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 cooking
For sale
Price cut: $200K (3/24)
$2,395,000
222 S 15th St, Allentown, PA 18102
20beds
10,878sqft
Est.:
Multi Family, Apartment
Built in ----
-- sqft lot
$2,238,900 Zestimate®
$220/sqft
$-- HOA
What's special
Gas heat
- 73 days |
- 1,356 |
- 46 |
Zillow last checked: 7 hours ago
Listing updated: March 24, 2026 at 08:59am
Listed by:
Rudy Amelio Jr. 610-437-5501,
Rudy Amelio Real Estate 610-437-5501,
Jennifer R. Hart 484-767-3337,
Rudy Amelio Real Estate
Source: GLVR,MLS#: 770573
Originating MLS: Lehigh Valley MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 15
- Full bathrooms: 15
Heating
- Gas, Radiator(s)
Cooling
- Wall/Window Unit(s)
Interior area
- Total interior livable area: 10,878 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 4,791.6 Square Feet
- Dimensions: 40 x 120
Details
- Parcel number: 549667943712 001
- Zoning: RM
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
Condition
- Unknown
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: $220/sqft
- Tax assessed value: $539,600
- Annual tax amount: $18,378
- Date on market: 1/19/2026
- Cumulative days on market: 51 days
Estimated market value
$2,238,900
$2.13M - $2.35M
$1,716/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Price change | $2,395,000-7.7%$220/sqft |
Source: | ||
| 3/6/2026 | Listed for sale | $2,595,000$239/sqft |
Source: | ||
| 2/11/2026 | Pending sale | $2,595,000$239/sqft |
Source: | ||
| 1/19/2026 | Listed for sale | $2,595,000$239/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$14,609/mo
Principal & interest
$11915
Property taxes
$2694
More affordability tools
Climate risks
Neighborhood: West Walnut/Union Terrace
Nearby schools
GreatSchools rating
- 3/10Union Terrace El SchoolGrades: K-5Distance: 0.5 mi
- 3/10Francis D Raub Middle SchoolGrades: 6-8Distance: 0.3 mi
- 2/10William Allen High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- District: Allentown
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
