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222 S 15th St
Allentown, PA 18102
Multifamily Property For Sale
·
15 Units
Investment Highlights
- Well maintained, Apartment style
- Public Transportation
- Ample natural light
Executive Summary
Exceptional opportunity to acquire a 15-unit apartment building in Allentown. This brick, 3-story apartment-style property features a strong unit mix of 1,2 bedroom and efficiency apartments, providing immediate cash flow. The property is serviced by public water and sewer, offers gas heat, and individual units include oven/range and refrigerator. Located near downtown Allentown, public transportation, entertainment, dining, and shopping, ensuring consistent rental demand. Well-maintained asset with long-term tenants and upside potential through rent optimization. Ideal for investors seeking a stable, income-producing multifamily property in a growing urban market. 48-hour notice required for showings. Landlord pays gas heat, hot water, water/sewer, trash. Tenant pays gas cooking and electric. Each unit has separate meters for electric and gas.
Property Facts
| Price Per Unit | $236,583 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| No. Units | 15 | Building Size | 10,878 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Low-Rise | ||
| Zoning | R-M - RM | ||
| Price Per Unit | $236,583 CAD |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 10,878 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R-M - RM |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,641 CAD | - |
| 2+1 | 5 | $2,048 CAD | - |
Property Taxes
| Parcel Number | 549667943712-1 | Improvements Assessment | $613,439 CAD |
| Land Assessment | $122,797 CAD | Total Assessment | $736,236 CAD |
Property Taxes
Parcel Number
549667943712-1
Land Assessment
$122,797 CAD
Improvements Assessment
$613,439 CAD
Total Assessment
$736,236 CAD
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