Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential!
Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces.
Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy.
High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline.
Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels.
Value-Add Potential: Minor upgrades could boost rents and enhance property value.
Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base.
This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.
New construction
Price cut: $15K (8/4)
$360,000
22 S 13th St, Allentown, PA 18102
5beds
2,404sqft
Est.:
Townhouse, Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$150/sqft
$-- HOA
What's special
Shared roomsSpacious apartmentTraditional and co-living spaces
- 276 days
- on Zillow |
- 329 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 05:58am
Listed by:
Jennifer L. DeJesus,
Steel City Realty 484-895-9005
Source: GLVR,MLS#: 748083
Originating MLS: Lehigh Valley MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 1
- Full bathrooms: 5
Heating
- Gas
Cooling
- None
Interior area
- Total interior livable area: 2,404 sqft
Property
Details
- Parcel number: 549678784561 001
- Zoning: resi-med
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Multi Family
Materials
- Brick
Condition
- New Construction
- New construction: Yes
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not in Development
Location
- Region: Allentown
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $93,000
- Annual tax amount: $2,974
- Date on market: 11/6/2024
- Listing terms: Cash,Conventional,FHA,VA Loan
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