$60K ACTUAL Gross, $49K Net, 8.91%+ CAP @ Asking. This turnkey multi-family investment comes with a CLEAR Certificate of Occupancy & 3 (three) renovated apartments & 6 (six), single-car garages, across three structures, on one parcel, with the potential to build. The 1st building is a 1900 SF single-family home with 3/4BRs, 1.5 BA, with a brand-new kitchen, new paint, updated floors, 1st FL wash/dryer & significant upgrades throughout. The 2nd & 3rd buildings each hold 1-BR/1BA apartments with three (3) individual car garages below (totaling 6). Both 1BR apartments are being completely gutted & remodeled with Brand NEW paint, flooring, stainless appliances, washers/dryers, updated electric, etc. Ten-year-old roof. All utilities are separated & paid by the tenant. Across the ST from Luis Ramos Elementary, Jackson Childhood Cntr, & walking distance to LV Hospital, CVS, & other amenities.
Sold for $475,000 on 02/01/24
$475,000
514 N 15th St, Allentown, PA 18102
5beds
3,255sqft
Townhouse, Multi Family, Apartment, Single Family Residence
Built in 1910
4,791.6 Square Feet Lot
$266,600 Zestimate®
$146/sqft
$1,737 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: February 02, 2024 at 10:29am
Listed by:
Joshua Schoenberger 888-397-7352,
EXP Realty LLC
Bought with:
Elias G. Boutros, RS293806
TSB Property
Source: GLVR,MLS#: 726685
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric, Gas
Cooling
- Wall Unit(s)
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 3,255 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Has garage: Yes
Features
- Stories: 3
- Patio & porch: Patio
Lot
- Size: 4,791 sqft
Details
- Parcel number: 549751432261001
- Zoning: R-MH-MEDIUM HIGH DENSITY
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Multi Family, Apartment, Single Family Residence
Materials
- Brick, Vinyl Siding
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$266,600
2% more+$5,332
With Zillow Showcase(estimated)$271,932