Property Details
Property Type
Multifamily
Location
Deal type
Allentown
Exclusive off-market opportunity before it hits the MLS! Located in the Fairview section of Allentown, this 2-unit property offers strong investment potential with below-market rents, separate utilities, and house hacking potential.
Property Highlights:
Price: $259,900
Unit 1: 1 Bed / 1 Bath w/ basement, washer/dryer, & off-street parking
Unit 2: 2 Bed / 1 Bath w/ extra office/den space
Tenants on MTM leases – potential for rent increases
Major mechanicals in good condition – Gas boilers (8 years old, recently serviced)
Owner ordering City CO, but repairs are buyer’s responsibility
📷 View Photos & Property Documents Here
Financial Overview
Current Income:
Monthly Net Operating Income: $1,466.83
Annual NOI: $17,601.96
Projected Future Income (Market Rents):
Monthly NOI: $2,146.83
Annual NOI: $25,761.96
📊 This property offers immediate cash flow with strong upside potential once rents are adjusted to market rates.
Market Overview – Allentown, PA
Allentown is part of the rapidly growing Lehigh Valley, benefiting from a diverse economy, strong rental demand, and major employers like Air Products and Lehigh Valley Health Network. The region provides easy access to Philadelphia & NYC and offers a vibrant community with parks, cultural events, and universities.
Next Steps
📅 Schedule a Walkthrough (Pre-qualified buyers only)
📩 Contact Us: admin@morrowwargo.com
📞 Call/Text: 484-791-6200