#748785, Listing Office: Reinvest Real Estate LLC
22 S 13th St Allentown City, PA 18102
Property details
About 22 S 13th St
Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential! Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces. Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy. High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline. Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels. Value-Add Potential: Minor upgrades could boost rents and enhance property value. Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base. This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.
Highlights
Summary
- MLS Number: 748083
- MLS Name: HIGH
- Office Name: Steel City Realty
- Office Phone: (484) 895-9005
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Last updated on: 3/14/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$395,000
22 S 13th St
$4,691
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Brigadier General Anna Mae Hays Elementary School
Public District KG-5
0.5 mi
•1227 W Gordon St
5
Central Elementary School
Public District 1-5
0.6 mi
•829 W Turner St
4
Ramos Elementary School
Public District KG-5
0.7 mi
•1430 W Allen St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,962. The majority of Allentown City, PA residents have income less than $<35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 22 S 13th St
This home is located at 22 S 13th St in Allentown City, PA and zip code 18102 in the Center City neighborhood. This 2,404 square foot home was built in 1905. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 6, 2024 and is currently priced at $395,000.
Allentown City, PA housing market in February 2025 saw over 31 listings sold above listed price, more than 20 sold at listed price and over 41 sold below. The number of homes for sale in Allentown City, PA decreased by 16.3% between January and February 2025. In February 2025 median list price was $297,201 and the average listing age was 71 days.