Allentown SRO House Investment
521 N 6th St Allentown, PA 18102
521 N 6th St, Allentown, PA, 18102
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For Sale
Contact for pricing
Pending
Performing SRO house in Allentown's rental corridor with strong cashflow.
Property Size2,208 SF
Days on Market141
Property Features for 521 N 6th St
General Information
- Standard status
- Pending
- Size
- 2,208 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1890
Listing Agency
The Real Estate Firm & Property Management
Listed by
Frank Renaldi · License #PA - RM426277
Source
Crexi
Added: Feb 26 Checked: Jul 17 at 4:47 am
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 The Real Estate Firm & Property Management
Investment Insights
Based on property information with market context.
This Single Room Occupancy (SRO) house is located in the heart of Allentown’s rental corridor. The property generates approximately $37,656 in annual gross income, producing a Net Operating Income of $31,490 and an attractive 7.59% cap rate. With minimal vacancy, this asset delivers positive annual cash flow of approximately $7,035, equating to roughly $586 per month in net income. Buyers can expect a first-year return on equity of approximately 22.5%, supported by stable cash flow, principal reduction, and appreciation. The first and second floors have a total of 4 units, two on each level, and each has their own kitchen and living space. The tenants maintain the common bathrooms, one on each floor. The 3rd floor unit has its own private bathroom. The property size is 2208 square feet.
Key Highlights
- Attractive 7.59% cap rate.
- Strong in‑place cash flow with $31,490 Net Operating Income.
- Projected 22.5% first‑year return on equity.
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 | $39.7k | $18.00 |
| − Vacancy | −$2.7k | −$1.22 |
| EGI | $37.0k | $16.78 |
| − OpEx | −$16.7k | −$7.55 |
| NOI | $20.4k | $9.23 |
2,208 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$291.0K
$254.7K – $339.6K
NOI $20,373 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$433.8K
$379.6K – $506.1K
NOI $30,364 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Performing SRO house in Allentown's rental corridor with strong cashflow.
Where is this multifamily property located?
The property is located at 521 N 6th St Allentown, PA.
What is the asking price?
The asking price for this property is $382,500.
What are key features of this property?
This property features: Attractive 7.59% cap rate.; Strong in‑place cash flow with $31,490 Net Operating Income.; Projected 22.5% first‑year return on equity.
