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Redevelopment Income Multifamily Site

953 W Walnut Street Allentown, PA 18102

New
953 W Walnut Street, Allentown, PA, 18102
$1,099,900
For Sale
Claim this Listing
$1,099,900

MULTI_FAMILY - Allentown City, PA

Property Size1,086 SF
Lot Size0.12 Acres
Price / SF$1,012
AddedJul 13
Days on Market2
Last RefreshJul 14 at 3:06 pm

Property Features for 953 W Walnut Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
B-2-CENTRAL BUSINESS
Parking
10
Parking features
Off Street, On Street
Standard status
Active
APN
549699630057001
Size
1,086 SF
Lot size
0.12 Acres

Taxes and HOA fees

Tax Annual Amount
4250

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public

Building Details

Year built
1950
Number of units
1

Listing agent Andrew A. Ginsburg

Listing office BHHS Regency Real Estate 811 N 19th Street, Allentown, PA

Listing date Jul 13, 2026

MLS# 780645 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.

This multifamily property sits on a 50' x 108' lot within the Neighborhood Improvement Zone (NIZ). The existing building is currently rented, providing income while redevelopment planning is underway. The property is zoned B-2-CENTRAL BUSINESS with no maximum building height and no maximum building coverage, subject to the applicable limits within the zoning framework described in the listing.

The neighboring lot is noted as having approval for a 34-story building, and the listing suggests this site may be capable of supporting the same or potentially more stories, subject to approvals. The property is located near the new Maple Street Parking Deck and the listing references over $1 billion in nearby development activity, including the Divinci Science Center, PPL Event Center, Archer Music Hall, Moxy Hotel, restaurants, retail, and nightlife.

For-sale, the offering is represented as an income-producing redevelopment opportunity at 953 W Walnut Street in Allentown City, PA 18102.

Key Highlights

  • 50' x 108' lot in the Neighborhood Improvement Zone (NIZ)
  • B‑2 zoning: no maximum building height and no maximum building coverage reported
  • Neighboring lot approved for a 34‑story building

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Skin Care Clinic Gym & Fitness Center Carpet & Flooring Store Locksmith Travel Agency Acupuncture Veterinary Clinic Bakery (Bike/Boat/Book/etc) Store Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - B-2 zoned multifamily site with an existing rented building on a 50' x 108' lot.
Where is this multifamily property located?
The property is located at 953 W Walnut Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 50' x 108' lot in the Neighborhood Improvement Zone (NIZ); B‑2 zoning: no maximum building height and no maximum building coverage reported; Neighboring lot approved for a 34‑story building
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