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$390,000
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Property Description
*MULTIPLE OFFERS RECEIVED! HIGHEST & BEST OFFERS ARE DUE BY TOMORROW, TUE 03/25 AT 2PM!*! Discover this exceptional 3-unit mixed-use investment property, and offering immediate rental income of $3,500 PER MONTH, with a projected income of $5,500 per month with the offices! Each unit is thoughtfully designed with modern stainless steel appliances, elegant hardwood floors, and spacious layouts that attract quality tenants. Large vacant office on the 1st floor can be converted into two and is currently on the market for rent! The building features a freshly painted exterior, adding curb appeal and ensuring a low-maintenance investment. Conveniently located close to major highways US-22 and I-78 for easy commute, Bucky Boyle Park, Coca Cola Park, Lehigh Valley Mall, Allentown Airport, shops, restaurants, and so much more! Whether you're a seasoned investor or just starting, this turnkey opportunity is perfect for long-term growth. Don't miss your chance to own this income-producing mixed-use property! *COMMERCIAL & RESIDENTIAL CLEAR CO WILL BE PROVIDED* *CAP RATE W/APTS ONLY: 9. CAP RATE W/APTS & COMM SPACE: 15*
Full Property Details
Full Property Details for 406 Ridge Ave
General
- Sold For: $390,000
- Taxes: $4,441
- Status: Closed
- Type: Apartment
- Source: Lehigh_Valley
- MLS ID: 753508
- Added to Site: 314 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Parking
- Parking Features: On Street
Location
- Area: Allentown-Central
- County: Lehigh
- Subdivision: Not in Development
- Cross Streets: W Gordon St
- Driving Directions: Take US-22 to Fullerton Ave exit, merge to Fullerton Ave, cont to N Front St, turn R to Tilghman St, turn L to Ridge Ave, the destination will be on the R
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: Electric, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 3
- Square Feet: 5,148
- Living Area: 5,148 Sq. Ft.
- Year Built: 1865
Lot Features
- Lot Size (Acres): 0.129
- Lot Size (Sq. Ft.): 5,619
- Lot Size Source: Public Records
- Zoning: B1/R
Financial Considerations
- Operating Expenses: $5,941
- Tax Amount: $4,441.38
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 640733997712001
Listed by Keller Williams Northampton
Sold by Keller Williams Northampton
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Schools
Schools serving 406 Ridge Ave
School District:Allentown City School District
| Name | Grades | Distance |
|---|---|---|
Sheridan El School 521 North 2nd Street, Allentown, PA 18102 | 1-5 | 0.1 mi |
Harrison-Morton Middle School 137 North 2nd Street, Allentown, PA 18101 | 6-8 | 0.3 mi |
Louis E Dieruff High School 815 North Irving Street, Allentown, PA 18109 | 9-12 | 1.2 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 406 Ridge Ave
Date
Details
Price
Change
Source
7/22/2025
Sold
$390,000
-2.48%
MLS
3/08/2025
Listed
$399,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
406 Ridge Avenue, Allentown, PA 18102 (MLS# 753508) is a Apartment property that was sold at $390,000 on July 22, 2025. Want to learn more about 406 Ridge Avenue? 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.

