266 E. Walnut St., Allentown, Pennsylvania 18109-2545





Listed By CENTURY 21 Pinnacle
The Multi Family Home for Sale located at Allentown, Pennsylvania 18109-2545 is currently for sale. Allentown, Pennsylvania 18109-2545 is listed for $795,000. This property has 13 bedrooms, 6 bathrooms, Colonial features. If the property located at Allentown, Pennsylvania 18109-2545 isn't what you're looking for, visit https://www.century21global.com to see other Multi Family Homes for Sale in Allentown .
Date Updated : Jun 21, 2025
MLS#: 759320
$795,000 USD
- TypeMulti Family Home
- Bedrooms13
- Bathrooms6
Property features
Key features
- Colonial
Construction details
- Style: Colonial
Area
- Land/Lot size:
558 m² (6,011 ft²) - Bedrooms: 13
- Bathrooms: 6
- Total rooms: 19
Description
6-Unit Investment Property | 13 Bedrooms | $85K+ Gross Annual Income Turnkey 6-unit multifamily asset in East Allentown offering over 5,200 square feet of income-producing real estate. Built in 1910 and situated on a 0.138-acre lot, this fully leased brick property features 13 total bedrooms across six spacious units — a mix of 2- and 3-bedroom layouts — with leases in place and some units on month-to-month for added flexibility. Tenants cover gas heat via RUBS (Ratio Utility Billing System), and five of six units also pay water/sewer, keeping operating expenses lean. Property generates a gross annual income of $85,448 with net income of $60,552 and low owner-paid utilities (only one unit not on RUBS). Recent annual expenses total approx. $22,372, including taxes, management, and maintenance. Investment Highlights: • Gross Scheduled Income: $85,448 • Net Operating Income (NOI): $60,552 • 6 Units / 13 Bedrooms • Off-Street Parking for 8+ Vehicles • Fully Occupied with Reliable Rental History • RUBS Utility Billing | Brick Construction | Stable Cash Flow Perfect for investors seeking immediate returns and long-term equity growth in the heart of Allentown. Showings by appointment only due to tenant occupancy. Current property management company is offering a discount if new buyer stays in management.
Location
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