111 N 5th St, Allentown, PA 18102

Attention Investors — An Extremely Rare Opportunity! This fully renovated 3-unit, end-unit building in the heart of Allentown is a true diamond in the rough. Offering over a 12% CAP rate with potential to climb even higher, this property delivers strong immediate cash flow with exceptional long-term upside. Each apartment occupies an entire floor, giving tenants oversized layouts, privacy, and abundant natural light. Key Investment Highlights: • Three full-floor apartments – 2 beds/1 bath each, with flexible layouts often adapted into 3-bedroom units. • Bright, spacious interiors with high ceilings and extra-large windows. • 6 total bedrooms, 3 full bathrooms. • Individual electric hot water heaters for each unit. • New washer/dryer hookups in Units 1 and 3. • Lower-level front entrance with potential to monetize a large storage room. • Tenant-paid utility surcharge ($90/month) covering water, sewer, trash, and heat—keeping operating expenses controlled. • Parking advantage – city on-street permits just $20/year, plus off-street parking at the rear of the building generating $25/month per space. This property is already a cash flow powerhouse, with further upside available through rent increases, parking income, and storage rental. Sold with a clear CO and easy to show. Opportunities like this are rare to find—don’t miss securing this diamond in the rough in one of Allentown’s most desirable locations.