LKV Realty
Logo
$349,000
$1,650Reward *
521 N 6th Street, Allentown City, PA 18102Listing ID 779204

521 N 6th Street, Allentown City, PA 18102

Active
Old Frgrnds Historic
Time on site: 62 daysLast updated: 4 days ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Apartment
Bedrooms
Bedrooms
5
Bathrooms
Bathrooms
3
Square Feet
Square Feet
2,208
Acres
Acres
0.04
Days on Site
Days on Site
62
Cooling
Cooling
None
Heating
Heating
Baseboard, Electric
Year Built
Year Built
1890
Stories
Stories
3
Parking
Parking
Detached, Garage, On Street

Now Offered at $369,500 w/ Owner Financing possible!!! 521 N. 6th Street presents an exceptional opportunity to acquire a fully licensed Single Room Occupancy (SRO) investment delivering immediate cash flow, strong operating performance, and meaningful upside in one of the Lehigh Valley’s most resilient rental markets. Priced at just $369,500, this stabilized asset generates a Current Net Operating Income of $31,140, producing an impressive 8.43% capitalization rate. Through modest rent optimization and continued professional management, the property offers a projected Pro Forma NOI of $34,140, increasing returns to an outstanding 9.24% pro forma cap rate. These performance metrics position the property among the stronger cash-flow opportunities currently available in the region. Unlike traditional multifamily properties that rely on a small number of apartment leases, this licensed SRO benefits from multiple independent income streams, helping to reduce vacancy exposure while creating consistent monthly cash flow. The property is currently operating at 100% occupancy, with several rooms still offering measurable rental upside, allowing investors to increase revenue without significant capital improvements. With strong in-place income, efficient operating expenses, and a clear value-add strategy, 521 N. 6th Street represents an excellent opportunity for investors seeking dependable cash flow, long-term appreciation, or a high-performing addition to an existing portfolio.

Property Information

Property Details

Location

Address
521 N 6th Street
County
Lehigh
City
Allentown City
Zip Code
18102
Subdivision
Old Frgrnds Historic
School District
Allentown
MLS Area
Allentown-Central

Interior Features

Beds and Baths

Bedrooms
5
Full Bathrooms
3

Building

Building Information

Square Feet
2,208
Year Built
1890
Stories
3
Construction
Brick

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$2,537
The Real Estate Firm&PropMngmt, (484) 542-6568

Market Report for 18102

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Greater Lehigh Valley REALTORS®
Greater Lehigh Valley REALTORS® logo

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but is not guaranteed accurate by the MLS.

For corrections to this data please contact Brytecore MLS Support.

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