123 N Lumber Street, Allentown, PA 18101
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
123 N Lumber Street,Allentown City, PA 18101
$7,995,000
- - Beds
- 49 Baths
- 70,732 sq. ft.
- Multi-family
- Active
Listed by: jose ortiz, katherine medina
Office: i-do real estate
MLS#:769967
Source:PA_LVAR
Price summary
- Price:$7,995,000
- Price per sq. ft.:$113.03
About this home
Offering a rare opportunity to acquire two apartment buildings consisting of 36 residential units and 1 commercial space, situated across 5 parcels of land and inclusive of on-site parking lots. Originally constructed in 1930 as an industrial building, the property was converted to apartments in 2013, blending historic character with modern functionality. The property is located within two blocks of Hamilton Street in the heart of downtown Allentown, providing residents with convenient access to restaurants, retail, and entertainment venues. The buildings are also situated within ten minutes of I-78 and I-476, offering efficient vehicular access throughout the Lehigh Valley. The 5 parcel configuration includes two primary buildings and associated parking areas, enhancing functionality and long-term flexibility for ownership and operations. The property is currently managed using the Innago property management platform, allowing for streamlined operations, rent collection, and reporting, contributing to ease of ownership and management efficiency. Assets of this scale, location, and configuration are increasingly difficult to find in the downtown Allentown market. This offering presents a compelling opportunity for investors seeking a stabilized urban asset with long-term upside. Schedule a showing to explore the potential and move this opportunity forward.
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Home facts
- Year built:1900
- Listing ID #:769967
- Added:51 day(s) ago
- Updated:March 09, 2026 at 02:52 PM
Rooms and interior
- Total bathrooms:49
- Full bathrooms:37
- Half bathrooms:12
- Living area:70,732 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Year built:1900
- Building area:70,732 sq. ft.
- Lot area:0.52 Acres
- Construction Materials:Brick
- Levels:3 or More Stories
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$7,995,000
- Price per sq. ft.:$113.03
- Tax amount:$94,291
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