521 N 6th Street, Allentown, PA 18102

Allentown
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
521 N 6th Street,Allentown City, PA 18102
$349,000
  • 5 Beds
  • 3 Baths
  • 2,208 sq. ft.
  • Multi-family
  • Active
Listed by: frank j. renaldi, jr.
Office: the real estate firm&propmngmt
MLS#:779204
Source:PA_LVAR

Price summary

  • Price:$349,000
  • Price per sq. ft.:$158.06

About this home

Now Offered at $369,500 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 $369,500, 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...

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Home facts

  • Year built:1890
  • Subdivision & Development:Old Frgrnds Historic
  • Listing ID #:779204
  • Added:52 day(s) ago
  • Updated:August 13, 2026 at 06:45 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,208 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric

Structure and exterior

  • Year built:1890
  • Building area:2,208 sq. ft.
  • Lot area:0.04 Acres
  • Construction Materials:Brick
  • Levels:3 or More Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$349,000
  • Price per sq. ft.:$158.06
  • Tax amount:$2,537

Parking

  • Parking description:Garage, On Street
  • Garage:Yes

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