USAPAAllentown322 Ridge Ave
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New
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$400,000

2 days ago

322 Ridge Ave, Allentown, PA

5 Bed

3 Bath

3978 sqft

2 Parking

MLS® 772055

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential Income
Size 3978 sqft
Garage Yes
HOA Fees 
Taxes $5,955
Days Active 1
Approx. Age 1863
Avg. Price Per Sqft $100
MLS® Number 772055

Property Address: 322 Ridge Ave, Allentown, PA, 18102-5326

Average square foot calculated using Size range provided by listing agent.

Description

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 flow and overall property value. Additional features include updated mechanicals, separate entrances, exposed brick accents, and a prime location near downtown Allentown, major highways, shopping, dining, and redevelopment projects. Whether you’re an investor seeking strong current income with upside or looking to reposition the property for increased returns, this is a rare opportunity in a rapidly growing area.
MLS® Number772055
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1863
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 18, 2026List Date
$400,000List Price
-End Date
Not Sold YetSold Price

For Rent

Apr 24, 2024List Date
$1,800List Price
  • Commute

Commute

Starting Address
Destination Address
322 Ridge Ave, Allentown, PA

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