1. Pennsylvania
  2. Allentown City
  3. 36 North Jefferson Street
$384,000

36 North Jefferson Street, Allentown City, PA 18102

  • Property Icon Town Home
  • Property Year Built Icon Built in 1894
  • Property Lot Size Icon2,047sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This fully occupied 2-unit multifamily generates $41,160 Gross, $35,063 Net, 9% Cap @ asking, a turnkey investment opportunity in the heart of Allentown. Delivered with a clear CO, this solid brick property is stabilized & producing income from day one. The 1st-floor 2BR apartment features front & rear entrances & includes garage rental income, while the second & third floors combine to form a spacious 3BR unit. Both apartments feature updated finishes, modern vinyl flooring (no carpets), & in-unit laundry that provides additional revenue. Tenants are responsible, leases are in place, & the building is in strong rental demand due to its location & walkability. Built in 1894, the property boasts character & charm, blending classic brick construction with low-maintenance upgrades. Comparable sales & proven performance strongly support the price, with potential upside in future rent growth. Perfect for investors seeking steady cash flow or an owner-occupant looking to live nearly rent-free. With minimal expenses, reliable tenants, & a strong income stream, this is a rare chance to own a stabilized multifamily with excellent returns. Ideally located near Route 22, 78, & 309, the property offers access to major highways, retail corridors, & downtown Allentown’s growing business & entertainment scene. Surrounded by top hospitals, universities, & the region’s booming logistics & warehouse industry, the property benefits from strong economic drivers & consistent tenant demand.

Listing Status:
Active
Listing Office:
EXP Realty LLC : (888) 397-7352
MLS ID:
764649
  • A/C: Wall/Window Unit(s)
  • Heating: Baseboard
  • Parking: Parking GarageOn StreetParking spaces: 2
  • General: Brick3
  • Originating MLS: HIGH_LHI
  • School District: Allentown
  • County: Lehigh
  • Zoning: R-H549679759478 1
  • Water: Public
  • Sewer: Public Sewer
  • Source: HIGH_LHI

This listing courtesy of EXP Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McKinley Elementary School

1124 W Turner St, Allentown, PA, 18102

Grades 1-5

0.16 miles away

F

Francis D. Raub Middle School

102 S Saint Cloud St, Allentown, PA, 18104

Grades 6-8

0.65 miles away

W

William Allen High School

106 N 17th St, Allentown, PA, 18104

Grades 9-12

0.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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