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$395,000 -$20,000 (-4.82%) Price Reduced

  • For Sale
  • Active
  • Apartment
  • 5 Beds
  • 3 Full Baths
  • 2,208 Sq. Ft.
  • Updated 16 hours ago
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Excellent opportunity to acquire a performing SRO house in the heart of Allentown's rental corridor. This income-producing property offers strong in-place cash flow and solid long-term upside for investors seeking reliable returns. The property generates approximately $37,656 in annual gross income, producing a Net Operating Income of $31,490 and an attractive 7.59% cap rate at the current asking price. ? With very little monthly expenses and minimal vacancy, this asset delivers positive annual cash flow of approximately $7,035, equating to roughly $586 per month in net income. ? Based on current projections, buyers can expect a first-year return on equity of approximately 22.5%, supported by stable cash flow, principal reduction, and appreciation. The first and second floors have a total of 4 units, two on each level, and each has their own kitchen and living space. The tenants maintain the common bathrooms, one on each floor. The 3rd floor unit has its own private bathroom.

Full Property Details for 521 N 6th St

General

  • Price: $395,000
  • HOA FEE: $1,130
  • Taxes: $2,537
  • Status: Active
  • Type: Apartment
  • Source: Lehigh_Valley
  • MLS ID: 771377
  • Updated: 3/23/2026
  • Added to Site: 29 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Parking

  • Garage: Yes
  • Parking Features: Detached, Garage, On Street

Location

  • Area: Allentown-Central
  • County: Lehigh
  • Subdivision: Old Frgrnds Historic
  • Driving Directions: From Route 22, take 145 South. Make a Left onto Linden and then a Left onto N. 6th St. Property will be 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

  • Heating Type: Baseboard, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Stories/Levels: 3
  • Square Feet: 2,208
  • Living Area: 2,208 Sq. Ft.
  • Year Built: 1890

Lot Features

  • Lot Size (Acres): 0.044
  • Lot Size (Sq. Ft.): 1,921
  • Lot Size Source: Public Records
  • Zoning: R-MH

Financial Considerations

  • Maint. Fee: $1,130
  • Operating Expenses: $6,516
  • Tax Amount: $2,537

Disclosures and Reports

  • Property ID: 640703539721 1

Listed by The Real Estate Firm&PropMngmt

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Listing agent

— 521 N 6th St —

  • The Real Estate Firm&PropMngmt

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 521 N 6th St

School District:Allentown City School District
NameGradesDistance
Francis D Raub Middle School
102 South Saint Cloud Street, Allentown, PA 18104
6-81.5 mi
William Allen High School
106 N 17th St, Allentown, PA 18104
9-121.4 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 521 N 6th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Price Reduced
$395,000
-4.82%
MLS
2/22/2026
Listed
$415,000
72.92%
MLS
5/20/2022
Sold
$240,000
—
Public Record
Get Price Alerts and Save Property
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 for 521 N 6th St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,555
1%
$78,700
—
2025
$2,537
—
$78,700
—
2024
$2,537
—
$78,700
—
2023
$2,537
-36%
$78,700
—
2022
$3,978
71%
$78,700
—
2019
$2,324
—
$78,700
—
2020
$2,335
2%
$78,700
—
2019
$2,296
7%
$78,700
—
2018
$2,146
3%
$78,700
—
2017
$2,091
—
$78,700
—
2016
$2,095
—
$78,700
—
2015
$2,096
-33%
$78,700
—
2014
$3,114
—
$78,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by The Real Estate Firm&PropMngmt

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521 N 6th Street, Allentown City, PA 18102 (MLS# 771377) is a Apartment property with 5 bedrooms and 3 full bathrooms. 521 N 6th Street is currently listed for $395,000 and was received on February 22, 2026. Want to learn more about 521 N 6th 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.

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