Turnkey Investment Opportunity in Allentown’s Historic Old Fairgrounds District!
This fully occupied, income-producing brick 3 unit offers a strong return and hassle-free ownership in the heart of Allentown. With three well-maintained 1-bedroom units, this property generates $34,620 in gross annual income. Tenants enjoy the convenience of public water/sewer, and the property benefits from efficient gas and electric utilities with RUBS implemented to help manage costs.
Key features include:
• Solid brick construction and classic 1900 charm
• Separate electric meters
• Current leases in place through early 2026
• Zoned R-MH in a desirable residential area near transit, dining, and more
• Off-street garage included for unit 1
Whether you’re a seasoned investor or just getting started, this is a rare chance to acquire a stabilized asset in a growing rental market. Low property taxes and strong tenant history make this a must-see. Schedule your private showing today—48 hours’ notice preferred.
Sold for $320,000 on 08/13/25
$320,000
518 W Tilghman St, Allentown, PA 18102
3beds
2,141sqft
Multi Family, Apartment
Built in 1900
-- sqft lot
$-- Zestimate®
$149/sqft
$1,976 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 15, 2025 at 07:43am
Listed by:
Frank J. Renaldi, Jr.,
CENTURY 21 Pinnacle
Bought with:
Gary Elbert, RS205118L
Bellman & Radcliff
Evelyn Martinez, RS280034
Bellman & Radcliff
Source: GLVR,MLS#: 759942
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Gas
Cooling
- None
Interior area
- Total interior livable area: 2,141 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage, On Street
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 1,916 sqft
Details
- Parcel number: 640704518364 1
- Zoning: R-MH
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Old Frgrnds Historic
Other
Other facts
- Listing terms: Cash,Conventional