*Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a modern kitchen with newer appliances plus a laundry area that can be easily rented for $1,850. It offers a total net income of $32,585 resulting in an impressive 11% cap rate! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success! The seller will provide a clear certificate of occupancy from the City of Allentown.
Sold for $295,000 on 05/10/24
$295,000
614 N 8th St, Allentown, PA 18102
5beds
2,316sqft
Townhouse
Built in 1900
2,003.76 Square Feet Lot
$314,300 Zestimate®
$127/sqft
$2,292 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 10, 2024 at 09:24am
Listed by:
Rick Matos,
IronValley RE of Lehigh Valley
Bought with:
George J. Mosellie, RS351305
Coldwell Banker Hearthside
Source: GLVR,MLS#: 734797
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Double Oven, Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Breakfast Area, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen
- Flooring: Carpet, Laminate, Luxury Vinyl, Luxury VinylPlank, Resilient, Tile
- Basement: Full,Other
Interior area
- Total interior livable area: 2,316 sqft
- Finished area above ground: 2,316
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Off Street, On Street
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 2,003 sqft
Details
- Parcel number: 549793233003001
- Zoning: R-MH-MEDIUM HIGH DENSITY
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,FHA
- Ownership type: Fee Simple
Services availability

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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$314,300
2% more+ $6,286
With Zillow Showcase(estimated)
$320,586