624 N Maxwell Street, Allentown City, PA 18109

Local realty services provided by:ERA One Source Realty
#1#2#3
624 N Maxwell Street,Allentown City, PA 18109
$1,550,000
  • 12 Beds
  • 9 Baths
  • 5,985 sq. ft.
  • Multi-family
  • Active
Listed by:dan russoli
Office:coldwell banker hearthside
MLS#:759332
Source:PA_LVAR

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$258.98

About this home

The residential component of this offering includes eight apartments: four 1-bedroom units and four 2-bedroom units. Tenants are responsible for their own electricity, which covers both cooking and hot water. Additionally, the two lower-level units also pay for their own heat, while the owner provides heat for the remaining six apartments, as well as water, sewer, and trash service for all eight units. Recent upgrades include the installation of a high-efficiency, gas-fired, direct-vent condensing boiler (Evergreen Series EVG-299, 95.5% AFUE) with outdoor reset control, along with baseboard electric heaters in the two lower-level units. Five of the eight apartments have been renovated, offering a value-add opportunity for a new owner to renovate the remaining three and increase rental income. The commercial portion of the property is currently leased to La Esquina de Jorge Restaurant. The lease includes 3% annual rent increases (the next scheduled increase begins August 1, 2025)

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Home facts

  • Year built:1914
  • Listing Id #:759332
  • Added:54 day(s) ago
  • Updated:August 14, 2025 at 02:43 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:9
  • Full bathrooms:8
  • Half bathrooms:1
  • Living area:5,985 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Gas, Hot Water

Structure and exterior

  • Year built:1914
  • Building area:5,985 sq. ft.
  • Lot area:0.21 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$258.98
  • Tax amount:$12,847

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