526 Auburn St Allentown, PA 18103
- Commercial real estate
- 1,568 SF
Current Use by Public Records
- Commercial real estate
Property Details for 526 Auburn St
- Year built
- 1900
- Property size
- 1,568 SF
- Property type
- Commercial real estate
Description
This exceptional Allentown, PA investment opportunity presents a 1-unit apartment building at 526 Auburn St, boasting a remarkable 13.22% cap rate. The property, built in 1900, is a three-story row home totaling 1,568 square feet and currently commands a price of $150,000. The building features three bedrooms, one bathroom, and a bonus room offering versatile usage potential. The open-concept kitchen, dining, and living room area showcases attractive brick accents. A key advantage is the tenant paying all utilities. Currently leased until May 31, 2025, at a monthly rent of $1,875, ensuring immediate cash flow. The property's history demonstrates consistent and substantial income generation. The building is zoned for residential use and offers washer/dryer hookups. With 100% occupancy and a Net Operating Income (NOI) of $19,833, this property represents a strong addition to any investment portfolio. This is a rare opportunity to acquire a high-yield, income-producing asset in a desirable location. The price per square foot is $95.66, and the price per unit is $150,000. Located in Lehigh County, PA, zip code 18103.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4654182
- Latitude
- 40.5952578
