USAPAAllentownNot in Development521 N 6Th St
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New
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$349,000

For Sale

8 hours ago

521 N 6Th St, Allentown, PA

Condo

MLS® 783022

5 Bed

3 Bath

2208 sqft

0

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 2208 sqft
Garage Yes
HOA Fees 
Taxes $2,537
Days Active 0
Approx. Age 1890
Avg. Price Per Sqft $158
MLS® Number 783022

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

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

Description

NEW PRICE : $349, 000 w/ Owner Financing possible!!! 521 N. 6th Street presents an exceptional opportunity to acquire a fully licensed Single Room Occupancy (SRO) investment delivering immediate cash flow, strong operating performance, and meaningful upside in one of the Lehigh Valley’s most resilient rental markets. Priced at just $349, 000, this stabilized asset generates a Current Net Operating Income of $31, 140, producing an impressive 8.43% capitalization rate. Through modest rent optimization and continued professional management, the property offers a projected Pro Forma NOI of $34, 140, increasing returns to an outstanding 9.24% pro forma cap rate. These performance metrics position the property among the stronger cash-flow opportunities currently available in the region. Unlike traditional multifamily properties that rely on a small number of apartment leases, this licensed SRO benefits from multiple independent income streams, helping to reduce vacancy exposure while creating consistent monthly cash flow. The property is currently operating at 100% occupancy, with several rooms still offering measurable rental upside, allowing investors to increase revenue without significant capital improvements. With strong in-place income, efficient operating expenses, and a clear value-add strategy, 521 N. 6th Street represents an excellent opportunity for investors seeking dependable cash flow, long-term appreciation, or a high-performing addition to an existing portfolio.
MLS® Number783022
Locker
Ensuite Laundry
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

HeatBaseboard, Electric
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 19, 2026List Date
$349,000List Price
  • Commute

Commute

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

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