521 West Walnut Street, Allentown PA 18101

← Back to search

$379,000

521 West Walnut Street, Allentown, PA 18101

bedrooms

bathrooms

square feet

2,564

Acreage

0.051

Open Houses

year built

1901

Full Baths

Half Baths

Find out more

3-unit recently renovated apartment building for rent in desirable downtown Allentown. This building sits in a prime location that is currently being under-utilized. The front building has two units - unit one is a studio/one bedroom apartment that is currently leased, ending mid-April 2025. Unit two is currently month to month. The rear two-story building holds a large garage with separate entrances that is not currently leased. The upstairs unit is set up as an apartment and currently zoned as a commercial unit by the City. It has a tenant and a back-up tenant for the space. This property has great potential to substantially increase its value due to its location, current rents, utility charges and the explosive growth in downtown Allentown. There are a total of four income streams for this property. This is a 9.5 CAP RATE with garage rented and room to grow!

Location
Subdivision	-
County	Lehigh
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Kotohomes Concierge 4, Lenore J. Mohr, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 750393

Listing agent: Lenore J. Mohr

Listing broker: Keller Williams Real Estate (610) 867-8888

Copyright © 2025 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 15 2025 at 3:09 a.m. EST

Kotohomes National