

521 N 6th StreetAllentown City, PA 18102
Multi-Family · 5 Beds · 3 Full Baths · 2,208 Sq. ft. | 0.04 Acres521 N 6th Street Overview
- Time on Site:
- 7 days
- Visits:
- 1
521 N 6th St | Allentown, PA – Income-Producing Rooming House Investment Opportunity Discover a compelling investment opportunity in the heart of Allentown with this cash-flowing rooming house offering stable income and attractive returns. Generating approximately $37,656 in annual gross income and delivering a Net Operating Income of $31,490, this property offers an impressive 8.23% cap rate at the current list price of $382,500. Based on a self-managed ownership model and conservative operating expenses, investors can benefit from strong cash flow and long-term appreciation potential. Positioned to meet the continued demand for affordable housing options, this income-producing asset presents an excellent opportunity for investors seeking immediate returns with additional upside through principal paydown, tax advantages, and future appreciation. Conveniently situated near Downtown Allentown, the property offers easy access to public transportation, major employment centers, shopping, dining, and everyday conveniences. The area’s ongoing revitalization and continued demand for workforce housing support long-term occupancy and future growth potential. Whether you’re expanding an existing portfolio or acquiring your first income-producing asset, 521 N 6th St presents an opportunity to secure a cash-flowing property in one of the Lehigh Valley’s most active rental markets.
521 N 6th Street Facts & Features
- Type Multi-Family
- Sq. ft. 2,208
- Price/Sq.ft. $173
- Lot 0.04 Acres
Details
General
School Information
- School District: Allentown
Income/Expenses
- Insurance Expense: 2500.0
- Maintenance Expense: 1130.0
- Net Operating Income: 31140.0
- Operating Expense: 6516.0
Building Information
- Year Built: 1890
Location/Region
- County Or Parish: Lehigh
- MLS Area Major: Allentown-Central
- Postal City: Allentown City
- Subdivision Name: Old Frgrnds Historic
Tax Information
- Tax Annual Amount: 2537.0
- Tax Assessed Value: 78700
General Information
- Parcel Number: 640703539721 1
- Property Sub Type: Apartment
- Property Type: Residential Income
- Senior Community: false
- Special Listing Conditions: None
- Zoning: R-MH
Interior
Parking Information
- Garage: true
Beds/Baths
- Bathrooms Full: 3
- Bathrooms Total: 3
- Bedrooms Total: 5
General Information
- Living Area: 2208.0
- Living Area Source: Assessor
- Stories: 3
- Stories Total: 3
Exterior
Parking Information
- Parking Features: Detached,Garage,On Street
Lot Information
- Lot Size Area: 1921.0
- Lot Size Source: Public Records
- Lot Size Square Feet: 1921.0
- Lot Size Units: Square Feet
- Water Source: Public
Building Exterior/Construction
- Attached Garage: false
- Construction Materials: Brick
General Information
- Number Of Units Total: 5
- Sewer: Public Sewer
521 N 6th Street Neighborhood
Community
18102 (ALLENTOWN) Demographics
521 N 6th Street Monthly Cost
521 N 6th Street Market Data
Based on the last 30 days in this zip code
521 N 6th Street History
| Date | Value | Agent |
|---|---|---|
| 6/22/2026Source: Greater Lehigh Valley MLS | June 22, 2026 |
|
| 7/28/2025Source: Greater Lehigh Valley MLS | June 05, 2025 |