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For sale
  • $675,000

    542 W Walnut St, Allentown, PA 18101

    --beds
    5baths
    4,541sqft
    : 
    Multi Family, Apartment
    Built in 1895
    -- sqft lot
    $-- Zestimate®
    $149/sqft
    $-- HOA

    What's special

    Solid brickUpgraded kitchensHardwood floorsWindow blindsLarge fire escapeCeiling fansTile bathrooms
    Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants pay gas for heat & cooking, & electric with ceiling fans for cooling. Located across from City Center's new Walnut Street Commons (with an attached parking garage*). These easy to rent apartments have upgraded kitchens, new SS fridges and stoves, counter tops, tile bathrooms, ceiling fans & window blinds. Pride of ownership shows in the clean & well maintained common spaces and quality tenants. Durable carpeting & rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. Three new roofs, plus side and rear yards are fenced & locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building & has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.
    82 days
    on Zillow
    |
    382
    |
    14
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 29, 2025 at 07:33pm

    Listed by:

    Carrie C. Ward,

    HowardHanna TheFrederickGroup 610-398-0411

    Source: GLVR,MLS#: 757173MLS LogoOriginating MLS: Lehigh Valley MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 542 W Walnut St.

    Next available tour time:Thursday at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 5
    Heating
    • Gas, Hot Water
    Cooling
    • Ceiling Fan(s)
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 4,541 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 4,486.68 Square Feet
    Details
    • Parcel number: 640710902314 1
    • Zoning: B-2
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Apartment
    Materials
    • Brick
    Condition
    • Year built: 1895

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Closed Circuit Camera(s), Smoke Detector(s), Fire Escape
    • Subdivision: Not in Development
    Location
    • Region: Allentown

    Financial & listing details

    • Price per square foot: $149/sqft
    • Tax assessed value: $206,300
    • Annual tax amount: $6,640
    • Date on market: 5/15/2025
    • Listing terms: Cash,Conventional
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