Allentown City, PA 18101,123 N Lumber ST
Allentown City, PA 18101,123 N Lumber ST
Allentown City, PA 18101,123 N Lumber ST
99
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$7,995,000
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49 Baths
70,732 SqFt
Active

123 N Lumber ST Allentown City, PA 18101

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Addison Wolfe Real Estate

Addison Wolfe Real Estate

+1(215) 862-5500

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 70,732 sqft

Price per Sqft $113

Subdivision Not In Development

MLS Listing ID 769967

Full Baths 37

Half Baths 12

Construction Status Unknown

HOA Y/N No

Year Built 1900

Annual Tax Amount $94,291

Lot Size 0.518 Acres

Acres 0.518

Property Sub-Type Apartment

Property Description

Offering a rare opportunity to acquire two apartment buildings consisting of 36 residential units and 1 commercial space, situated across 5 parcels of land and inclusive of on-site parking lots. Originally constructed in 1930 as an industrial building, the property was converted to apartments in 2013, blending historic character with modern functionality. The property is located within two blocks of Hamilton Street in the heart of downtown Allentown, providing residents with convenient access to restaurants, retail, and entertainment venues. The buildings are also situated within ten minutes of I-78 and I-476, offering efficient vehicular access throughout the Lehigh Valley. The 5 parcel configuration includes two primary buildings and associated parking areas, enhancing functionality and long-term flexibility for ownership and operations. The property is currently managed using the Innago property management platform, allowing for streamlined operations, rent collection, and reporting, contributing to ease of ownership and management efficiency. Assets of this scale, location, and configuration are increasingly difficult to find in the downtown Allentown market. This offering presents a compelling opportunity for investors seeking a stabilized urban asset with long-term upside. Schedule a showing to explore the potential and move this opportunity forward.

Location

State PA

County Lehigh

Area Allentown-Central

Direction From Hamilton Street, head north on North 8th Street for approximately two blocks. The property at 128 N 8th Street will be on your right.

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Garage, Parking Lot

Water Access Desc Public

Total Parking Spaces 30

Building

Story 5

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Allentown

Others

Senior Community No

Tax ID 640700093059 001

Special Listing Condition None

Listed by I-Do Real Estate

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Kratzer Elementary School

    Public | KG - 5

  • 7

    Zephyr Elementary School

    Public | 4 - 5

  • 5

    Muhlenberg Elementary School

    Public | KG - 5

  • 5

    Western Salisbury Elementary School

    Public | KG - 5

  • 5

    George D. Steckel Elementary School

    Public | 2 - 3

  • 5

    Hiram W. Dodd Elementary School

    Public | KG - 5

  • 4

    Lehigh Parkway Elementary School

    Public | KG - 5

  • 4

    Cleveland Elementary School

    Public | 1 - 5

  • 4

    Sheridan Elementary School

    Public | 1 - 5

  • 4

    Lincoln Leadership Academy Charter School

    Public | KG - 12

  • 4

    Ritter Elementary School

    Public | KG - 5

  • 3

    Ramos Elementary School

    Public | KG - 5

  • 3

    Central Elementary School

    Public | 1 - 5

  • 3

    Jefferson Elementary School

    Public | PK - 5

  • 3

    Roosevelt Elementary School

    Public | KG - 5

  • 2

    Union Terrace Elementary School

    Public | KG - 5

  • 2

    McKinley Elementary School

    Public | 1 - 5

  • 2

    Washington Elementary School

    Public | 1 - 5

  • 2

    Mosser Elementary School

    Public | PK - 5

  • 0

    Lehigh Valley Seventy-Day Adventist School

    Private | PK - 8

Middle Schools 7
  • 5

    Whitehall-Coplay Middle School

    Public | 6 - 8

  • 5

    Salisbury Middle School

    Public | 6 - 8

  • 5

    Roberto Clemente Charter School

    Public | 6 - 12

  • 3

    South Mountain Middle School

    Public | 6 - 8

  • 2

    Trexler Middle School

    Public | 6 - 8

  • 1

    Francis D. Raub Middle School

    Public | 6 - 8

  • 1

    Harrison-Morton Middle School

    Public | 6 - 8

High Schools 4
  • 7

    Salisbury Sr High School

    Public | 9 - 12

  • 2

    Louis E. Dieruff High School

    Public | 9 - 12

  • 1

    William Allen High School

    Public | 9 - 12

  • 0

    Allentow Central Catholic High School

    Private | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Addison Wolfe Real Estate

Addison Wolfe Real Estate

+1(215) 862-5500

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123 N Lumber ST

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