Allentown SRO House Investment
521 N 6th St, Allentown, PA 18102
Performing SRO house in Allentown's rental corridor with strong cashflow.
Type:Multifamily
Property size:
2,208 SFPrice / SF:
$187/SF- Added:
- Feb 26, 2026
- Days on Market:
- 89
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 521 N 6th St
General Information
- Standard status
- Active
- Size
- 2,208 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1890
Listing agent Frank Renaldi License #PA - RM426277
Listing office The Real Estate Firm & Property Management
Listing date Feb 26, 2026
Source Crexi
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
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.
- Positive annual cash flow of approximately $7,035 ($586 per month).
- Low monthly expenses and minimal vacancy.
- Four units with individual kitchens and living spaces; one unit with private bathroom.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.473087
- Latitude
- 40.6104028
Nearby Similar for Sale
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 $415,000.
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.
