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$675,000

  • Sold
  • Closed
  • Apartment
  • 13 Beds
  • 6 Full Baths
  • 5,280 Sq. Ft.
See This Home
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See This Home
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6-Unit Investment Property | 13 Bedrooms | $85K+ Gross Annual Income Turnkey 6-unit multifamily asset in East Allentown offering over 5,200 square feet of income-producing real estate. Built in 1910 and situated on a 0.138-acre lot, this fully leased brick property features 13 total bedrooms across six spacious units - a mix of 2- and 3-bedroom layouts - with leases in place and some units on month-to-month for added flexibility. Tenants cover gas heat via RUBS (Ratio Utility Billing System), and five of six units also pay water/sewer, keeping operating expenses lean. Property generates a gross annual income of $85,448 with net income of $60,552 and low owner-paid utilities (only one unit not on RUBS). Recent annual expenses total approx. $22,372, including taxes, management, and maintenance. Investment Highlights: "¢ Gross Scheduled Income: $85,448 "¢ Net Operating Income (NOI): $60,552 "¢ 6 Units / 13 Bedrooms "¢ Off-Street Parking for 8+ Vehicles "¢ Fully Occupied with Reliable Rental History "¢ RUBS Utility Billing | Brick Construction | Stable Cash Flow Perfect for investors seeking immediate returns and long-term equity growth in the heart of Allentown. Showings by appointment only due to tenant occupancy. Current property management company is offering a discount if new buyer stays in management.

Full Property Details for 266 E Walnut St

General

  • Sold For: $675,000
  • HOA FEE: $2,488
  • Taxes: $8,680
  • Status: Closed
  • Type: Apartment
  • Source: Lehigh_Valley
  • MLS ID: 759320
  • Added to Site: 214 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 13

Parking

  • Total Spaces: 8
  • Parking Features: Off Street, Parking Lot, On Street

Location

  • Area: Allentown-East
  • County: Lehigh
  • Subdivision: Not in Development
  • Driving Directions: From Tilghman St, Take Front St South towards Hamilton Blvd. Get on E Hamilton St/Hamilton St Bridge from Riverside Dr. Follow Hamilton St Bridge to S. Bradford St and make a right. Left onto E. Walnut St.

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: Ceiling Fan(s), Wall/Window Unit(s)
  • Heating Type: Gas, Hot Water

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Property Detached: Yes
  • Construction: Brick
  • Stories/Levels: 3
  • Square Feet: 5,280
  • Living Area: 5,280 Sq. Ft.
  • Year Built: 1910

Lot Features

  • Lot Size (Acres): 0.138
  • Lot Size (Sq. Ft.): 6,011
  • Lot Size Source: Public Records
  • Zoning: R-MH

Financial Considerations

  • Maint. Fee: $2,488
  • Operating Expenses: $22,372
  • Tax Amount: $8,680.85
  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 640772642549 1

Listed by CENTURY 21 Pinnacle
Sold by Bellman & Radcliff

Listing agent

— 266 E Walnut St —

  • CENTURY 21 Pinnacle

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 266 E Walnut St

School District:Allentown City School District
NameGradesDistance
Mosser El School
129 South Dauphin Street, Allentown, PA 18109
PK-50.2 mi
Harrison-Morton Middle School
137 North 2nd Street, Allentown, PA 18101
6-80.7 mi
Louis E Dieruff High School
815 North Irving Street, Allentown, PA 18109
9-121.1 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 266 E Walnut St

Date
Details
Price
Change
Source
11/25/2025
Sold
$675,000
-15.09%
MLS
6/21/2025
Listed
$795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by CENTURY 21 Pinnacle
Sold by Bellman & Radcliff

266 E Walnut Street, Allentown City, PA 18109 (MLS# 759320) is a Apartment property that was sold at $675,000 on November 25, 2025. Want to learn more about 266 E Walnut 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.