628 S Fawn ST Allentown City, PA 18103
12 Beds
12 Baths
8,004 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,004 sqft
Price per Sqft $255
Subdivision Not In Development
MLS Listing ID 786693
Bedrooms 12
Full Baths 12
HOA Y/N No
Year Built 1985
Annual Tax Amount $19,603
Lot Size 0.416 Acres
Acres 0.416
Property Sub-Type Apartment
Property Description
The seller has invested nearly $100,000 in improvements recently. All three floors of interior hallways have been updated with new carpeting, fresh paint, and lighting. Most apartments have received new appliances, while many units have undergone significant renovations, including updated kitchens, new countertops, cabinets, vinyl plank flooring, and fresh paint.
Tenants pay their own electric and heat, with separate electric baseboard heating in each apartment. This eliminates the need for the owner to maintain or replace a central heating system, helping keep operating expenses low. The property also offers coin-operated laundry on-site, with two recently replaced machines, providing additional income beyond apartment rents.
Located in South Allentown, a core Lehigh Valley location, the property offers convenient access to Route 309, I-78, Lehigh Valley Hospital–Cedar Crest, St. Luke's, and major employment centers throughout the region. The surrounding area benefits from strong rental demand driven by healthcare, logistics, retail, and other major employers.
With full occupancy, nearly $100,000 in recent improvements, tenant-paid heating, additional laundry income, and room for rent growth, this property is an excellent opportunity for investors looking to acquire a larger, well-maintained multifamily asset with strong cash flow and long-term potential in the Lehigh Valley.
Location
State PA
County Lehigh
Area Allentown-South
Direction From Route 22, take the 7th Street exit toward Allentown and continue south on N 7th Street. Turn left onto W Union Street, then right onto S Fawn Street. Continue to 628–636 S Fawn Street.
Interior
Heating Baseboard, Electric
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street, On Street
Water Access Desc Public
Total Parking Spaces 18
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Senior Community No
Tax ID 640658455190-1
Special Listing Condition None
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