Multifamily Development Lot Zoned
For Sale
$1,099,900
953 W Walnut Street, Allentown, PA 18102
MULTI_FAMILY - Allentown City, PA
Property Size1,086 SF
Lot Size0.12 Acres
Price / SF$1,012
Days on Market25
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
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
South on 12th Street - Left on Walnut - Property on corner of 9th & Walnut
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 Agency:
BHHS Regency Real Estate · Prudential Real Estate
(610) 432-5252
Listed By:
Andrew A. Ginsburg
(610) 393-0892
Added: Jul 13
Changed: Aug 1
Last Checked: Aug 6 at 2:06PM
MLS# 780645
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Investment Insights
Based on property information with market context.
This multifamily development lot totals 0.124 acres and measures 50' x 108'. The existing building was built in 1950 and is currently rented, providing income while redevelopment is pursued and until a project is ready to build. Heating is electric.
The property is located in the Neighborhood Improvement Zone (NIZ) and is zoned B-2-Central Business. The zoning described includes no maximum building height and no maximum building coverage, and the neighboring lot has been approved for a 34-story building. Parking is available with off-street and on-street options. Utilities include public water and public sewer.
For developers and operators evaluating entitlement and phasing, the combination of NIZ status, B-2-Central Business zoning, and existing rental occupancy supports planning around redevelopment timing.
The property is located in the Neighborhood Improvement Zone (NIZ) and is zoned B-2-Central Business. The zoning described includes no maximum building height and no maximum building coverage, and the neighboring lot has been approved for a 34-story building. Parking is available with off-street and on-street options. Utilities include public water and public sewer.
For developers and operators evaluating entitlement and phasing, the combination of NIZ status, B-2-Central Business zoning, and existing rental occupancy supports planning around redevelopment timing.
Key Highlights
- 0.124‑acre lot measuring 50' x 108'
- Neighborhood Improvement Zone (NIZ) redevelopment setting
- B‑2‑Central Business zoning with no maximum building height and no maximum building coverage
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Redevelopment lot in the Neighborhood Improvement Zone with B-2-Central Business zoning, public utilities, and an existing rented building.
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: 0.124‑acre lot measuring 50' x 108'; Neighborhood Improvement Zone (NIZ) redevelopment setting; B‑2‑Central Business zoning with no maximum building height and no maximum building coverage
