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USAPAAllentownNot in Development266 E Walnut St
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 1
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 2
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 3
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 4
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 5
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 6
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 7
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 8
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 9
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 10
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 11
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 12
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 13
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 14
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 15
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 16
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 17
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 18
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 19
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 20
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 21
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 22
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 23
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 24
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 25
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 26
266 E Walnut St, Condo with 13 bedrooms, 6 bathrooms and 8 parking in Allentown PA | Image 27
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$795,000

Added 25 days ago

266 E Walnut St, Allentown, PA

Condo

For Sale

Listed price in listed location currency (USD).
$795,000

Added 25 days ago

1365280 sqft8
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 5280 sqft
Garage No
HOA Fees $2,488
Taxes $8,681
Days Active 25
Approx. Age 1910
Avg. Price Per Sqft $150
MLS® Number 759320

Property Address: 266 E Walnut St, Allentown, Pennsylvania

Average square foot calculated using Size range provided by listing agent.

Description

6-Unit Investment Property | 13 Bedrooms | $85K+ Gross Annual Income Turnkey 6-unit multifamily asset in East Allentown offering over 5, 200 square feet of income-producing real estate. Built in 1910 and situated on a 0.138-acre lot, this fully leased brick property features 13 total bedrooms across six spacious units — a mix of 2- and 3-bedroom layouts — with leases in place and some units on month-to-month for added flexibility. Tenants cover gas heat via RUBS (Ratio Utility Billing System), and five of six units also pay water/sewer, keeping operating expenses lean. Property generates a gross annual income of $85, 448 with net income of $60, 552 and low owner-paid utilities (only one unit not on RUBS). Recent annual expenses total approx. $22, 372, including taxes, management, and maintenance. Investment Highlights: • Gross Scheduled Income: $85, 448 • Net Operating Income (NOI): $60, 552 • 6 Units / 13 Bedrooms • Off-Street Parking for 8+ Vehicles • Fully Occupied with Reliable Rental History • RUBS Utility Billing | Brick Construction | Stable Cash Flow Perfect for investors seeking immediate returns and long-term equity growth in the heart of Allentown. Showings by appointment only due to tenant occupancy. Current property management company is offering a discount if new buyer stays in management.
MLS® Number759320
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1910
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas, Hot Water
A/CCeiling Fans, Wall Window Units
Heating Fuel

Extras

266 E Walnut St, Allentown, PA

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