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    Allentown, PA Multifamily Properties for Sale

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    Three-Unit Residential Income Property
    Updated: Jul 2
    Three-Unit Residential Income Property

    322 RIDGE AVE, Allentown, PA 18102

    $414,000
    3,978 sqft
    Three‑unit investment property in Allentown, PA, built in 1863
    Second and third floors are currently occupied by long‑term tenants
    Approved plans to create an additional three‑bedroom apartment within the existing retail space
    Located on Ridge Avenue in a residential area, about three blocks from the Jaindl Enterprise Waterfront mixed‑use Class A building
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    This listing looks promising.

    Here's a quick look at some key insights for

    322 RIDGE AVE, ALLENTOWN, PA 18102

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    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Mortgage

      $139K
      Mar 2021

    • Last Sold

      Mar 2021
      $185K

    • Property Type

      Commercial Office/Residential (Mixed Use)
      Built 1863
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    Four-Unit Mixed-Use with Storefronts
    Updated: Jul 14
    Four-Unit Mixed-Use with Storefronts

    112 114 N 8th Street, Allentown, PA 18101

    $599,900
    3,586 sqft 0.02 AC lot
    4‑unit property with street‑level double storefronts at 112‑114 and 114R N 8th St
    Second‑floor one‑bedroom apartment plus a rear apartment accessed through a private courtyard
    Rear apartment offers 2 or 3 bedrooms, 2 full bathrooms, a laundry room, and a sunroom
    Each unit has a private entrance for added privacy and easy access
    Two‑car, two‑story garage provides off‑street parking and storage
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    Four-Unit Corner Multifamily
    Four-Unit Corner Multifamily

    347 N 8th Street, Allentown, PA 18102

    $599,000
    6,088 sqft 0.06 AC lot

    Four-unit corner property with brick-and-stucco exterior, storefront windows, and three occupied apartments.

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    Mixed-Use Building with Dental Office
    Mixed-Use Building with Dental Office

    1977 S 5th Street, Allentown, PA 18103

    $525,000
    2,540 sqft 0.28 AC lot

    Ground-level dental office space combines with 3-bedroom and studio apartments within a renovated mixed-use property.

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    Mixed-Use Corner Restaurant Property
    Mixed-Use Corner Restaurant Property

    500 -504 W Gordon Street, Allentown, PA 18102

    $530,000
    4,220 sqft 0.06 AC lot

    Corner mixed-use building with an operating pizzeria below and two apartments above, with separate utilities.

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    Corner Restaurant with Two Apartments
    Corner Restaurant with Two Apartments

    500 504 W Gordon Street, Allentown, PA 18102

    $530,000
    4,220 sqft 0.06 AC lot

    Mixed-use corner property with an operating pizzeria/restaurant and two separate residential units above.

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    Mixed-Use Corner Restaurant Building
    Mixed-Use Corner Restaurant Building

    500 504 W Gordon Street, Allentown, PA 18102

    $530,000
    4,220 sqft 0.06 AC lot

    Operating pizzeria plus two apartments with separate utilities and shared basement storage.

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    Corner Lot Brick Triplex
    Corner Lot Brick Triplex

    744 North 5th Street, Allentown, PA 18102

    $399,000
    2,205 sqft

    Three fully occupied one-bedroom units with separately metered utilities and a garage provide straightforward residential income potential.

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    Renovated Four-Unit Apartment Building
    Renovated Four-Unit Apartment Building

    139 8th Street, Allentown, PA 18101

    $695,000
    2,640 sqft 0.06 AC lot

    Four fully occupied units with off-street parking and recent renovations in a compact, income-focused building.

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    Turnkey Multifamily Investment Opportunity
    Turnkey Multifamily Investment Opportunity

    732 W Tilghman Street, Allentown, PA 18102

    $1,395,000
    7,076 sqft 0.08 AC lot

    Six-unit multifamily property with strong rental income in Allentown, PA.

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    Allentown SRO House Investment Opportunity
    Allentown SRO House Investment Opportunity

    521 N 6th St, Allentown, PA 18102

    $382,500
    2,208 sqft

    Performing SRO house in Allentown's rental corridor with strong cashflow.

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    Redevelopment Income Multifamily Site
    Redevelopment Income Multifamily Site

    953 W Walnut Street, Allentown, PA 18102

    $1,099,900
    1,086 sqft 0.12 AC lot

    B-2 zoned multifamily site with an existing rented building on a 50' x 108' lot.

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    Well-Maintained Four-Unit Apartment Building
    Well-Maintained Four-Unit Apartment Building

    1725 W Livingston Street, Allentown, PA 18104

    $750,000
    3,588 sqft 0.17 AC lot

    Four-unit apartment building with 2-bedroom, 1-bath units and private outdoor space, currently fully occupied.

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    Allentown Two-Unit Investment Opportunity
    Allentown Two-Unit Investment Opportunity

    30 N Madison St, Allentown, PA 18102

    $335,000
    2,420 sqft

    Well-maintained duplex in Allentown with value-add potential.

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    Approved Multifamily Development Opportunity
    Approved Multifamily Development Opportunity

    19 N 11th Street, Allentown, PA 18101

    $1,495,000
    34,320 sqft 0.19 AC lot

    Fully approved multifamily development with 43 units and commercial space.

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    Freestanding Mixed-Use Income Property
    Freestanding Mixed-Use Income Property

    Allentown, PA 18103

    $899,000
    3,898 sqft 0.19 AC lot

    Freestanding building with three apartments plus retail/office space available for immediate lease in South Whitehall Twp.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    213 N 15th St, Allentown, PA 18102

    $730,000

    Fully occupied six-unit apartment building with yearly leases and two recently renovated units.

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    Mixed-Use 3-Unit Income Property
    Mixed-Use 3-Unit Income Property

    1015 W Hamilton Street, Allentown, PA 18101

    $849,900
    4,280 sqft 0.09 AC lot

    Three-unit mixed-use building with a convenience store on the first floor and apartments above.

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    All-Brick Three-Unit Investment Property
    All-Brick Three-Unit Investment Property

    139 N 5th St, Allentown, PA 18102

    $435,000
    2,390 sqft

    Fully occupied investment property with strong income and growth potential.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    405 N 9th Street, Allentown, PA 18102

    $270,000
    2,035 sqft 0.05 AC lot

    Well-maintained 2-unit property with separate unit layouts across the first, second, and third floors.

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    Multifamily and Retail Redevelopment Site
    Multifamily and Retail Redevelopment Site

    915 W HAMILTON STREET, Allentown, PA 18101

    $7,500,000
    0.50 AC lot

    Corner site with 21 existing units and storefronts, positioned in the NIZ tax opportunity zone for redevelopment planning.

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    Turnkey Triplex With Separate Metering
    Turnkey Triplex With Separate Metering

    140 S 14TH Street, Allentown, PA 18102

    $429,900
    2,910 sqft 0.04 AC lot

    Fully occupied 3-unit triplex with updated interiors, in-unit laundry, and separately metered electric for streamlined ownership.

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    Duplex Residence with Private Yard
    Duplex Residence with Private Yard

    230 N Nagle Street, Allentown, PA 18102

    $219,900
    1,593 sqft 0.02 AC lot

    End-of-row duplex offers multiple bedrooms, a fenced yard, and a full basement with washer/dryer hookups.

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    Four-Story Mixed-Use Building
    Four-Story Mixed-Use Building

    539 W Hamilton, Allentown, PA 18101

    $1,300,000
    13,344 sqft 0.10 AC lot

    Downtown Allentown mixed-use building with commercial space and partially prepared upper floors for apartments.

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    Allentown, PA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Allentown, PA, showcased through 40 active listings on our real estate platform. These investment opportunities span a total of 150,541 square feet of properties for sale, with an estimated market value of $20,459,700.

    Sale prices for multifamily properties in Allentown, PA start at $199,900, averaging $619,990, and reaching up to $1,895,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 13
    Triplexes 11
    Duplexes 9
    Quadplexes 5

    Demographics Overview

    Population 177K
    Population Growth (5Y) +6.1%
    Median Household Income $66,938
    College Educated 25.3%

    High-Yield Neighborhoods for Investment

    Identify Allentown submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    18109 $381.2K
    18104 $449.9K
    18102 $519.4K
    18103 $761.7K
    18101 $2M

    Taxes & Financing

    Tax Rate (average for all types) 2.68%
    Property Tax per SF $24.82 per SF
    Tax Rate vs County Average 0.19 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lehigh County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lehigh County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Allentown fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Allentown, PA

    • 18102
    • 18101
    • 18103
    • 18104
    • 18109

    Featured Allentown Real Estate Agencies

    Realmo connects you with licensed Allentown CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Century 21 Keim Realtors
    90 N Cedar Crest Blvd Allentown, PA 18104
    Phone: 18772084158
    www.c21keim.com
    Howard Hanna The Frederick Group
    3500 Winchester Road, Suite 201 Allentown, PA 18104
    Phone: 16103980411
    LehighValley.HowardHanna.com
    Harvey Z. Raad Realtors
    1505 S. 4th Street Allentown, PA 18103
    Phone: 16104335551
    www.RAADREALTORS.com

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