1042 Lehigh Street, Allentown City, PA 18103
Local realty services provided by:ERA One Source Realty



1042 Lehigh Street,Allentown City, PA 18103
$310,000
- 3 Beds
- 2 Baths
- 1,264 sq. ft.
- Multi-family
- Active
Listed by:bobby r. howell
Office:real estate of america
MLS#:762710
Source:PA_LVAR
Price summary
- Price:$310,000
- Price per sq. ft.:$245.25
About this home
Two-unit income property in South Allentown offering multiple revenue streams and strong return potential. Projected gross annual income of $31,800 from two residential units and two rented garage bays. First-floor one-bedroom, one-bath unit with in-unit laundry is currently vacant, giving flexibility for an owner-occupant or immediate tenant placement at market rent. Second-floor one-bedroom, one-bath unit is tenant-occupied. Based on projected market rents, investors could see cap rates in the 7%-9% range and cash-on-cash returns approaching 7% with standard financing. Located minutes from Route 78, major roadways, shopping, and dining.
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Home facts
- Year built:1890
- Listing Id #:762710
- Added:3 day(s) ago
- Updated:August 14, 2025 at 02:43 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,264 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Gas
Structure and exterior
- Year built:1890
- Building area:1,264 sq. ft.
- Lot area:0.08 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$310,000
- Price per sq. ft.:$245.25
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