106 N 8TH ST, Allentown, PA 18102
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106 N 8TH ST, Allentown, PA 18102
106 N 8TH ST, Allentown, PA 18102
106 N 8TH ST, Allentown, PA 18102
106 N 8TH ST, Allentown, PA 18102
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Paula Flagg

Paula Flagg

+1(202) 431-7210
Listed by james Reardon • eXp Commercial
$ 775,000
Est. payment /mo
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Active

106 N 8TH ST Allentown, PA 18102

2,760 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PALH2015148

Year Built 1900

Annual Tax Amount $5,181

Tax Year 2025

Lot Size 2,760 Sqft

Acres 0.06

Lot Dimensions 23.00 x 120.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Fully occupied five-unit investment property generating $82,800 in gross income and $73,280 in net income. The asset features a balanced unit mix of two 2-bedroom apartments and three 1-bedroom apartments, providing consistent rental demand and stable cash flow. The property is 100% occupied, offering immediate income from day one. Tenants pay all utilities except water/sewer, creating a low-expense structure with landlord responsibilities limited to taxes, insurance, and water/sewer. Located in the heart of the Old Allentown Historic District, the building offers classic brick exterior charm with updated units suited for modern tenants. The area provides easy access to local dining, entertainment, and ongoing developments transforming the Allentown skyline, supporting long-term tenant demand. The property will be delivered with a clear Certificate of Occupancy from the City of Allentown, providing added confidence for buyers. Showings will be limited to accommodate tenants. Seller is also offering 135 N 8th Street, located just one block away, presenting a potential portfolio acquisition opportunity. With strong in-place income, low operating expenses, and a prime location, this property is well suited for investors seeking stable cash flow and long-term performance in a high-demand rental market.

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning B-2-CENTRAL BUSINESS

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Inclusions Appliances

Heat Source Electric

Exterior

Garage Spaces 8.0

Water Access N

View City

Accessibility 2+ Access Exits

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allentown

Others

Tax ID 640700272528-00001

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Nearby Locations
Paula Flagg

Paula Flagg

Agent

+1(202) 431-7210

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106 N 8TH ST