Don’t judge a book by its cover—this 5-unit investment in Allentown delivers serious numbers. Now offered at an improved price with a 9.36% cap rate, gross annual income over $84,000, and a clear CO. Two buildings on one deed with separated utilities, new roofs (2021 & 2023), and 4 of 5 units renovated within the last 3 years. Strong cash flow in a desirable, walkable Walnut Street location—an opportunity that’s hard to overlook.
For sale
Price cut: $49.9K (11/7)
$750,000
932 W Walnut St, Allentown, PA 18102
10beds
5,220sqft
Est.:
Multi Family, Apartment
Built in 1885
-- sqft lot
$724,600 Zestimate®
$144/sqft
$-- HOA
What's special
New roofs
- 76 days |
- 580 |
- 32 |
Zillow last checked: 8 hours ago
Listing updated: November 07, 2025 at 06:39am
Listed by:
Nick Smith 610-751-8280,
Coldwell Banker Hearthside 610-465-5600,
Asia Smith 610-714-2118,
Coldwell Banker Hearthside
Source: GLVR,MLS#: 765233
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Electric, Gas, Radiator(s)
Cooling
- None
Interior area
- Total interior livable area: 5,220 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 3,005.64 Square Feet
Details
- Parcel number: 549699924715 1
- Zoning: B-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Stucco, Vinyl Siding
Condition
- Unknown
- Year built: 1885
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not in Development
Location
- Region: Allentown
Financial & listing details
- Price per square foot: $144/sqft
- Tax assessed value: $164,700
- Annual tax amount: $5,276
- Date on market: 9/29/2025
- Cumulative days on market: 77 days
Estimated market value
$724,600
$688,000 - $761,000
$1,983/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Price change | $750,000-6.2%$144/sqft |
Source:  GLVR #765233 Report a problem | ||
| 9/29/2025 | Listed for sale | $799,900+156.4%$153/sqft |
Source: GLVR #765233 Report a problem | ||
| 11/17/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/11/2022 | Price change | $1,400-3.4% |
Source: Zillow Rental Manager Report a problem | ||
| 10/28/2022 | Listed for rent | $1,450+3.6% |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,962 | $164,700 |
| 2024 | $8,962 | $164,700 |
| 2023 | $8,962 | $164,700 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,807/mo
Principal & interest
$3669
Property taxes
$875
Home insurance
$263
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Jefferson El SchoolGrades: K-5Distance: 0.7 mi
- 3/10South Mountain Middle SchoolGrades: 6-8Distance: 1.8 mi
- 2/10William Allen High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: Allentown
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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