Unit in Allentown) 6 Unit Apartment Building Offered at $700,000 at a 10.39% Cap Rate Allentown, PA 18102
Executive Summary
Fully Occupied 6-Unit Investment Property with Garage – Strong Cash Flow! This well-maintained six-unit apartment building offers excellent income potential with 100% occupancy and tenants responsible for all utilities. The property includes a 1-car garage for added value and storage. Tenants also reimburse the owner for snow removal, keeping operating costs low. A solid, low-maintenance investment in a stable rental market—perfect for both new and experienced investors seeking dependable cash flow.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $700,000 | Building Size | 4,860 SF |
| Price Per Unit | $116,667 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 10.39% | Year Built | 1880 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $700,000 |
| Price Per Unit | $116,667 |
| Sale Type | Investment |
| Cap Rate | 10.39% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,860 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1880 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,104 | - |
| 2+1 | 1 | $1,201 | - |
1 1
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 549780564827-1 | Improvements Assessment | $184,600 |
| Land Assessment | $7,200 | Total Assessment | $191,800 |
Property Taxes
Parcel Number
549780564827-1
Land Assessment
$7,200
Improvements Assessment
$184,600
Total Assessment
$191,800
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1037 W Turner St - 1037 W Turner St (6 Unit in Allentown)
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