Three-Unit Multifamily Property with
For Sale
Contact for pricing
Pending
514 N 15th St, Allentown, PA 18102
Three structures include residential units, individual garages, and separate utility billing for each occupant.
Property SizeContact for details
Days on Market144
Property Features for 514 N 15th St
General Information
Standard status
Pending
Total Parking Spaces
6
Property subtype
Multifamily
Net Operating Income
$43,855
Property Condition
Severity
Major Repairs Needed
Evidence
being completely gutted & remodeled
Financials
Cap Rate
8.52%
Gross Income
$57,900
Average Monthly Rent
$1,450
Units
Unit Mix
1 x 3BR/1.5BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Building Details
Buildings
3
Listing Agency:
Steel City Realty
(484) 866-2495
Listed By:
James Reardon · License #PA RS337438
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 4:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steel City Realty
Investment Insights
Based on property information with market context.
This multifamily property comprises three structures on one parcel, including a 1,900 SF single-family residence and two one-bedroom, one-bath apartments. The house has 3/4BRs, 1.5 BA, a new kitchen, updated flooring, fresh paint, a first-floor washer and dryer, and additional improvements. The apartment buildings each place one unit above three individual single-car garages, providing six garages in total. A 10-year-old roof serves the property, and the improvements include stainless appliances, washers and dryers, updated electrical systems, flooring, and paint.
The property has a clear Certificate of Occupancy, with separate utilities paid by tenants. It is located across the street from Luis Ramos Elementary and Jackson Childhood Centre, with LV Hospital, CVS, and other amenities within walking distance. The address is 514 N 15th St, Allentown, PA 18102.
The property has a clear Certificate of Occupancy, with separate utilities paid by tenants. It is located across the street from Luis Ramos Elementary and Jackson Childhood Centre, with LV Hospital, CVS, and other amenities within walking distance. The address is 514 N 15th St, Allentown, PA 18102.
Key Highlights
- Three residential units across three structures on one parcel
- Six individual single‑car garages, including garages beneath the apartment buildings
- 1,900 SF single‑family residence with 3/4BRs and 1.5 BA
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three structures include residential units, individual garages, and separate utility billing for each occupant.
Where is this multifamily property located?
The property is located at 514 N 15th St Allentown, PA.
What are key features of this property?
This property features: Three residential units across three structures on one parcel; Six individual single‑car garages, including garages beneath the apartment buildings; 1,900 SF single‑family residence with 3/4BRs and 1.5 BA
