$365,000
 $1,959 est/mo Sourced by Back At You

614 North 8th Street,Allentown City, PA 18102

Allentown City, PA 18102

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Description

*Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. The first floor unit is recently vacant and renovated with newer appliances. The unit was being rented for $1500. The occupied second unit offer a spacious renovated 3-bedroom/2-full baths spread between 2nd and 3rd floors. This unit which consists of a practical kitchen and laundry hook ups, is being rented for $1,785. It offers a total net income of $39,420 resulting in an impressive cap rate over 10%! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Owner is moving out of state and has really invested in this property especially with renovations in the first floor unit and recent complete roof replacement in 2026. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success!

Details

MLS #782273
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1900
Days On Site53
Listing Provided ByColdwell Banker Hearthside | Nick Smith

Features

Bed(s)5
Bath(s) 3 Total
SQ Feet2,316
Story(s)3
Units2
ZoningR-Mh-Medium High Density
Acreage0.05

Parking

Parking FeaturesParking Pad

Taxes

Tax Annual Amount2558.87

Area Information

StatePA
CountyLehigh
CityAllentown City
Zip Code18102
AreaAllentown Central
Community NameNot in Development
Listing VS Median (in Not in Development)
Price:
$365,000
low | high
Med:
$294,500
69.315068493151% of Average
sqft:
2,316
low | high
Med:
1,038
100% of Average
$ / sqft:
$158
low | high
Med:
$284
30.025338506612% of Average
On site:
53
low | high
Med:
25
100% of Average
Sourced by Back At You

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Learn More About This Property

StatePA
CountyLehigh
CityAllentown City
Zip Code18102
AreaAllentown Central
Community NameNot in Development
Listing VS Median (in Not in Development)
Price:
$365,000
low | high
Med:
$294,500
69.315068493151% of Average
sqft:
2,316
low | high
Med:
1,038
100% of Average
$ / sqft:
$158
low | high
Med:
$284
30.025338506612% of Average
On site:
53
low | high
Med:
25
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $273K - $456K
sqft: 1,500 - 2,500
Listing Updated: September 29, 2026 at 3:23:24 AM PDT