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437 Allen Street
Allentown City PA 18102 US

$450,000

Active Listing ID 779067
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5 bed
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3.00 Bath (3 Full)
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Lot: 0.04 Acres
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Apartment

$450,000

Active Listing ID 779067
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437 Allen Street 4 unit investment property.. Potential gross income $57, 000 with a potential net income of $46700. Three apartments plus a large basement and garage to be rented, basement only 2 steps down. An exceptional real estate investment opportunity awaits with this all-brick, three-story multi-family apartment building perfectly situated in the heart of Central Allentown. This well-maintained property features a total of four spacious units, offering a versatile mix of a 2-bedroom layout, two 1-bedroom configurations, and a lower-level basement and garage space primed for additional rental income. Boasting an impressive projected gross annual income of $57, 000 and a strong R-MH zoning code, this building comes equipped with efficient electric baseboard heating and five convenient on- and off-street parking spaces.Location is everything, and this property puts tenants right in the center of a thriving, high-demand rental market. Residents will enjoy incredible walkability and seamless access to Allentown's vibrant, revitalized downtown, packed with diverse dining, local shopping, and entertainment. The building is just minutes from excellent public parks, community cultural centers, and robust local employment hubs. With its close proximity to major highways and public transportation, it offers an effortless commute throughout the entire Lehigh Valley. Perfect for investors looking to expand their portfolio, this property presents a solid, reliable stream of revenue from day one in one of the city's most convenient neighborhoods.

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Property Features

  • Facts
  • Lot Size: 0.04 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 3
  • Heating Fuels: Electric (Heating), Baseboard

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 450000
  • unparsedaddress: 437 Allen Street
  • postalcity: Allentown City
  • stateorprovince: PA
  • country: US
  • postalcode: 18102
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.041
  • lotsizeunits: Acres
  • lotsizearea: 0.041
  • livingarea: 2112
  • livingareaunits: Square Feet
  • latitude: 40.611954
  • longitude: -75.470839
  • listagentfullname: Joshua Schoenberger
  • listagentemail: j.s@joshlistings.com
  • listagentkey: 3yd-LVARPA-joshuasc
  • listagentmlsid: joshuasc
  • listagentpreferredphone: (484) 895-9005
  • listagentofficephone: 4848959005
  • listofficekey: 3yd-LVARPA-STEEL
  • listofficemlsid: STEEL
  • disclaimer: Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: LVARPA
  • yearbuilt: 1900
  • listingcontractdate: 2026-06-15
  • listagentfax: 6104190343
  • listagenturl: https://www.SteelCityRealEstate.com
  • countyorparish: Lehigh
  • parcelnumber: 640713198921-1
  • elementaryschooldistrict: Allentown
  • middleorjuniorschooldistrict: Allentown
  • highschooldistrict: Allentown
  • constructionmaterials: Brick, Stone
  • heating: Electric (Heating), Baseboard
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 5
  • parkingfeatures: Garage
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.47084, 40.611954
  • openhouse: { "AppointmentRequiredYN": false, "ListingKey": "3yd-LVARPA-779067", "OpenHouseEndTime": "2026-06-27 14:45:00", "OpenHouseId": "5602957", "OpenHouseRemarks": "New to the market, showings will only be open houses", "OpenHouseStartTime": "2026-06-27 13:15:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Steel City Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"j.s@joshlistings.com", "ListBrokerageCity":"Bethlehem", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Sales@steelcityrealestate.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/LVARPA/39c5c2f175ab11e98b350242ac110004/20190513182345387.png", "ListBrokerageName":"Steel City Realty", "ListBrokeragePhone":"(484) 895-9005", "ListBrokeragePostalCode":"18018", "ListBrokerageStateOrProvince":"PA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"26 W. Broad St", "ListBrokerageWebsiteUrl":"https://www.SteelCityRealEstate.com", "ListOfficeAddress1":"2505 Newburg Road ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"STEEL", "ListOfficeCity":"Easton", "ListOfficeCountry":"US", "ListOfficeEmail":"jen@dejesusteam.com", "ListOfficePostalCode":"18045", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Allentown City, PA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/437-W-Allen-St_Allentown_PA_18102_M99949-89160?f=listhub&s=LVARPA&m=779067&c=rexren", "MLSModificationTimestamp":"2026-06-17 21:58:02", "Neighborhoods":[{"Description":null, "Name":"Not in Development"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4630, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/17/2026 9:59:20 PM GMT
Source Updated Date: 6/24/2026 12:56:15 AM GMT

Courtesy of: Joshua Schoenberger, Steel City Realty, j.s@joshlistings.com

Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.