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123 N Lumber Street Allentown, PA $ 7,899,000
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123 N Lumber Street
$ 7,899,000
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123 N Lumber Street

Allentown, PA, 18101
$ 7,899,000
Baths37.12 Sq 70,732

Monthly Estimate*

$ 48,636

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Studio

Multi-Family Home for sale in Allentown, PA

for $7,899,000 with 37 full baths, 12 half baths. This 70,732 square foot home was built in 1900 on a lot size of 0.518.

Offering a rare opportunity to acquire two apartment buildings consisting of 36 residential units and 1 commercial space, situated across 5 parcels of land and inclusive of on-site parking lots. Originally constructed in 1930 as an industrial building, the property was converted to apartments in 2013, blending historic character with modern functionality. The property is located within two blocks of Hamilton Street in the heart of downtown Allentown, providing residents with convenient access to restaurants, retail, and entertainment venues. The buildings are also situated within ten minutes of I-78 and I-476, offering efficient vehicular access throughout the Lehigh Valley. The 5 parcel configuration includes two primary buildings and associated parking areas, enhancing functionality and long-term flexibility for ownership and operations. The property is currently managed using the Innago property management platform, allowing for streamlined operations, rent collection, and reporting, contributing to ease of ownership and management efficiency. Assets of this scale, location, and configuration are increasingly difficult to find in the downtown Allentown market. This offering presents a compelling opportunity for investors seeking a stabilized urban asset with long-term upside. Schedule a showing to explore the potential and move this opportunity forward.

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Multi-Family Active

Price

$ 7,899,000

Bedrooms

Studio

Full Bath

37

Half Bath

12

Property Type

Multi-Family

Taxes

$ 94,291

Style

Lot Size

0.518

Year Built

1900

Town/City

Allentown

County/Region

Lehigh

MLS | Web ID

769967
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Zoning B-2
Construction Materials Brick
Year Built 1900
Stories Count 5
Property Subtype Apartment
Gross Income 0
County Lehigh
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Residential Income
MaintenanceExpense 0
Subdivision Name Not in Development
Full Baths 37
Status Active
Directions From Hamilton Street head north on North 8th Street for approximately two blocks. The property at 128 N 8th Street will be on your right.
City Allentown City
Senior Community Y/N false
High School District Allentown
Number Of Units Total 37
MLS Area Allentown-Central
Lot Size Units Square Feet
Lot Size Square Feet 22553
Year Built Details Unknown
Tax Annual Amount 94291
Electric Expense 0
Fuel Expense 0
Property Condition Unknown
Water Sewer Expense 0
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Allentown
Elementary School District Allentown
Tax Assessed Value 2933400
Property Sub Type Additional Apartment
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Interior
Total Stories 5
Air Conditioning Y/N true
Heating Y/N true
Half Baths 12
Total Baths 49
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Exterior
Parking Features Parking Garage Parking Lot
Water Source Public
Total Parking 30
Lot Size Area 22553
Lot Size Acres 0.518
Lot Size Source Public Records
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* Excluded Features
List By
Jose Ortiz

Listing Agent

I-Do Real Estate

Broker

Affordability Calculator

$56,493
Per Month
86%
14%
0%
Monthly Principal & Interest
$48,636
Monthly Property Taxes
$7,858
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4196651 Elementary School
4073866 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/17/2026$7,899,000 Listed Price

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123 N Lumber Street, Allentown, PA, 18101 is a Multi-Family Home for sale at $7,899,000 with 70,732 sqft and a lot size of 0.518. 123 N Lumber Street is a studio with 37.12 baths and was built in 1900. The property's zip code is 18101 which is in Allentown, PA

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