Rebecca Burd
REALTOR®
Cell: (443) 876-3515
Office: (410) 697-8100
Email: rebeccaburdrealtor@gmail.com
BEDS0
BATHS
MLS#PALH2015148
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLALLENTOWN
Property Description
$82,800 gross income! Net income $70,500 giving investors a great return on investment. This prime 5-unit investment property is ideally located at 206 N 8th St, right in the heart of the Old Allentown Historic District. Situated just one minute from the vibrant center of Allentown, this property offers a rare combination of historical charm and steady cash flow in one of the city's most sought-after rental corridors.Property OverviewThis fully occupied multi-family building is a turnkey opportunity for seasoned investors or those looking to expand their portfolio in a high-demand area.Unit Mix: * 2 Spacious two-bedroom apartments 3 one-bedroom apartments Occupancy: 100% occupied, providing immediate rental income from day one. Historical Character: Built circa 1880, the building retains its classic appeal with brick exterior and high ceilings, while being updated for modern tenancy.Location Unbeatable Proximity: Located just steps (approx. 2 blocks) from the PPL Center and the core downtown business district. Walker’s Paradise: Tenants enjoy easy access to local dining, entertainment, and the new developments reshaping the Allentown skyline.Growth Area: The neighborhood is benefiting from significant local investment, including nearby affordable housing projects and commercial revitalization at 8th and Walnut Streets.Market PotentialAllentown continues to show a strong rental market as of April 2026:Demand: Roughly 58% of households in Allentown are renter-occupied.Rent Trends: Average rents for 1-bedroom units in the area are approximately $1,462, with 2-bedroom units averaging $1,814, showing steady year-over-year growth.Investment Stability: With the property fully occupied and located in a high-traffic "Seller's Market," it represents a stable asset with significant long-term appreciation potential.Investor Note: Properties in this historic corridor, such as the neighboring units at 204 N 8th St, have recently demonstrated strong returns, often exceeding a 13% ROI due to the proximity to downtown amenities. Seller has a lot more properties to sell. 135 N 8th is also listed-1 block away.Looking to expand your portfolio? Like this property all of his properties are fully occupied and all are renovated--not a rug in any of them! Showings will be limited to accomadate tenants. Property will be sold with a cleared CO form the city of Allentown!
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.06 Acres
Taxes: $5,181
Year Built: 1900
Feature Descriptions
Accessibility: 2+ Access Exits
Exterior: Brick
Lot Dimensions: 0.06 Acre(S)
Municipality: ALLENTOWN CITY
Sewer: Public Sewer
Special View Info: City
Total Garage/Parking Spaces: 8
Units: 5
Water: Public
Local Schools
School District: ALLENTOWN
Listed By / Shown By
Listed By
Agency Name: eXp Commercial
Agency Phone: 8883977352
Shown By
Agent Name: Rebecca Burd
Agent Phone: Cell: (443) 876-3515
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
106 N 8th Street | MLS# PALH2015148
This commercial property located at 106 N 8th Street , Allentown, PA 18102 is currently listed for sale with an asking price of $775,000. N 8th Street is located within the ALLENTOWN school district. Search Allentown real estate on rebeccaburd.homesale.com today.