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$575,000 Just Listed
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Property Description
Excellent investment opportunity! Mixed-use corner property featuring a well-established, operating pizzeria/restaurant on the first floor with excellent visibility and exposure. The residential portion includes two apartments. The first unit is a 1-bedroom apartment with two levels. The second unit is a well-maintained 3-bedroom apartment featuring hardwood floors, an updated tile bathroom, and ample living space. The property offers separate utilities for the commercial space and each residential unit, making management efficient and expenses easy to track. A large basement provides abundant storage space for both the business and tenants. Prime corner location with strong street presence, convenient access to major routes ,walking distance to the hospital, and local amenities. An ideal opportunity for investors seeking multiple income streams from both commercial and residential tenants.
Full Property Details
Full Property Details for 500 W Gordon St
General
- Price: $575,000
- Taxes: $5,886
- Status: Active
- Type: Commercial
- Source: Lehigh_Valley
- MLS ID: 777896
- Updated: 5/29/2026
- Added to Site: 2 day(s) ago
Location
- Area: Allentown-Central
- County: Lehigh
- Cross Streets: N 5th St.
- Driving Directions: 4th St to West on Gordon St.
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: Gas
Structural Information
- Square Feet: 4,220
- Current Bldg. Use: Multi-Family, Restaurant
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.063
- Lot Size (Sq. Ft.): 2,744
- Street/Road Desc.: Other
- Zoning: R-MH
Financial Considerations
- Tax Amount: $5,886.46
Disclosures and Reports
- Property ID: 640712277558-1
Listed by Century 21 Ramos Realty
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Schools
Schools serving 500 W Gordon St
School District:Allentown City School District
| Name | Grades | Distance |
|---|---|---|
Central El School, Allentown, PA 829 West Turner Street, Allentown, PA 18102 | 1-5 | 0.4 mi |
Francis D Raub Middle School 102 South Saint Cloud Street, Allentown, PA 18104 | 6-8 | 1.5 mi |
William Allen High School 106 N 17th St, Allentown, PA 18104 | 9-12 | 1.4 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 500 W Gordon St
Date
Details
Price
Change
Source
5/29/2026
Listed
$575,000
901.74%
MLS
5/03/2011
Sold
$57,400
—
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 500 W Gordon St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,886
1%
$182,600
—
2025
$5,846
—
$182,600
—
2024
$5,846
—
$182,600
—
2023
$5,846
-37%
$182,600
—
2022
$9,284
74%
$182,600
—
2019
$5,351
—
$182,600
—
2020
$5,377
47%
$182,600
47%
2019
$3,666
7%
$124,300
—
2018
$3,421
3%
$124,300
—
2017
$3,334
—
$124,300
—
2016
$3,339
—
$124,300
—
2015
$3,342
-32%
$124,300
—
2014
$4,918
—
$124,300
—
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 500 W Gordon St
500 W Gordon Street, Allentown City, PA 18102 (MLS# 777896) is a Commercial property. 500 W Gordon Street is currently listed for $575,000 and was received on May 29, 2026. Want to learn more about 500 W Gordon Street? Do you have questions about finding other Commercial 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.

