1. Pennsylvania
2. Allentown City
3. 638 North 16th Street

638 North 16th Street, Allentown City, PA 18102

• 2 beds |
• 3 baths |
• 1,972 sqft

Property Description

Investor Alert! Turnkey duplex just 2 minutes from the Allentown Fairgrounds—perfect for building or expanding your portfolio. Long-term ownership since the 1970s shows pride of care. Each unit has separate utilities, economical gas heat, and month-to-month tenants who want to stay. Current rents are well below market, with a CAP rate of 5.8%—and potential to reach 8–9% with market-level rents. The first-floor unit includes 1 bed, 1 bath, kitchen, living room, and basement access with laundry. The spacious second-floor unit features a private entrance, covered porch, brand-new central air/heating rooftop unit (June 2025), eat-in kitchen, living room, dining area, half bath with washer/dryer, and an upper-level bedroom with full bath and Jacuzzi tub. Both apartments offer two points of entry for added convenience and flexibility. A rare 2-car garage allows for off-street parking, a huge bonus in this area. Includes basement storage and low taxes. Solid structure, prime location, and strong upside—ideal for seasoned or first-time investors.

Listing Status:

Active

Listing Office:

RE/MAX Real Estate : (610) 691-6100

MLS ID:

759873

Interior

• A/C: Central AirWall/Window Unit(s)
• Heating: Gas

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of RE/MAX Real Estate