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542 West Walnut Street, Allentown, PA 18101

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For Sale

$675,000

4,541 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $148.65
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants enjoy gas heat and cooking at their expense and ceiling fans for cooling. This building is across from City Center's new Walnut Street Commons, which has an attached parking garage*. All apartments have been upgraded with new appliances (SS fridges and new stoves), counter tops, tile bathrooms, ceiling fans and window blinds and are easy to rent. The pride of ownership shows in the clean and well maintained exterior and interior common spaces. Durable carpeting and rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. The side yard and rear yard are fenced and locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building and has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.
MLS# 757173

Courtesy Of Howard Hanna The Frederick Group

(610) 398-0411

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Brick
  • Lot Size
    0.1 Acres

Map and Directions

Directions to 542 West Walnut Street, Allentown, PA 18101

Home seller CENTURY 21 Ramos Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Ramos Realty

(610) 866-4423
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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