All-Brick Four-Unit Apartment
437 Allen Street Allentown, PA 18102
437 Allen Street, Allentown, PA, 18102
$450,000
For Sale
$450,000
MULTI_FAMILY - Allentown City, PA
Property Size2,112 SF
Lot Size0.04 Acres
Price / SF$213.07
Days on Market34
Property Features for 437 Allen Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- R-MH
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 3
- Parking
- 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 640713198921-1
- Size
- 2,112 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4630
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 4
- Building materials
- Brick, Stone
Listing Agency
Steel City Realty
(484) 895-9005
2505 Newburg Road, Bethlehem, PA
Listed by
Joshua Schoenberger
(484) 895-9005
Added: Jun 15 Checked: Jul 18 at 6:06 am
MLS# 779067
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 all-brick, three-story four-unit apartment building is designed for residential income use under R-MH zoning. The property includes three apartment units, along with a large basement and garage space that are described as available for rental. The basement is accessed with only two steps down. Unit mix is described as one 2-bedroom layout and two 1-bedroom configurations. Heating is electric baseboard. The property also has five convenient parking spaces distributed as on- and off-street parking.
The building is located at 437 Allen Street in Allentown City, in Lehigh County, Pennsylvania. The listing materials state the property is positioned in the center of Allentown, with access to downtown amenities and nearby public parks. The remarks also note proximity to major highways and public transportation for commuting throughout the Lehigh Valley.
For prospective owners, this presents a straightforward small multifamily structure with income from multiple units and additional rentable basement and garage space as described in the offering. The configuration and tenant-ready parking can support day-to-day occupancy needs, while the electric baseboard heating provides a consistent, self-contained heating approach across the building.
The building is located at 437 Allen Street in Allentown City, in Lehigh County, Pennsylvania. The listing materials state the property is positioned in the center of Allentown, with access to downtown amenities and nearby public parks. The remarks also note proximity to major highways and public transportation for commuting throughout the Lehigh Valley.
For prospective owners, this presents a straightforward small multifamily structure with income from multiple units and additional rentable basement and garage space as described in the offering. The configuration and tenant-ready parking can support day-to-day occupancy needs, while the electric baseboard heating provides a consistent, self-contained heating approach across the building.
Key Highlights
- All‑brick, three‑story 4‑unit multifamily building (3 apartments plus basement and garage space).
- Year built 1900; heated with electric baseboard.
- Public utilities: public water and public sewer.
Local Financial Insights For Multifamily LT 5
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 | $34.2k | $16.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $31.6k | $14.99 |
| − OpEx | −$9.5k | −$4.50 |
| NOI | $22.2k | $10.49 |
2,112 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,487 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$414.9K
$363.1K – $484.1K
NOI $29,044 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit residential income building with basement and garage, plus on- and off-street parking for tenants.
Where is this quadplex located?
The property is located at 437 Allen Street Allentown, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: All‑brick, three‑story 4‑unit multifamily building (3 apartments plus basement and garage space).; Year built 1900; heated with electric baseboard.; Public utilities: public water and public sewer.
