1. Pennsylvania
2. Allentown City
3. 266 East Walnut Street

266 East Walnut Street, Allentown City, PA 18109

• 13 beds |
• 6 baths |
• 5,280 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

CENTURY 21 Pinnacle : (610) 691-0535

MLS ID:

759320

Interior

• A/C: Ceiling Fan(s)Wall/Window Unit(s)
• Heating: GasHot Water

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of CENTURY 21 Pinnacle