322 RIDGE AVE, Allentown, PA 18102

Building Details

Year Built

1863

Listing office KW Keller Williams Real Estate a***@kw.com Show Phone

Listing date Jul 2, 2026

Source Crexi

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Overview

This three-unit residential income property includes a retail space plus residential units on the second and third floors. The second and third floors are currently occupied by long-term tenants. The seller also has approved plans to create an additional three-bedroom apartment within the retail space, expanding the property’s residential configuration.

The property is located on Ridge Avenue in Allentown, positioned in a residential area approximately three blocks from the newly constructed Jaindl Enterprise Waterfront mixed-use Class A building. The nearby redevelopment efforts align with the area’s Vision 2030 Initiative focused on neighborhood revitalization.

For buyers and investors seeking a small multifamily asset with existing in-place occupancy, the current two occupied residential floors provide immediate rental use. The approved plan to add a third three-bedroom apartment also offers a clear path to increasing residential capacity from the existing retail footprint. The combination of retail and residential zoning of spaces within the same building can support tenants who want a compact, income-oriented property with straightforward unit planning based on the approved concept.

Suggested Use

Dental Office Skin Care Clinic Real Estate Agency Gym & Fitness Center Acupuncture Travel Agency Wine and Liquor Store Bakery Florist Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Allentown

County

Lehigh

State

Pennsylvania

Longitude

-75.4605717

Latitude

40.6107511

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FAQs

What type of property is this?

Triplex - Triplex with two long-term tenants and approved plans to expand residential units within existing retail space.

Where is this triplex located?

The property is located at 322 RIDGE AVE Allentown, PA.

What is the asking price?

The asking price for this property is $414,000.

What are key features of this property?

This property features: Three‑unit investment property in Allentown, PA, built in 1863; Second and third floors are currently occupied by long‑term tenants; Approved plans to create an additional three‑bedroom apartment within the existing retail space