Allentown, PA Residential Income Properties for Sale

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Updated: Jun 17

Mixed-Use Corner Restaurant Property

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 on the first floor
Residential income includes 2 apartments: a 1‑bedroom, 2‑level unit and a 3‑bedroom apartment
3‑bedroom unit features hardwood floors and an updated tile bathroom
Separate utilities for the commercial space and each residential unit for easier expense tracking
Large basement provides storage space for both the business and tenants

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500 -504 W Gordon Street, Allentown City, PA 18102

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Est. Cap Rate

8.4%
Above avg (5.9%)
Est. NOI

$44K
Annual
Price @ 7% Cap

$632K
Above asking
Last Sold

Jun 2015
$57K

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Updated: Jul 14

Four-Unit Corner Multifamily

347 N 8th Street, Allentown, PA 18102

$599,000

6,088 sqft 0.06 AC lot

4‑unit Allentown property with 3 occupied residential apartments
Corner building about 3 blocks from PPL Center
Brick and stucco facade with storefront windows; exposed brick walls and tile flooring in the commercial space
5 bedrooms and 4 bathrooms total based on listed room configuration
Attached 2‑car garage for added convenience and storage

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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 Triplex with Convenience Store

1015 W Hamilton St, Allentown, PA 18104

$849,900

4,280 sqft

Three-unit property with a street-level convenience store tenant and two residential units above.

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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

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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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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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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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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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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Three-Unit Residential Income Property

322 RIDGE AVE, Allentown, PA 18102

Contact for pricing

3,978 sqft

Triplex with two long-term tenants and approved plans to expand residential units within existing retail space.

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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 Retail Space

1050 Lehigh Street, Allentown, PA 18103

$499,000

5,106 sqft 0.17 AC lot

First-floor commercial space with off-street parking; upper level is ready for two one-bedroom units.

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Three-Story Multifamily Building with Garages

1413 W Court St, Allentown, PA 18102

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8,640 sqft

Three-story building under build-out with six garage spaces and infrastructure for six separate units.

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Turnkey Mixed-Use Corner Building

449 N 10th Street, Allentown, PA 18102

$850,000

4,807 sqft 0.05 AC lot

Renovated building with a street-level commercial storefront and three modern residential units above.

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Fully Approved Multifamily Development

19 N 11th Street, Allentown, PA 18101

$1,295,000

34,320 sqft 0.19 AC lot

Fully approved five-story plan for 43 residential units plus 1 ground-floor commercial space with parking secured nearby.

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Renovated Mixed-Use Building with Retail

438 N 7th St, Allentown, PA 18102

$480,000

2,878 sqft

Renovated three-unit mixed-use property with ground-level commercial space and two residential units, plus rear parking.

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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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Two Detached Homes on One Parcel

317 North 13th Street, Allentown, PA 18102

$349,900

2,132 sqft

Multi-unit property with two detached residences, including a 5-bedroom townhome and a 1-bedroom unit with garage and in-unit hookups.

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11-Unit Mixed-Use Income Property

101 N 8Th Street, Allentown, PA 18101

$1,895,000

7,335 sqft 0.11 AC lot

All 11 renovated units include separate utilities, electric HVAC, and monitored exterior and common areas.

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Two-Unit Residential Income Property

1352 Liberty Street, Allentown, PA 18102

Contact for pricing

1,882 sqft

Fully occupied duplex with one 2-bedroom and one 3-bedroom unit, separately metered utilities, and two off-street parking spaces.

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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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3-Unit Investment Property with Parking

424 N 6th St, Allentown, PA 18102

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2,610 sqft

Fully occupied three-unit property with off-street parking and utility split between tenants and landlord.

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5-Unit Multifamily Building

22 S 13th Street, Allentown, PA 18102

$360,000

2,404 sqft

Five-unit property at 22 S 13th Street with one apartment and four shared rooms suited for flexible rental setups.

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Allentown, PA Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Allentown, PA, showcased through 64 active listings on our real estate platform. These investment opportunities span a total of 241,218 square feet of properties for sale, with an estimated market value of $45,211,100.

Sale prices for residential income properties in Allentown, PA start at $179,900, averaging $807,341, and reaching up to $7,500,000 — 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

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
18102	$472.7K
18109	$481.6K
18104	$599.9K
18103	$761.7K
18101	$2.7M

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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