442 N 5th St Allentown, PA 18102

Listing agency Berkshire Hathaway HomeServices Fox & Roach REALTORS Macungie

Listed by Paula Meilinger · License #PA RS326637

Source Crexi

Added: Apr 12 Updated: Jul 22 at 12:17AM Checked: Jul 22 at 12:17AM

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Investment Insights

Based on property information with market context.

This 8-unit multifamily building includes seven apartments that have been renovated with new kitchens, bathrooms, flooring, and windows. The unit mix is primarily one bedroom with separate living and dining areas, good in-unit storage, and high ceilings. Several units are configured to accommodate washer/dryer setups within the apartments, and units 3, 5, and 7 feature an extra bump-out for additional space. Two units also have convenient outside entrances and, based on the provided description, have potential to be converted to two-bedroom layouts.

On-site parking is provided in a secure, gated parking lot for tenants. Updates include a new front door and a new rubber roof completed in 2021. The building is described as being in a residential part of the city with a playground and park nearby, and it is also close to PPL Center, restaurants, transportation, shopping, and schools. Tenants pay their own utilities.

The property is offered as a for-sale investment with a current gross income referenced in the remarks of $127,320.

Key Highlights

• 8‑unit building with 1‑bedroom units in Allentown
• 7 units renovated with new kitchens, bathrooms, flooring, and windows
• Secure, gated on‑site parking lot for tenants

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FAQs

What type of property is this?

Apartment building - Eight one-bedroom apartments with secured gated parking, tenant-paid utilities, and extensive recent renovations.

Where is this apartment building located?

The property is located at 442 N 5th St Allentown, PA.

What are key features of this property?

This property features: 8‑unit building with 1‑bedroom units in Allentown; 7 units renovated with new kitchens, bathrooms, flooring, and windows; Secure, gated on‑site parking lot for tenants