Homes for sale - 542 W WALNUT ST, Allentown, PA 18101

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Steven Pagan

steven.pagan@thepagangroup.com +1(609) 631-5668

Listed by Carrie C Ward • Howard Hanna The Frederick Group

$675,000

Est. payment - /mo

4,500 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $150

Subdivision Allentown

MLS Listing ID PALH2012988

Year Built 1895

Annual Tax Amount $6,639

Tax Year 2025

Lot Size 4,500 Sqft

Acres 0.1

Lot Dimensions 30.00 x 150.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants pay gas for heat & cooking, & electric with ceiling fans for cooling. Located across from City Center's new Walnut Street Commons (with an attached parking garage*). These easy to rent apartments have upgraded kitchens, new SS fridges and stoves, counter tops, tile bathrooms, ceiling fans & window blinds. Pride of ownership shows in the clean & well maintained common spaces and quality tenants. Durable carpeting & rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. Three new roofs, plus side and rear yards are fenced & locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building & has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning B-2

Interior

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Ceiling Fan(s)

Flooring Wood, Tile/Brick, Marble

Inclusions All appliances owned by the landlord (fridges, stoves, ceiling fans), and window blinds

Heat Source Natural Gas

Exterior

Water Access N

Street Surface Paved

Accessibility None

Road Frontage Public

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allentown

Others

Tax ID 640710902314-00001

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras,Intercom,Main Entrance Lock,Security Gate

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and homebuyers in finding their perfect piece of paradise in New Jersey.

+1(609) 631-5668

steven.pagan@thepagangroup.com

90 Tanner St, Haddonfield, NJ, 08033-2419, USA

542 W WALNUT ST Allentown, PA 18101