USAPAAllentownNot in Development521 N 6Th St
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521 N 6 Th St, Allentown, PA

Condo

For Sale

Listed price in listed location currency (USD).
$415,000

530

MLS® 771377

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 2208 sqft
Garage Yes
HOA Fees $1,130
Taxes $2,537
Days Active 0
Approx. Age 1890
Avg. Price Per Sqft $187
MLS® Number 771377

Property Address: 521 N 6th St, Allentown, PA, 18102-2952

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

Description

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 bathroom.
MLS® Number771377
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1890
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 22, 2026List Date
$415,000List Price
  • Commute

Commute

Starting Address
Destination Address
521 N 6 Th St, Allentown, PA

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