1042 Lehigh Street, Allentown City, PA 18103

Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
1042 Lehigh Street,Allentown City, PA 18103
$310,000
  • 3 Beds
  • 2 Baths
  • 1,264 sq. ft.
  • Multi-family
  • Active
Listed by:bobby r. howell
Office:real estate of america
MLS#:762710
Source:PA_LVAR

Price summary

  • Price:$310,000
  • Price per sq. ft.:$245.25

About this home

Two-unit income property in South Allentown offering multiple revenue streams and strong return potential. Projected gross annual income of $31,800 from two residential units and two rented garage bays. First-floor one-bedroom, one-bath unit with in-unit laundry is currently vacant, giving flexibility for an owner-occupant or immediate tenant placement at market rent. Second-floor one-bedroom, one-bath unit is tenant-occupied. Based on projected market rents, investors could see cap rates in the 7%-9% range and cash-on-cash returns approaching 7% with standard financing. Located minutes from Route 78, major roadways, shopping, and dining.

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Home facts

  • Year built:1890
  • Listing Id #:762710
  • Added:3 day(s) ago
  • Updated:August 14, 2025 at 02:43 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,264 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Gas

Structure and exterior

  • Year built:1890
  • Building area:1,264 sq. ft.
  • Lot area:0.08 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$310,000
  • Price per sq. ft.:$245.25