Turnkey Multifamily Investment
732 W Tilghman Street Allentown, PA 18102
732 W Tilghman Street, Allentown, PA, 18102
$1,395,000
For Sale
$1,395,000
MULTI_FAMILY - Allentown City, PA
Property Size7,076 SF
Lot Size0.08 Acres
Price / SF$197.15
Days on Market75
Property Features for 732 W Tilghman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-MH
- Bedrooms
- 14
- Bathrooms
- 6
- Rooms
- Bedroom 11, Bathroom 3, Bedroom 5, Bedroom 13, Bedroom 9, Bedroom 7, Bedroom 10, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 8, Bathroom 5, Bathroom 2, Bedroom 14, Bathroom 1, Bathroom 6, Bedroom 3, Bedroom 12, Bedroom 4, Bathroom 4
- Parking
- 6
- Parking features
- Garage
- Standard status
- Active
- APN
- 549793368631 1
- Size
- 7,076 SF
- Lot size
- 0.08 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Floors in Building
- 3
- Number of units
- 6
- Building materials
- Brick
Listing Agency
BHHS Regency Real Estate
(610) 432-5252
811 N 19th Street, Allentown, PA
Listed by
Andrew A. Ginsburg
(610) 393-0892
Added: May 5 Checked: Jul 18 at 3:06 am
MLS# 774455
Listing URL
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.
Located in Allentown City, PA, 732 Tilghman Street presents a 6-unit multifamily property, offering a turnkey investment opportunity. The property generates a rental income of $132,000 annually and includes drive-in off-street parking. The building has been fully gut renovated down to the brick walls and rebuilt with new construction interiors. The property features a new roof, new windows, new drywall, new trim and doors, recessed lighting, updated interiors, electric baseboard heat, electric hot water, separate electric utilities, in-unit washer/dryers, and security cameras. Each apartment features hardwood flooring, white shaker cabinetry, quartz countertops, and modern, durable finishes. The property is positioned to provide stable income, easier management, and reduced maintenance demands. The location is near Route 222 and Downtown Allentown, which has undergone significant redevelopment, including the PPL Center arena, the Da Vinci Science Center, the Moxy Hotel, Archer Music Hall, restaurants, entertainment venues, offices, and new residential development. The property is located within one of the Lehigh Valley's most active growth corridors. The property occupies a lot of 0.076 acres and has a building size of 7076 square feet.
Key Highlights
- Turnkey 6‑unit multifamily property with strong in‑place rental income of $132,000 annually.
- Fully renovated with new construction interiors, roof, windows, and modern finishes; designed for low‑maintenance and tenant appeal.
- Each unit features in‑unit washer/dryers, hardwood flooring, white shaker cabinetry, and quartz countertops.
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 | $127.4k | $18.00 |
| − Vacancy | −$8.7k | −$1.22 |
| EGI | $118.7k | $16.78 |
| − OpEx | −$53.4k | −$7.55 |
| NOI | $65.3k | $9.23 |
7,076 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$932.7K
$816.1K – $1.09M
NOI $65,289 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,309 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with strong rental income in Allentown, PA.
Where is this apartment building located?
The property is located at 732 W Tilghman Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Turnkey 6‑unit multifamily property with strong in‑place rental income of $132,000 annually.; Fully renovated with new construction interiors, roof, windows, and modern finishes; designed for low‑maintenance and tenant appeal.; Each unit features in‑unit washer/dryers, hardwood flooring, white shaker cabinetry, and quartz countertops.
