Finished Attic Multi-Family
274 E Elm Street Allentown, PA 18109
274 E Elm Street, Allentown, PA, 18109
$234,900
For Sale
$234,900
MULTI_FAMILY - Allentown City, PA
Property Size1,281 SF
Lot Size0.03 Acres
Price / SF$183.37
Days on Market111
Property Features for 274 E Elm Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-Mh-Medium High Density
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
- Parking
- 1
- Parking features
- Garage
- Standard status
- Active
- APN
- 640781263518 001
- Size
- 1,281 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2392
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Brick
Listing Agency
Howard Hanna TheFrederickGroup
(610) 398-0411
3500 Winchester Rd, Ste 201, Allentown, PA
Listed by
Heather Kidd
(610) 398-0411
Added: Mar 30 Checked: Jul 18 at 9:06 am
MLS# 772601
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This multi-family residence includes comfortable living areas supported by an updated, functional kitchen and well-proportioned bedrooms. A finished attic adds flexible space for occupants, and recent improvements along with efficient mechanical systems are in place to support day-to-day ownership. Outside, the property offers a manageable yard and off-street parking options.
Located on Allentown’s East Side, the property is identified under R-Mh-Medium High Density zoning. The site is sized at approximately 0.033 acres, with the home totaling about 1,281 square feet.
For buyers seeking a multi-family setup with practical interior flexibility, the finished attic and updated kitchen provide immediate utility. The presence of a yard and off-street parking can improve tenant convenience and ease of upkeep, while the recent improvements and efficient mechanical systems may support a straightforward move-in or operating plan.
Located on Allentown’s East Side, the property is identified under R-Mh-Medium High Density zoning. The site is sized at approximately 0.033 acres, with the home totaling about 1,281 square feet.
For buyers seeking a multi-family setup with practical interior flexibility, the finished attic and updated kitchen provide immediate utility. The presence of a yard and off-street parking can improve tenant convenience and ease of upkeep, while the recent improvements and efficient mechanical systems may support a straightforward move-in or operating plan.
Key Highlights
- Brick home built in 1900 with public water and public sewer
- 3 bedrooms and 1 bathroom, with a finished attic adding extra flexible space
- Updated kitchen as part of the home’s interior layout
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $18.00 |
| − Vacancy | −$1.6k | −$1.22 |
| EGI | $21.5k | $16.78 |
| − OpEx | −$9.7k | −$7.55 |
| NOI | $11.8k | $9.23 |
1,281 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$168.9K
$147.8K – $197.0K
NOI $11,820 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$251.7K
$220.2K – $293.6K
NOI $17,616 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Multi-family home with an updated kitchen, finished attic, yard, and off-street parking in Allentown’s East Side.
Where is this single family property located?
The property is located at 274 E Elm Street Allentown, PA.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Brick home built in 1900 with public water and public sewer; 3 bedrooms and 1 bathroom, with a finished attic adding extra flexible space; Updated kitchen as part of the home’s interior layout
