518 W Tilghman Street, Allentown City, PA 18102 - Photo 1

1/1

$320,000

Sold
Closed
Apartment
3 Beds
3 Full Baths
2,141 Sq. Ft.

1/1

Property Description

Turnkey Investment Opportunity in Allentown's Historic Old Fairgrounds District! This fully occupied, income-producing brick 3 unit offers a strong return and hassle-free ownership in the heart of Allentown. With three well-maintained 1-bedroom units, this property generates $34,620 in gross annual income. Tenants enjoy the convenience of public water/sewer, and the property benefits from efficient gas and electric utilities with RUBS implemented to help manage costs. Key features include: "¢ Solid brick construction and classic 1900 charm "¢ Separate electric meters "¢ Current leases in place through early 2026 "¢ Zoned R-MH in a desirable residential area near transit, dining, and more "¢ Off-street garage included for unit 1 Whether you're a seasoned investor or just getting started, this is a rare chance to acquire a stabilized asset in a growing rental market. Low property taxes and strong tenant history make this a must-see. Schedule your private showing today-48 hours' notice preferred.

Full Property Details

Full Property Details for 518 W Tilghman St

General

Sold For: $320,000
HOA FEE: $1,679
Status: Closed
Type: Apartment
Source: Lehigh_Valley
MLS ID: 759942
Added to Site: 204 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 3

Parking

Garage: Yes
Total Spaces: 1
Parking Features: Detached, Garage, On Street

Location

Area: Allentown-Central
County: Lehigh
Subdivision: Old Frgrnds Historic
Driving Directions: From 22 - Take Macarthur Rd/145 South to Tilghman, left onto Tilghman, home will be on the righthand side.

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: 2,141
Living Area: 2,141 Sq. Ft.
Year Built: 1900

Lot Features

Lot Size (Acres): 0.044
Lot Size (Sq. Ft.): 1,914
Lot Size Source: Public Records
Zoning: R-MH

Financial Considerations

Maint. Fee: $1,679
Operating Expenses: $6,914
Terms: Cash, Conventional

Disclosures and Reports

Property ID: 640704518364 1

Listed by CENTURY 21 Pinnacle
Sold by Bellman & Radcliff

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Schools

Schools serving 518 W Tilghman St

School District:Allentown City School District

Name	Grades	Distance
Cleveland El School, Allentown, PA 424 North Ninth Street, Allentown, PA 18102	1-5	0.5 mi
Lincoln Early Chld Center 1402 Walnut Street, Allentown, PA 18102	PK-5	1.3 mi
Trexler Middle School 851 North 15th Street, Allentown, PA 18102	6-8	1.1 mi
William Allen High School 106 N 17th St, Allentown, PA 18104	9-12	1.5 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 518 W Tilghman St

Date

Details

Price

Change

Source

8/13/2025

Sold

$335,000

-2.9%

MLS

6/27/2025

Listed

$345,000

—

MLS

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

518 W Tilghman Street, Allentown City, PA 18102 (MLS# 759942) is a Apartment property that was sold at $320,000 on August 13, 2025. Want to learn more about 518 W Tilghman 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.

518 W Tilghman St Allentown City, PA 18102