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114 S 8th St, Allentown, PA 18102

$650,000

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List Price: $650,000
Status: ACTIVE
Days on Market: 2
MLS#: PALH2017296
Subtype: Multi-Family
Style: Traditional
Year Built: 1880
Lot Size: 6,900
Acres: 0.16
Subdivision: Allentown
MLS Area Major: Allentown City (12302)

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Property Description

This large detached 4-unit residential building with 15 detached garages is situated just two blocks from the ADP building and PPL Center in Downtown Allentown. The property offers $87,300 in total annual potential gross income across both the residential units and garage bays. The main residential structure consists of two 2-bedroom apartments and two 1-bedroom apartments, featuring high ceilings and strong natural light throughout. Behind the main building, the 15 detached garages are arranged in two separate blocks of 12 and 3 units, with the garage spaces previously rented at $125 per month per bay. All four residential units and all 15 garages are currently vacant to allow easy access for showings and immediate tenant placement upon purchase. The property is being sold in as-is condition, and a completed presale municipal inspection will be provided in the documents section upon receipt. Property is go-and-show—schedule your tour today!

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Additional Information

Taxes: $3,842
Property Description: Traditional
Zoning: R-H
Heating: Electric Baseboard
Air Conditioning: None
Foundation: Stone
Parking Features: On-site - Rent
Garage Spaces: 15
School District: Allentown