521 West Walnut Street Allentown, PA 18101
Multi-Family (2-4 Units)
MLS #: 750467
Courtesy Of Keller Williams Real Estate
Property InformationDescription
3-unit recently renovated apartment building for rent in desirable downtown Allentown. This building sits in a prime location that is currently being under-utilized. The front building has two units - unit one is a studio/one bedroom apartment that is currently leased, ending mid-April 2025. Unit two is currently month to month. The rear two-story building holds a large garage with separate entrances that is not currently leased. The upstairs unit is set up as an apartment and currently zoned as a commercial unit by the City. It has a tenant and a back-up tenant for the space. This property has great potential to substantially increase its value due to its location, current rents, utility charges and the explosive growth in downtown Allentown. There are a total of four income streams for this property. This is CURRENTLY a 9.5 CAP RATE with garage rented and room to grow!
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Other
- Exterior Type: Brick
- Lot Size: 0.05 Acres
MAP & DIRECTIONS
School Information
521 West Walnut Street, Allentown, PA 18101
Elementary School
Grades KG-5 |
Public School
ROOSEVELT ELEMENTARY SCHOOL
Allentown, PA 18103
210 W Susquehanna St
484.765.4461
Distance: 1.0 mi
School Rating
C+
Student:Teacher Ratio
14:1
Total Students
635
Middle School
Grades 6-8 |
Public School
SOUTH MOUNTAIN MIDDLE SCHOOL
Allentown, PA 18103
709 W Emaus Ave
484.765.4301
Distance: 1.8 mi
School Rating
D+
Student:Teacher Ratio
16:1
Total Students
1214
High School
Grades 9-12 |
Public School
WILLIAM ALLEN HIGH SCHOOL
Allentown, PA 18104
106 N 17th St
484.765.5001
Distance: 1.4 mi
School Rating
D-
Student:Teacher Ratio
18:1
Total Students
2650
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Arts Academy Elementary Charter School | 0.1 mi | Public | KG-5 | D+ |
| Roberto Clemente Charter School | 0.2 mi | Public | KG-12 | C |
| Building 21 Allentown | 0.2 mi | Public | 9-12 | D- |
| Grace Montessori School | 0.4 mi | Private | PK-6 | |
| Lincoln Early Childhood Center | 0.4 mi | Public | PK-5 | |
| Central Elementary School | 0.5 mi | Public | 1-5 | C+ |
| Harrison-morton Middle School | 0.6 mi | Public | 6-8 | D+ |
| Cleveland Elementary School | 0.7 mi | Public | 1-5 | |
| Mckinley Elementary School | 0.7 mi | Public | 1-5 | |
| Jefferson Elementary School | 0.7 mi | Public | PK-5 | C- |
| Sheridan Elementary School | 0.8 mi | Public | 1-5 | C |
| Mercy Special Learning Center | 0.9 mi | Private | PK | |
| Brigadier General Anna Mae Hays Elementary School | 0.9 mi | Public | KG-5 | |
| Washington Elementary School | 1.1 mi | Public | 1-5 | C |
| Cai Learning Academy | 1.1 mi | Private | KG-5 | |
| Ramos Elementary School | 1.2 mi | Public | KG-5 | C- |
| Jackson Early Childhood Center | 1.2 mi | Public | KG | |
| Mosser Elementary School | 1.3 mi | Public | PK-5 | B- |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Allentown, PA 18101
| Median Age: | 31.1 |
|---|---|
| Married: | 22% |
| Number of Households: | 2,195 |
| Households with Children: | 28% |
Allentown, PA 18101
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2025 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
