222 S 15th Street Allentown, PA $ 2,595,000
222 S 15th Street
$ 2,595,000
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222 S 15th Street

Allentown, PA, 18102
$ 2,595,000
Bedrooms20 Baths15.0 Sq 10,878

Monthly Estimate*

$ 15,978

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Multi-Family Home for sale in Allentown, PA

for $2,595,000 with 20 bedrooms and 15 full baths. This 10,878 square foot home was built on a lot size of 0.11.

Exceptional opportunity to acquire a 15-unit apartment building in Allentown. This brick, 3-story apartment-style property features a strong unit mix of 1,2 bedroom and efficiency apartments, providing immediate cash flow. The property is serviced by public water and sewer, offers gas heat, and individual units include oven/range and refrigerator. Located near downtown Allentown, public transportation, entertainment, dining, and shopping, ensuring consistent rental demand. Well-maintained asset with long-term tenants and upside potential through rent optimization. Ideal for investors seeking a stable, income-producing multifamily property in a growing urban market. 48-hour notice required for showings. Landlord pays gas heat, hot water, water/sewer, trash. Tenant pays gas cooking and electric. Meters are in the basement and are separate.

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Multi-Family Active

Price

$ 2,595,000

Bedrooms

20

Full Bath

15

Property Type

Multi-Family

Taxes

$ 18,378

Style

Lot Size

0.11

Town/City

Allentown

County/Region

Lehigh

MLS | Web ID

770573

Features
General
Sewer Public Sewer
Heating Gas Radiator(s)
Cooling Wall/Window Unit(s)
Zoning RM
Construction Materials Brick
Stories Count 3
Property Subtype Apartment
Gross Income 231336
County Lehigh
Net Operating Income 189336
Operating Expense 42000
Insurance Expense 7700
Property Type Residential Income
MaintenanceExpense 0
Subdivision Name Not in Development
Full Baths 15
Status Active
Directions Hamilton Street to South on 15th Street units on the right.
City Allentown City
Senior Community Y/N false
High School District Allentown
Number Of Units Total 15
MLS Area Allentown-Central
Lot Size Units Square Feet
Lot Size Square Feet 4800
Year Built Details Unknown
Tax Annual Amount 18378.34
Electric Expense 1200
Fuel Expense 6200
Property Condition Unknown
Water Sewer Expense 5600
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Allentown
Elementary School District Allentown
Tax Assessed Value 539600
Property Sub Type Additional Apartment
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Interior
Total Stories 3
Heating Y/N true
Half Baths 0
Total Bedrooms 20
Total Baths 15
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Exterior
Parking Features On Street
Water Source Public
Total Parking 0
Lot Size Area 4800
Lot Dimensions 40 x 120
Lot Size Acres 0.11
Lot Size Source Public Records
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* Excluded Features
List By
Rudy Amelio Jr.

Listing Agent

Rudy Amelio Real Estate

Broker

Affordability Calculator

$17,509
Per Month
91%
9%
0%
Monthly Principal & Interest
$15,978
Monthly Property Taxes
$1,532
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
Pricing History
DatePricePrice ChangeDescription
1/19/2026$2,595,000 Listed Price

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222 S 15th Street, Allentown, PA, 18102 is a Multi-Family Home for sale at $2,595,000 with 10,878 sqft and a lot size of 0.11. 222 S 15th Street has 20 bedrooms and 15.0 baths. The property's zip code is 18102 which is in Allentown, PA