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$575,000 Just Listed
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Property Description
Fully occupied four-unit investment property generating $61,020 in gross income and $50,332 in net income. The asset features a diverse unit mix of one studio, two 1-bedroom units, and one 2-bedroom unit, supporting consistent tenant demand and stable cash flow. The property is 100% occupied, providing immediate income from day one. Tenants pay all utilities except water/sewer/trash, keeping landlord expenses low and limited to taxes, insurance, and water/sewer/trash. Located in the heart of the Old Allentown Historic District, the building offers classic brick exterior charm with high ceilings, while the units have been updated to meet modern tenant expectations. The location provides easy access to local dining, entertainment, and ongoing development in downtown Allentown, supporting long-term rental demand. The property will be delivered with a clear Certificate of Occupancy from the City of Allentown, adding confidence for buyers. Showings will be limited to accommodate tenants. Seller is also offering 106 N 8th Street, located just one block away, creating an opportunity for a portfolio purchase. With strong in-place income, low operating expenses, and a prime location, this property is well suited for investors seeking stable cash flow and long-term performance in a high-demand rental market.
Full Property Details
Full Property Details for 135 N Eighth St
General
- Price: $575,000
- HOA FEE: $1,220
- Taxes: $4,058
- Status: Active
- Type: Apartment
- Source: Lehigh_Valley
- MLS ID: 775076
- Updated: 4/17/2026
- Added to Site: 2 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Parking
- Total Spaces: 7
- Parking Features: On Street
Location
- Area: Allentown-Central
- County: Lehigh
- Subdivision: Not in Development
- Driving Directions: From Route 22, take 7th St (PA-145 S) into Allentown, turn left on Tilghman St, then right on N 8th St. From I-78, take Lehigh St north, connect to Tilghman St west, then right on N 8th St. Property is on the right.
School Information
- Elem School District: Allentown
- Midd School District: Allentown
- High School District: Allentown
Community
- Home Owners Assn.: Lehigh Valley MLS
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 3
- Square Feet: 2,760
- Living Area: 2,760 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.051
- Lot Size (Sq. Ft.): 2,220
- Lot Size Source: Public Records
- Lot Dimensions: 18.5 x 120
- Zoning: B-2
Financial Considerations
- Maint. Fee: $1,220
- Operating Expenses: $9,670
- Tax Amount: $4,058.01
Disclosures and Reports
- Property ID: 640701216295 1
Listed by EXP Realty LLC
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Schools
Schools serving 135 N Eighth St
School District:Allentown City School District
| Name | Grades | Distance |
|---|---|---|
Central El School, Allentown, PA 829 West Turner Street, Allentown, PA 18102 | 1-5 | 0.1 mi |
Francis D Raub Middle School 102 South Saint Cloud Street, Allentown, PA 18104 | 6-8 | 1.2 mi |
William Allen High School 106 N 17th St, Allentown, PA 18104 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 135 N Eighth St
Date
Details
Price
Change
Source
4/17/2026
Listed
$575,000
720.26%
MLS
6/22/2012
Sold
$70,100
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 135 N Eighth St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$4,058
1%
$125,700
—
2025
$4,030
—
$125,700
—
2024
$4,030
—
$125,700
—
2023
$4,030
-37%
$125,700
—
2022
$6,383
73%
$125,700
—
2019
$3,689
—
$125,700
—
2020
$3,707
2%
$125,700
—
2019
$3,646
7%
$125,700
—
2018
$3,411
3%
$125,700
—
2017
$3,323
—
$125,700
—
2016
$3,328
—
$125,700
—
2015
$3,331
-33%
$125,700
—
2014
$4,974
—
$125,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 135 N Eighth St
135 N 8th Street, Allentown City, PA 18101 (MLS# 775076) is a Apartment property with 5 bedrooms and 4 full bathrooms. 135 N 8th Street is currently listed for $575,000 and was received on April 17, 2026. Want to learn more about 135 N 8th Street? Do you have questions about finding other Apartment real estate for sale in Allentown City? You can browse all Allentown City real estate or contact a Coldwell Banker agent to request more information.

