406 Ridge Avenue
Allentown City, PA 18102
- 6 beds
- 4 baths
- 5,148 sqft
- 5,619 sqft lot
- $77 per sqft
- 1865 build
*PUBLIC OPEN HOUSE WEDNESDAY, 03/19 FROM 4PM-6PM!* Discover this exceptional 3-unit mixed-use investment property, and offering immediate rental income of $3,500 PER MONTH, with a projected income of $5,500 per month with the offices! Each unit is thoughtfully designed with modern stainless steel appliances, elegant hardwood floors, and spacious layouts that attract quality tenants. Large vacant office on the 1st floor can be converted into two and is currently on the market for rent! The building features a freshly painted exterior, adding curb appeal and ensuring a low-maintenance investment. Conveniently located close to major highways US-22 and I-78 for easy commute, Bucky Boyle Park, Coca Cola Park, Lehigh Valley Mall, Allentown Airport, shops, restaurants, and so much more! Whether you’re a seasoned investor or just starting, this turnkey opportunity is perfect for long-term growth. Don’t miss your chance to own this income-producing mixed-use property! *COMMERCIAL & RESIDENTIAL CLEAR CO WILL BE PROVIDED* *CAP RATE W/APTS ONLY: 9. CAP RATE W/APTS & COMM SPACE: 15*
Last checked:
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Last updated Mar 14, 2025
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MLS# 753508 —
The Building
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Year Built:1865
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Year Built Exception:Unknown
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Construction:Brick
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Stories:3.0
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SqFt:5,148 Sqft
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SqFt Source:Tax Records
Location
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Area:Allentown-Central
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Cross Street Address:W Gordon St
The Property
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Property Type:Investment Property
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Property Subtype:Investment Property
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Property Subtype Category:Apartment Style
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Zoning Code:B1/R
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Lot Size Source:Tax Records
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Lot SqFt:5619
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Acres:0.129
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Total Taxes:$4,441.38
Beds
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Bedrooms:6
Baths
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Baths:4
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Full Baths:4
Heating & Cooling
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Heat:No
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Cooling:No Air
Utilities
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Water:Public
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Water/Sewer:No
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Sewer:Public
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Gas:No
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Electric:No
Schools
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School District:Allentown
The Community
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Subdivision:Not in Development
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Association:Lehigh Valley MLS
Parking
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Garage:On Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/8/25
Mar 8, 2025
|
Listed / Active | GLVR | $399,900 |
