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Property view

702 S 8th Street, 
Allentown City, PA 18103

$499,900


Bed


Bath


3,113

Sq Ft


Multi-Family

Sold

Listed by

Yadira E. Bove

Bought with BetterHomes&GardensRE/Cassidon

Home Team Real Estate

MLS#

767660

Source:

PA LVAR

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About This Home

702 S 8th Street

Turn-key Investment Opportunity in South Allentown! This 4-unit property features THREE 2-bedroom apartments: Units 1 has been renovated with New Kitchen, Bath, and Brand new HVAC system. Unit 3, BRAND NEW approx 1300+/- sq ft, making it an ideal addition to any portfolio. PLUS approx 1800+ sq ft lower level with 2 outside entrances for owner use/storage, or create additional cashflow. Current rents are $1,300/m (long term tenant), $1,500/m, & $1,700/m, totaling $54,000 / yr gross income with Net Income of over $49,000 , that is without including the entire lower level. Recent updates throughout the building include: New Vinyl Facade, New Vinyl Windows throughout, New Decks, New Kitchens w/ Luxury Granite / Quartz Countertops, New Cabinets, New HVAC units (all heat pumps w/ A/C), New Baths, New 4 Meter Gang Electric Service. With the units currently rented, and major improvements already completed, this property offers immediate cash flow without the stress of updates or tenant placement. A rare opportunity to acquire a stabilized, updated asset in a growing rental market — secure passive income from day one. Perfect for both seasoned investors and those looking for a turn-key entry into multi-family real estate!

Home Facts

Multi-Family

Built in 1930

Price Summary

499,900

$160 per Sq. Ft.

MLS #:

767660

Sold:

January 5, 2026


Rooms & Interior

Interior

Living Area:

3,113 Sq. Ft.


Structure

Structure

Building Area:

3,113 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

3,441


Finances & Disclosures

Finances

Price:

$499,900

Price per Sq. Ft:

$160 per Sq. Ft.

Source:PA LVAR
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