343 N 16th Street, Allentown, PA 18102 - Photo 1

1/1

$310,000

Sold
Closed
Apartment
3 Beds
2 Full Baths
1,612 Sq. Ft.

1/1

Property Description

This well-maintained two-family property in Allentown offers the perfect blend of immediate cash flow and future upside. The renovated first-floor unit is occupied by a long-term tenant paying $1,250/month, while the spacious 2-bedroom second-floor unit is vacant and move-in ready-ideal for an owner-occupant or a new tenant. The upstairs unit is now poised to command market rent of approximately $1,650/month. The property features a central boiler (heat paid by landlord), a shared washer and dryer in the basement, and a clear certificate of occupancy in place. Whether you're looking to house hack or expand your rental portfolio, this is a turn-key opportunity with solid fundamentals and value-add potential. Don't miss out on this fantastic opportunity to own a profitable and well-cared-for two-family building. Contact us today to schedule a viewing and make this investment yours! A Minimum of 24 Hour Notice is Required for Showing - Contact Info in Agent Remarks.

Full Property Details

Full Property Details for 343 N 16th St

General

Sold For: $310,000
HOA FEE: $1,700
Taxes: $2,678
Status: Closed
Type: Apartment
Source: Lehigh_Valley
MLS ID: 757199
Added to Site: 231 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 3

Other Rooms

Laundry: Common Area

Parking

Parking Features: On Street

Location

Area: Allentown-West
County: Lehigh
Subdivision: Not in Development
Driving Directions: Driving West down Hamilton Street, make a right onto N 17th St, next make a right onto W Gordon St, and the a right onto N 16th St. Property on left

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, Hot Water

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Brick, Frame
Stories/Levels: 3
Square Feet: 1,612
Living Area: 1,612 Sq. Ft.
Year Built: 1915

Lot Features

Lot Size (Acres): 0.036
Lot Size (Sq. Ft.): 1,577
Zoning: R-MH-MEDIUM HIGH DENSITY

Financial Considerations

Maint. Fee: $1,700
Operating Expenses: $10,827
Tax Amount: $2,678
Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan

Disclosures and Reports

Property ID: 549750330984001

Listed by Spade Property Management Inc.
Sold by Century 21 Ramos Realty

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— 343 N 16th St —

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Schools

Schools serving 343 N 16th St

School District:Allentown City School District

Name	Grades	Distance
Luis A. Ramos El School 1430 West Allen Street, Allentown, PA 18102	K-5	0.2 mi
Francis D Raub Middle School 102 South Saint Cloud Street, Allentown, PA 18104	6-8	0.6 mi
William Allen High School 106 N 17th St, Allentown, PA 18104	9-12	0.3 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 343 N 16th St

Date

Details

Price

Change

Source

7/30/2025

Sold

$310,000

3.37%

MLS

5/30/2025

Listed

$299,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Active
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1,170
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343 N 16th Street, Allentown, PA 18102 (MLS# 757199) is a Apartment property that was sold at $310,000 on July 30, 2025. Want to learn more about 343 N 16th Street? Do you have questions about finding other Apartment real estate for sale in Allentown? You can browse all Allentown real estate or contact a Coldwell Banker agent to request more information.

343 N 16th St Allentown, PA 18102