638 N 16th Street, Allentown, PA 18102

Investor Alert! Turnkey duplex just 2 minutes from the Allentown Fairgrounds, perfect for building/expanding your portfolio, or live in one unit, and rent the other. Long-term ownership since the 1970s shows pride of care. Each unit has separate utilities, economical gas heat, and month-to-month tenant who wants to stay (first floor currently vacant). Current rents are well below market, with a CAP rate of 5.8%—and potential to reach 8–9% with market-level rents. The first-floor unit includes 1 bed, 1 bath, kitchen, living room, and basement access with laundry. The spacious second-floor unit features a private entrance, covered porch, brand-new central air/heating rooftop unit (June 2025), eat-in kitchen, living room, dining area, half bath with washer/dryer, and an upper-level bedroom with full bath and Jacuzzi tub. Both apartments offer two points of entry for added convenience and flexibility. A rare 2-car garage allows for off-street parking, a huge bonus in this area. … read more …