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638 N 16th Street, Allentown City, PA 18102

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For Sale

$340,000

2 beds • 2 baths • 1 half baths • 1,972 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $172.41
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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. Includes basement storage and low taxes. Solid structure, prime location, and strong upside-ideal for seasoned or first-time investors.
MLS# 759873

Courtesy Of RE/MAX real estate

(610) 691-6100

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick
  • Lot Size
    0.04 Acres

Map and Directions

Directions to 638 N 16th Street, Allentown City, PA 18102

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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.