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424 N 6th St - 3 Unit in Allentown (424 N 6th) 3 Unit Apartment Building Offered at $340,000 at a 8.46% Cap Rate Allentown, PA 18102
Investment Highlights
- Parking
- Separate utilities.
- Fully Occupied
Executive Summary
Fully Occupied 3-Unit Investment Property with Parking – Allentown, PA Excellent opportunity to own a fully leased 3-unit building in Allentown with off-street parking. Unit 2 pays all utilities, while the landlord currently covers water, sewer, and trash for Units 1 and 3—offering a clear path to increase cash flow by shifting utilities to tenants at renewal. A strong value-add opportunity with potential to become a near expense-free asset.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $340,000 | Building Size | 2,600 SF |
| Price Per Unit | $113,333 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 8.46% | Year Built | 1890 |
| No. Units | 3 | Parking Ratio | 0.77/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $340,000 |
| Price Per Unit | $113,333 |
| Sale Type | Investment |
| Cap Rate | 8.46% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 2,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1890 |
| Parking Ratio | 0.77/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 3+1 | 1 | - | - |
| Studios | 1 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 640702680553-1 | Total Assessment | $81,700 (2026) |
| Land Assessment | $7,200 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $74,500 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
640702680553-1
Land Assessment
$7,200 (2026)
Improvements Assessment
$74,500 (2026)
Total Assessment
$81,700 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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424 N 6th St - 3 Unit in Allentown (424 N 6th)
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