638 16th Street
Description
Investor Alert! Turnkey duplex just 2 minutes from the Allentown Fairgrounds—perfect for building or expanding your portfolio. Long-term ownership since the 1970s shows pride of care. Each unit has separate utilities, economical gas heat, and month-to-month tenants who want to stay. Current rents are well below market, with a CAP rate of 5.8%—and potential to reach 8–9% with market-level rents. The first-floor unit includes 1 bed, 1 bath, kitchen, living room, and basement access with laundry. The spacious second-floor unit features a private entrance, covered porch, brand-new central air/heating rooftop unit (June 2025), eat-in kitchen, living room, dining area, half bath with washer/dryer, and an upper-level bedroom with full bath and Jacuzzi tub. Both apartments offer two points of entry for added convenience and flexibility. A rare 2-car garage allows for off-street parking, a huge bonus in this area. Includes basement storage and low taxes. Solid structure, prime loc
$340,000
| Type: | Investment Property |
| Built: | 1910 |
| County: | Lehigh |
| Area: | Allentown City |
| Listing Office: | RE/MAX Real Estate |
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Exterior Features
| Approximate Lot Size | 0.041 |
| Exterior Description | |
| Garage Description | |
| Parking Driveway Description | |
| Style |
Interior Features
| Appliances | |
| Basement | |
| Cooling | Central AC, Window ACs |
| Heating | Gas |
| Dining Area(s) | |
| Fireplace | |
| Number of Rooms | 0 |
Property Features
| Sewer | Public |
| Sub Property Type | |
| Taxes | $2,931.85 |
| Municipal Tax ID | 0 |
| Utilities | |
| Water | Public |
| Year Built Description | Unknown |
| Square Footage | 1972 |
| Cost per Square Foot | $172.41 |
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