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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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    Two-Building Multifamily Income Property
    Updated: Jun 12
    Two-Building Multifamily Income Property

    502 Ontario Street, Bethlehem, PA 18015

    $1,500,000
    4,750 sqft 0.42 AC lot
    Two‑building rental property with 8 total units: a 6‑unit building plus a 2‑unit building
    6‑unit building unit mix: 3 two‑bed/1‑bath units and 3 one‑bed/1‑bath units
    2‑unit building currently configured as 3 bed/2 bath with modifications between units; could be returned to 2 bed/1 bath and 1 bed/1 bath
    Most units in the 6‑unit building have recent updates, per seller remarks
    Public water and public sewer
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    Student Housing Quadplex
    Student Housing Quadplex

    302 W 8TH Street, Bethlehem, PA 18015

    $1,400,000
    7,832 sqft 0.26 AC lot

    Four identical townhomes total four units with off-street parking, rear decks, and gas heat plus central air.

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    Four-Unit Mixed-Use with Storefronts
    Four-Unit Mixed-Use with Storefronts

    112 114 N 8th Street, Allentown, PA 18101

    $599,900
    3,586 sqft 0.02 AC lot

    Four-unit property in downtown Allentown with street-level storefronts, apartments with private entrances, and a two-car two-story garage.

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    Mixed-Use Building with Storefronts
    Mixed-Use Building with Storefronts

    2 S 4th St, Emmaus, PA 18049

    $3,300,000
    14,506 sqft

    Fully occupied mixed-use building combining residential apartments and retail storefront space.

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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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    Unique Mixed-Use Development Opportunity
    Unique Mixed-Use Development Opportunity

    431 W Union Blvd, Bethlehem, PA 18018

    $599,900
    4,000 sqft 0.29 AC lot

    Mixed-use property with development potential in North Bethlehem.

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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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    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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    Mixed-Use Building with Storefronts
    Mixed-Use Building with Storefronts

    2 S 4th Street, Emmaus, PA 18049

    $3,300,000
    14,506 sqft 0.21 AC lot

    Fully occupied mixed-use property with 10 apartments and 5 commercial storefronts, including a newer TPO roof.

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    Corner-Lot Seven-Unit Property
    Corner-Lot Seven-Unit Property

    2102 S Lehigh Avenue, Whitehall, PA 18052

    $1,299,900
    6,093 sqft

    For sale multifamily building with seven apartments, all currently occupied and tenant-paid heating.

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    Handicap-Accessible School Building
    Handicap-Accessible School Building

    5093 Vera Cruz Road, Emmaus, PA 18049

    $1,800,000
    11,148 sqft 2.52 AC lot

    School building with a front residence, multiple classrooms, and a large parking lot on 2.52 acres.

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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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    Approved 55+ Multifamily Redevelopment Building
    Approved 55+ Multifamily Redevelopment Building

    659 Broad Street, Emmaus, PA 18049

    $3,330,000
    17,658 sqft 0.71 AC lot

    Vacant three-story structure with approvals for conversion to 55+ age-restricted housing, supported by major systems already in place.

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    Repurposable School Building
    Repurposable School Building

    5093 Vera Cruz Road, Emmaus, PA 18049

    $1,800,000
    11,148 sqft 2.52 AC lot

    School building with classrooms, office and accessible first floor, plus residence setup and large parking lot.

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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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    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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    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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    Seven-Unit Apartment Building on Corner Lot
    Seven-Unit Apartment Building on Corner Lot

    2102 2106 S Lehigh Avenue, Whitehall, PA 18052

    $1,299,900
    6,093 sqft 0.29 AC lot

    Fully occupied multifamily with a diversified unit mix and tenant-paid heating.

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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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    4-Unit Residential Income Property
    4-Unit Residential Income Property

    662 Main Street, Slatington, PA 18080

    $650,000
    5,614 sqft 0.06 AC lot

    Turnkey four-unit multifamily building with newer roof, updated kitchens and baths, and off-street parking.

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    Lehigh County, PA Multifamily Properties Market Trends and Statistics

    Explore 77 multifamily properties for sale in Lehigh County, PA, showcased through 77 active listings on our real estate platform. These investment opportunities span a total of 354,930 square feet of properties for sale, with an estimated market value of $61,512,200.

    Sale prices for multifamily properties in Lehigh County, PA start at $199,900, averaging $961,128, and reaching up to $4,000,000 — 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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    Featured Lehigh County Real Estate Agencies

    Realmo connects you with licensed Lehigh County 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
    RE/MAX Unlimited Real Estate
    1080 Schadt Avenue Whitehall, PA 18052
    Phone: 16102664000
    unlimitedrealestate.pennsylvania.remax-classicsites.com

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