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322 Ridge Ave Apartment Building $414,000 Allentown, PA 18102
Executive Summary
For sale: three-unit investment property located in Allentown, PA.
Long-term tenants currently occupy the second and third floors, and there are approved plans to create a third three-bedroom apartment in the retail space. This property is situated in a vibrant residential area on Ridge Avenue, just three blocks from the newly constructed Jaindl Enterprise Waterfront mixed-use Class A building. Allentown’s Vision 2030 Initiative includes plans for neighborhood revitalization, making this location a strategic investment opportunity.
Long-term tenants currently occupy the second and third floors, and there are approved plans to create a third three-bedroom apartment in the retail space. This property is situated in a vibrant residential area on Ridge Avenue, just three blocks from the newly constructed Jaindl Enterprise Waterfront mixed-use Class A building. Allentown’s Vision 2030 Initiative includes plans for neighborhood revitalization, making this location a strategic investment opportunity.
Property Facts
| Price | $414,000 | Lot Size | 0.12 AC |
| Sale Type | Investment or Owner User | Building Size | 4,500 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1863 |
| Building Class | C | ||
| Zoning | R-MH - Medium High Density Residential | ||
| Price | $414,000 |
| Sale Type | Investment or Owner User |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,500 SF |
| No. Stories | 3 |
| Year Built | 1863 |
| Zoning | R-MH - Medium High Density Residential |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 640743056829-1 | Improvements Assessment | $160,500 |
| Land Assessment | $20,000 | Total Assessment | $180,500 |
Property Taxes
Parcel Number
640743056829-1
Land Assessment
$20,000
Improvements Assessment
$160,500
Total Assessment
$180,500
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322 Ridge Ave