Residential Income
620 1/2 W Cedar Street Allentown, PA 18102
For Sale
$199,500
MULTI_FAMILY - Allentown City, PA
Property Size1,440 SF
Lot Size0.03 Acres
Price / SF$138.54
Days on Market54
Property Features for 620 1/2 W Cedar Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-MH
- Bedrooms
- 5
- Bathrooms
- 1
- Rooms
- Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
- Parking
- 1
- Parking features
- Off Street, On Street
- Standard status
- Active
- APN
- 549794678870-1
- Size
- 1,440 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1877
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 3
- Number of units
- 1
- Building materials
- Brick, VinylSiding
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Anis A. Atiyeh
(484) 241-1011
Added: Jun 4
Changed: Jul 24
Last Checked: Jul 27 at 3:06AM
MLS# 778359
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 vacant residential property is being sold as-is and features five bedrooms and one bathroom. The first floor includes a spacious living area that flows into the kitchen, while the upper levels provide the bedrooms and the full bathroom. The home also offers a decent-sized backyard and off-street parking.
Located in Allentown City, Pennsylvania (Lehigh County), the address is 620 1/2 W Cedar Street, 18102.
The property is positioned for flexible ownership strategies, including rental or renovation-based approaches, with delivery in vacant condition providing a clean starting point for a new owner.
Located in Allentown City, Pennsylvania (Lehigh County), the address is 620 1/2 W Cedar Street, 18102.
The property is positioned for flexible ownership strategies, including rental or renovation-based approaches, with delivery in vacant condition providing a clean starting point for a new owner.
Key Highlights
- 1901‑built 5‑bedroom, 1‑bathroom home in Allentown City
- First floor includes a living area flowing into the kitchen; upper levels feature the bedrooms and full bathroom
- Delivered vacant for a new owner; sold as‑is
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 | $25.9k | $18.00 |
| − Vacancy | −$1.8k | −$1.22 |
| EGI | $24.2k | $16.78 |
| − OpEx | −$10.9k | −$7.55 |
| NOI | $13.3k | $9.23 |
1,440 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$189.8K
$166.1K – $221.5K
NOI $13,287 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Vacant single-family income property with five bedrooms, one bath, backyard, and off-street parking, sold as-is.
Where is this single family property located?
The property is located at 620 1/2 W Cedar Street Allentown, PA.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: 1901‑built 5‑bedroom, 1‑bathroom home in Allentown City; First floor includes a living area flowing into the kitchen; upper levels feature the bedrooms and full bathroom; Delivered vacant for a new owner; sold as‑is
