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222 S 15th St 15 Unit Apartment Building $2,877,861 CAD ($191,857 CAD/Unit) Allentown, PA 18102
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,877,861 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $191,857 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 |
| Zoning | R-M - RM | ||
| Price | $2,877,861 CAD |
| Price Per Unit | $191,857 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 | $1,644 CAD | - |
| 2+1 | 5 | $2,052 CAD | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 549667943712-1 | Total Assessment | $739,678 CAD (2026) |
| Land Assessment | $123,371 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $616,307 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
549667943712-1
Land Assessment
$123,371 CAD (2026)
Improvements Assessment
$616,307 CAD (2026)
Total Assessment
$739,678 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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222 S 15th St
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