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638 N 16th Street, 
Allentown City, PA 18102

$340,000


2

Beds


3

Baths


1,972

Sq Ft


Multi-Family

Active

Listed by

Kristina Fattorusso

Vinny Fattorusso

RE/MAX Real Estate

Last updated:

July 16, 2025, 02:50 PM

MLS#

759873

Source:

PA LVAR

About This Home

638 N 16th Street

Investor Alert! Turnkey duplex just 2 minutes from the Allentown Fairgrounds—perfect for building or expanding your portfolio. Long-term ownership since the 1970s shows pride of care. Each unit has separate utilities, economical gas heat, and month-to-month tenants who want to stay. Current rents are well below market, with a CAP rate of 5.8%—and potential to reach 8–9% with market-level rents. The first-floor unit includes 1 bed, 1 bath, kitchen, living room, and basement access with laundry. The spacious second-floor unit features a private entrance, covered porch, brand-new central air/heating rooftop unit (June 2025), eat-in kitchen, living room, dining area, half bath with washer/dryer, and an upper-level bedroom with full bath and Jacuzzi tub. Both apartments offer two points of entry for added convenience and flexibility. A rare 2-car garage allows for off-street parking, a huge bonus in this area. Includes basement storage and low taxes. Solid structure, prime location, and strong upside—ideal for seasoned or first-time investors.

Home Facts

Multi-Family

3 Baths

2 Bedrooms

Built in 1910

Price Summary

340,000

$172 per Sq. Ft.

MLS #:

759873

Last Updated:

July 16, 2025, 02:50 PM

Added:

15 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2

Interior

Living Area:

1,972 Sq. Ft.


Structure

Structure

Building Area:

1,972 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

1,799


Finances & Disclosures

Finances

Price:

$340,000

Price per Sq. Ft:

$172 per Sq. Ft.

Source:PA LVAR
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