521 N 6th Street, Allentown, PA 18102

Local realty services provided by:ERA One Source Realty
521 N 6th Street,Allentown, PA 18102
$415,000
  • 5 Beds
  • 3 Baths
  • 2,208 sq. ft.
  • Multi-family
  • Active
Listed by: frank j. renaldi, jr.
Office: the real estate firm&propmngmt
MLS#:771377
Source:PA_LVAR

Price summary

  • Price:$415,000
  • Price per sq. ft.:$187.95

About this home

Excellent opportunity to acquire a performing SRO house in the heart of Allentown’s rental corridor. This income-producing property offers strong in-place cash flow and solid long-term upside for investors seeking reliable returns. The property generates approximately $37,656 in annual gross income, producing a Net Operating Income of $31,490 and an attractive 7.59% cap rate at the current asking price. ? With very little monthly expenses and minimal vacancy, this asset delivers positive annual cash flow of approximately $7,035, equating to roughly $586 per month in net income. ? Based on current projections, buyers can expect a first-year return on equity of approximately 22.5%, supported by stable cash flow, principal reduction, and appreciation. The first and second floors have a total of 4 units, two on each level, and each has their own kitchen and living space. The tenants maintain the common bathrooms, one on each floor. The 3rd floor unit has its own private

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Home facts

  • Year built:1890
  • Listing ID #:771377
  • Added:1 day(s) ago
  • Updated:February 23, 2026 at 03:48 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,208 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric

Structure and exterior

  • Year built:1890
  • Building area:2,208 sq. ft.
  • Lot area:0.04 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$415,000
  • Price per sq. ft.:$187.95
  • Tax amount:$2,537

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