875 Jerome Street
Allentown City, PA, 18109 $ 429,000
Bedrooms6 Baths3.0 Sq 1,600 Monthly Estimate*
$ 2,963
Multi-Family Home for sale in Allentown City, PA
for $429,000 with 6 bedrooms and 3 full baths. This 1,600 square foot home was built in 1940 on a lot size of 0.105.
Excellent opportunity to add a THREE-UNIT detached investment property to your real estate portfolio! Conveniently situated in East Allentown, offers three separate residential units with a desirable 2-bedroom, 1-full-bath configuration in each unit, providing a total of 6 bedrooms and 3 full bathrooms. Whether you are an experienced investor looking to expand your rental portfolio or an owner-occupant interested in living in one unit while generating rental income from the others, this property offers tremendous flexibility and income-producing potential. The MAIN-LEVEL UNIT features 2 bedrooms, 1 full bathroom and an eat-in kitchen, providing a practical and comfortable floor plan. The SECOND-FLOOR UNIT welcomes you into a bright and spacious living room and features a separate eat-in kitchen equipped with a gas stove, refrigerator and double sink. Two generously sized bedrooms and a full bathroom complete this level. The THIRD-FLOOR UNIT provides another 2-bedroom, 1-full-bath configuration, giving the property three individual residential units and a total of six bedrooms throughout the building. Outside, the property offers a large backyard with plenty of room for tenants to enjoy outdoor space—an excellent feature for a multi-unit property in the city. A balcony provides additional outdoor living space. Even better, the property includes off-street parking/parking-pad spaces, providing valuable parking convenience for occupants. The detached three-story building features brick and vinyl exterior construction and is situated on an approximately 32.5' x 120' lot. Public water and public sewer service the property. The property has historically been recognized as a converted three-apartment residential property. LOCATION is another major advantage. Situated just off Union Boulevard in East Allentown, the property offers convenient access to Airport Road, Route 22 and other major Lehigh Valley transportation routes, making travel throughout Allentown, Bethlehem and the surrounding area convenient. Coca-Cola Park, shopping centers, restaurants, parks, schools and numerous everyday conveniences are all located nearby.
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FeaturesGeneralSewer Public Sewer
Heating Baseboard Electric
Cooling None
Zoning R-M-Medium Density Reside
Construction Materials Vinyl Siding
Year Built 1940
Stories Count 3
Property Subtype Apartment
Gross Income 50400
County Lehigh
Net Operating Income 43900
Operating Expense 6500
Insurance Expense 1670
Property Type Residential Income
MaintenanceExpense 500
Subdivision Name Not in Development
Full Baths 3
Status Active
Directions From US-22 Take the Airport Road S exit L onto Union Blvd R onto N Jerome St L onto E Clay St R onto N Jay St.
City Allentown City
Senior Community Y/N false
High School District Allentown
Number Of Units Total 3
MLS Area Allentown-South
Lot Size Units Square Feet
Lot Size Square Feet 4570
Property Attached Y/N false
Tax Annual Amount 2564
Electric Expense 0
Fuel Expense 0
Water Sewer Expense 1200
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Allentown
Elementary School District Allentown
Tax Assessed Value 73000
Property Sub Type Additional Apartment Detached
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InteriorInterior Amenities Balcony
Total Stories 3
Air Conditioning Y/N false
Heating Y/N true
Half Baths 0
Total Bedrooms 6
Total Baths 3
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ExteriorParking Features Off Street Parking Pad
Water Source Public
Total Parking 3
Lot Size Area 4570
Lot Dimensions 32.5 X 120
Lot Size Acres 0.105
Lot Size Source Public Records
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* Excluded FeaturesList ByShabana PathanListing Agent
Keller Williams NorthamptonBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,963
- Monthly Property Taxes
- $214
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Allentown, PA
Average List Price $475,650
Percent of Sale Price 11%
About Allentown, PA 121,040 Population
13% Since 2002
$ 37,889 Median Income
35.22 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4196651 Elementary School
4073866 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/6/2026 | $429,000 | | Listed Price |