500 W Gordon Street Allentown, PA $ 575,000
500 W Gordon Street
$ 575,000
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500 W Gordon Street

Allentown, PA, 18102
$ 575,000
Baths0.0 Sq 4,220

Monthly Estimate*

$ 3,540

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Studio

Multi-Family Home for sale in Allentown, PA

for $575,000. This 4,220 square foot home was built in 1900 on a lot size of 0.063.

Excellent investment opportunity! Mixed-use corner property featuring a well-established, operating pizzeria/restaurant on the first floor with excellent visibility and exposure. The residential portion includes two apartments. The first unit is a 1-bedroom apartment with two levels. The second unit is a well-maintained 3-bedroom apartment featuring hardwood floors, an updated tile bathroom, and ample living space. The property offers separate utilities for the commercial space and each residential unit, making management efficient and expenses easy to track. A large basement provides abundant storage space for both the business and tenants. Prime corner location with strong street presence, convenient access to major routes ,walking distance to the hospital, and local amenities. An ideal opportunity for investors seeking multiple income streams from both commercial and residential tenants.

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Multi-Family Active

Price

$ 575,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,886

Style

Lot Size

0.063

Year Built

1900

Town/City

Allentown

County/Region

Lehigh

MLS | Web ID

778174

Features
General
Sewer Public Sewer
Heating Gas
Cooling Wall/Window Unit(s)
Zoning R-MH
Construction Materials Other
Year Built 1900
Property Subtype Commercial
Gross Income 39600
County Lehigh
Net Operating Income 34250
Operating Expense 5350
Insurance Expense 1850
Property Type Residential Income
MaintenanceExpense 2800
Subdivision Name Not in Development
Status Active
Directions 4th St to West on Gordon St.
City Allentown City
Senior Community Y/N false
High School District Allentown
Number Of Units Total 3
MLS Area Allentown-Central
Lot Size Units Square Feet
Lot Size Square Feet 2744
Year Built Details Unknown
Tax Annual Amount 5886.46
Electric Expense 0
Fuel Expense 0
Property Condition Unknown
Water Sewer Expense 1128
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Allentown
Elementary School District Allentown
Tax Assessed Value 182600
Property Sub Type Additional Commercial
Unit 504
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Interior
Heating Y/N true
Total Baths 0
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Exterior
Parking Features On Street
Water Source Public
Total Parking 1
Lot Size Area 2744
Lot Size Acres 0.063
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* Excluded Features
List By
Anthony Ramos

Listing Agent

Century 21 Ramos Realty

Broker

Affordability Calculator

$4,031
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$491
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
6/2/2026$575,000 Listed Price

Map


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500 W Gordon Street, Allentown, PA, 18102 is a Multi-Family Home for sale at $575,000 with 4,220 sqft and a lot size of 0.063. 500 W Gordon Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 18102 which is in Allentown, PA