732 W Tilghman St, Allentown, PA 18102

Description

732 Tilghman Street offers a rare turnkey 6-unit multifamily opportunity in Allentown, PA, with strong in-place rental income of $132,000 annually and drive-in off-street parking. Fully gut renovated down to the brick walls and rebuilt with brand-new construction interiors, this property is ideal for both seasoned multifamily investors and newer investors seeking a professionally renovated, low-maintenance asset.

Unlike many older multifamily buildings that require ongoing capital improvements, 732 Tilghman has already undergone the heavy lifting. The building features a new roof, new windows, new drywall, new trim and doors, recessed lighting, updated interiors, electric baseboard heat, electric hot water, separate electric utilities, in-unit washer/dryers, and security cameras. Each apartment has been finished with hardwood flooring, white shaker cabinetry, quartz countertops, and modern, durable finishes designed for tenant appeal and long-term ownership. This property is positioned to provide stable income, easier management, and reduced maintenance demands compared to a typical older apartment building.

The location is also a major advantage as this property sits minutes from Route 222 in one direction and just minutes from Downtown Allentown in the other. Downtown Allentown has recieved a billion dollars of redevelopment and has reshaped the urban core, including the PPL Center arena, the Da Vinci Science Center, the Moxy Hotel, Archer Music Hall, restaurants, entertainment venues, offices, and new residential development. This proximity helps support long-term tenant demand and positions the property within one of the Lehigh Valley’s most active growth corridors.

732 Tilghman Street is a true turnkey multifamily asset offering income, quality improvements, reduced maintenance exposure, and long-term ownership appeal in the Lehigh Valley market.