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624 N Maxwell Street, 
Allentown City, PA 18109

$1,695,000


12

Beds


9

Baths


5,985

Sq Ft


Multi-Family

Active

Last updated:

June 22, 2025, 02:46 PM

MLS#

759332

Source:

PA LVAR

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About This Home

624 N Maxwell Street

The residential component of this offering includes eight apartments: four 1-bedroom units and four 2-bedroom units. Tenants are responsible for their own electricity, which covers both cooking and hot water. Additionally, the two lower-level units also pay for their own heat, while the owner provides heat for the remaining six apartments, as well as water, sewer, and trash service for all eight units. Recent upgrades include the installation of a high-efficiency, gas-fired, direct-vent condensing boiler (Evergreen Series EVG-299, 95.5% AFUE) with outdoor reset control, along with baseboard electric heaters in the two lower-level units. Five of the eight apartments have been renovated, offering a value-add opportunity for a new owner to renovate the remaining three and increase rental income. The commercial portion of the property is currently leased to La Esquina de Jorge Restaurant. The lease includes 3% annual rent increases (the next scheduled increase begins August 1, 2025) and requires the tenant to cover all maintenance and utility expenses, except for water/sewer, which is billed back at $75 per month.

Home Facts

Multi-Family

9 Baths

12 Bedrooms

Built in 1914

Price Summary

1,695,000

$283 per Sq. Ft.

MLS #:

759332

Last Updated:

June 22, 2025, 02:46 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

9

Full Bathrooms:

8

Interior

Living Area:

5,985 Sq. Ft.


Structure

Structure

Building Area:

5,985 Sq. Ft.

Year Built:

1914


Lot

Lot Size (Sq. Ft):

9,017


Finances & Disclosures

Finances

Price:

$1,695,000

Price per Sq. Ft:

$283 per Sq. Ft.

624 N Maxwell Street
Source:PA LVAR
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.