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521 N 6th Street, 
Allentown, PA 18102

$415,000


5

Beds


3

Baths


2,208

Sq Ft


Multi-Family

Active

Listed by

Frank J. Renaldi, Jr.

The Real Estate Firm&Propmngmt

Last updated:

March 1, 2026, 03:54 PM

MLS#

771377

Source:

PA LVAR

About This Home

521 N 6th Street

Excellent opportunity to acquire a performing SRO house in the heart of Allentown’s rental corridor. This income-producing property offers strong in-place cash flow and solid long-term upside for investors seeking reliable returns. The property generates approximately $37,656 in annual gross income, producing a Net Operating Income of $31,490 and an attractive 7.59% cap rate at the current asking price. ? With very little monthly expenses and minimal vacancy, this asset delivers positive annual cash flow of approximately $7,035, equating to roughly $586 per month in net income. ? Based on current projections, buyers can expect a first-year return on equity of approximately 22.5%, supported by stable cash flow, principal reduction, and appreciation. The first and second floors have a total of 4 units, two on each level, and each has their own kitchen and living space. The tenants maintain the common bathrooms, one on each floor. The 3rd floor unit has its own private bathroom.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1890

Price Summary

415,000

$187 per Sq. Ft.

MLS #:

771377

Last Updated:

March 1, 2026, 03:54 PM

Added:

12 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,208 Sq. Ft.


Structure

Structure

Building Area:

2,208 Sq. Ft.

Year Built:

1890


Lot

Lot Size (Sq. Ft):

1,921


Finances & Disclosures

Finances

Price:

$415,000

Price per Sq. Ft:

$187 per Sq. Ft.

Source:PA LVAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.