322 Ridge Avenue, Allentown, PA 18102

Local realty services provided by:ERA One Source Realty
322 Ridge Avenue,Allentown City, PA 18102
$400,000
  • 5 Beds
  • 3 Baths
  • 3,978 sq. ft.
  • Multi-family
  • Active
Listed by: nick smith, mike dragotta
Office: coldwell banker hearthside
MLS#:772055
Source:PA_LVAR

Price summary

  • Price:$400,000
  • Price per sq. ft.:$100.55

About this home

Excellent mixed-use investment opportunity in the heart of Allentown offering immediate income and significant value-add potential. This solid brick building features two residential units and a commercial space with approved plans for conversion into a spacious 3-bedroom, 2 full bathroom residential unit, along with a shared laundry area. The property currently generates reliable income with the 3-bedroom unit rented at $1,550 per month and the detached garage rented separately for $285 per month, while the vacant 2-bedroom unit presents an excellent opportunity for owner-occupancy or market-rate leasing. Both residential units feature updated kitchens with modern cabinetry, granite countertops, stainless steel appliances, updated flooring, and renovated bathrooms. The commercial space offers exceptional upside with its open layout, high ceilings, multiple entry points, and flexibility for residential conversion or continued commercial use, allowing investors to maximize future cash

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Home facts

  • Year built:1863
  • Listing ID #:772055
  • Added:2 day(s) ago
  • Updated:February 21, 2026 at 03:50 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Living area:3,978 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans
  • Heating:Baseboard, Electric, Forced Air, Gas

Structure and exterior

  • Year built:1863
  • Building area:3,978 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$400,000
  • Price per sq. ft.:$100.55
  • Tax amount:$5,955

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