This well-maintained two-family property in Allentown offers the perfect blend of immediate cash flow and future upside. The renovated first-floor unit is occupied by a long-term tenant paying $1,250/month, while the spacious 2-bedroom second-floor unit is vacant and move-in ready—ideal for an owner-occupant or a new tenant. The upstairs unit is now poised to command market rent of approximately $1,650/month.
The property features a central boiler (heat paid by landlord), a shared washer and dryer in the basement, and a clear certificate of occupancy in place. Whether you're looking to house hack or expand your rental portfolio, this is a turn-key opportunity with solid fundamentals and value-add potential. Don't miss out on this fantastic opportunity to own a profitable and well-cared-for two-family building. Contact us today to schedule a viewing and make this investment yours! A Minimum of 24 Hour Notice is Required for Showing - Contact Info in Agent Remarks.
Sold for $310,000 on 07/30/25
$310,000
343 N 16th St, Allentown, PA 18102
3beds
1,612sqft
Multi Family, Apartment
Built in 1915
-- sqft lot
$303,000 Zestimate®
$192/sqft
$1,904 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 11:27am
Listed by:
Nick Spade,
Spade Property Management Inc.
Bought with:
Anthony Ramos, RM425965
Century 21 Ramos Realty
Maria Rossi, RS365548
Century 21 Ramos Realty
Source: GLVR,MLS#: 757199
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Hot Water
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Interior area
- Total interior livable area: 1,612 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 1,568 sqft
Details
- Parcel number: 549750330984001
- Zoning: R-MH-MEDIUM HIGH DENSITY
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Frame
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$303,000
2% more+ $6,060
With Zillow Showcase(estimated)
$309,060