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322 Ridge Ave 3 Unit Apartment Building $570,119 CAD ($190,040 CAD/Unit) Allentown, PA 18102
Executive Summary
For sale: three-unit investment property located in Allentown, PA.
Long-term tenants currently occupy the second and third floors, and there are approved plans to create a third three-bedroom apartment in the retail space. This property is situated in a vibrant residential area on Ridge Avenue, just three blocks from the newly constructed Jaindl Enterprise Waterfront mixed-use Class A building. Allentown’s Vision 2030 Initiative includes plans for neighborhood revitalization, making this location a strategic investment opportunity.
Long-term tenants currently occupy the second and third floors, and there are approved plans to create a third three-bedroom apartment in the retail space. This property is situated in a vibrant residential area on Ridge Avenue, just three blocks from the newly constructed Jaindl Enterprise Waterfront mixed-use Class A building. Allentown’s Vision 2030 Initiative includes plans for neighborhood revitalization, making this location a strategic investment opportunity.
Property Facts
| Price | $570,119 CAD | Building Class | C |
| Price Per Unit | $190,040 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment or Owner User | Building Size | 4,500 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1863 |
| Property Subtype | Apartment | ||
| Zoning | R-MH - Medium High Density Residential | ||
| Price | $570,119 CAD |
| Price Per Unit | $190,040 CAD |
| Sale Type | Investment or Owner User |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,500 SF |
| No. Stories | 3 |
| Year Built | 1863 |
| Zoning | R-MH - Medium High Density Residential |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 640743056829-1 | Improvements Assessment | $221,025 CAD |
| Land Assessment | $27,542 CAD | Total Assessment | $248,567 CAD |
Property Taxes
Parcel Number
640743056829-1
Land Assessment
$27,542 CAD
Improvements Assessment
$221,025 CAD
Total Assessment
$248,567 CAD
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322 Ridge Ave
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