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$705,000 Just Listed

  • For Sale
  • Active
  • Apartment
  • 6,742 Sq. Ft.
  • Updated 3 days ago
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5-Unit Multifamily + 4 Garage Rentals Offered at $705,000 8.49% Cap | 1.53 DSCR | 11.8% CoC Return This stabilized five-unit multifamily asset with four additional garage rentals offers strong in-place income, excellent leverage compatibility, and a diversified unit mix that supports long-term stability. With an 8.49% cap rate at list price and a projected 1.53 DSCR under 6.25% financing assumptions, the property provides immediate cash flow while maintaining strong downside protection.

Full Property Details for 542 N 6th St

General

  • Price: $705,000
  • HOA FEE: $4,071
  • Taxes: $6,848
  • Status: Active
  • Type: Apartment
  • Source: Lehigh_Valley
  • MLS ID: 773194
  • Updated: 3/16/2026
  • Added to Site: 3 day(s) ago

Additional Information

  • Security/Safety: Smoke Detector(s), Fire Escape

Parking

  • Garage: Yes
  • Parking Features: Detached, Garage

Location

  • Area: Allentown-Central
  • County: Lehigh
  • Subdivision: Old Frgrnds Historic
  • Cross Streets: W Allen St
  • Driving Directions: 1. Take US-22 West toward Allentown. 2. Take the Tilghman Street exit 3. Turn left onto Tilghman Street 4. Turn left onto N. 6th Street. 5. 542 N. 6th St will be on your right, between Allen St and Linden St.

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
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Construction: Brick
  • Stories/Levels: 3
  • Square Feet: 6,742
  • Living Area: 6,742 Sq. Ft.
  • Year Built: 1895

Lot Features

  • Lot Size (Acres): 0.056
  • Lot Size (Sq. Ft.): 2,457
  • Lot Size Source: Public Records
  • Zoning: R-MH

Financial Considerations

  • Maint. Fee: $4,071
  • Operating Expenses: $24,540
  • Tax Amount: $6,848

Disclosures and Reports

  • Property ID: 640703354089 1

Listed by The Real Estate Firm&PropMngmt

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— 542 N 6th St —

  • The Real Estate Firm&PropMngmt

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 542 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 542 N 6th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/16/2026
Listed
$705,000
227.91%
MLS
4/12/2023
Sold
$215,000
—
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 542 N 6th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,980
—
$92,300
—
2024
$2,980
—
$92,300
—
2023
$2,980
-36%
$92,300
—
2022
$4,660
71%
$92,300
—
2019
$2,730
—
$92,300
—
2020
$2,743
2%
$92,300
—
2019
$2,698
7%
$92,300
—
2018
$2,521
3%
$92,300
—
2017
$2,456
—
$92,300
—
2016
$2,460
—
$92,300
—
2015
$2,462
-33%
$92,300
—
2014
$3,652
—
$92,300
—
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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542 N 6th Street, Allentown City, PA 18102 (MLS# 773194) is a Apartment property with 0 bedrooms and 0 full bathrooms. 542 N 6th Street is currently listed for $705,000 and was received on March 16, 2026. Want to learn more about 542 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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