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$335,000
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Property Description
Investor Alert! Turnkey duplex just 2 minutes from the Allentown Fairgrounds, perfect for building/expanding your portfolio, or live in one unit, and rent the other. Long-term ownership since the 1970s shows pride of care. Each unit has separate utilities, economical gas heat, and month-to-month tenant who wants to stay (first floor currently vacant). Current rents are well below market, with a CAP rate of 5.8%-and potential to reach 8-9% with market-level rents. The first-floor unit includes 1 bed, 1 bath, kitchen, living room, and basement access with laundry. The spacious second-floor unit features a private entrance, covered porch, brand-new central air/heating rooftop unit (June 2025), eat-in kitchen, living room, dining area, half bath with washer/dryer, and an upper-level bedroom with full bath and Jacuzzi tub. Both apartments offer two points of entry for added convenience and flexibility. A rare 2-car garage allows for off-street parking, a huge bonus in this area. Includes basement storage and low taxes. Solid structure, prime location, and strong upside-ideal for seasoned or first-time investors. Clear CO will be provided at closing!
Full Property Details
Full Property Details for 638 N 16th St
General
- Sold For: $335,000
- HOA FEE: $300
- Taxes: $2,931
- Status: Closed
- Type: Apartment
- Source: Lehigh_Valley
- MLS ID: 759873
- Added to Site: 245 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Parking
- Garage: Yes
- Total Spaces: 2
- Parking Features: Detached, Garage
Location
- Area: Allentown-West
- County: Lehigh
- Subdivision: Not in Development
- Driving Directions: From US-22 W take the 15th Street exit, take left toward Allentown. Turn slightly left onto Mauch Chunk Rd and continue on 15th Street. Turn right on Pennsylvania St, Turn left at the 2nd cross street onto N 16th St. Destination 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
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Square Feet: 1,972
- Living Area: 1,972 Sq. Ft.
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.041
- Lot Size (Sq. Ft.): 1,799
- Lot Size Source: Public Records
- Zoning: R-Mh
Financial Considerations
- Maint. Fee: $300
- Operating Expenses: $5,114
- Tax Amount: $2,931.85
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Property ID: 549741670302 001
Listed by RE/MAX Real Estate
Sold by Pocono Mtn. Assoc. of REALTORS
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Schools
Schools serving 638 N 16th St
School District:Allentown City School District
| Name | Grades | Distance |
|---|---|---|
Muhlenberg El School 740 North 21st Street, Allentown, PA 18104 | K-5 | 0.6 mi |
Trexler Middle School 851 North 15th Street, Allentown, PA 18102 | 6-8 | 0.3 mi |
William Allen High School 106 N 17th St, Allentown, PA 18104 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 638 N 16th St
Date
Details
Price
Change
Source
2/03/2026
Sold
$335,000
-1.47%
MLS
7/03/2025
Listed
$340,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
638 N 16th Street, Allentown City, PA 18102 (MLS# 759873) is a Apartment property that was sold at $335,000 on February 03, 2026. Want to learn more about 638 N 16th 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.
