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.
Sold for $730,000
$730,000
932 W Walnut St, Allentown, PA 18102
10beds
5,220sqft
Multi Family, Apartment
Built in 1885
-- sqft lot
$712,100 Zestimate®
$140/sqft
$1,390 Estimated rent
Home value
$712,100
$648,000 - $769,000
$1,390/mo
Zestimate® history
Owner options
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$1,390/mo
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$4,734/mo
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New roofs
Zillow last checked:
Listing updated:
Listed by:
Nick Smith 610-751-8280,
Coldwell Banker Hearthside,
Asia Smith 610-714-2118,
Coldwell Banker Hearthside
Bought with:
Matthew J. Hartman, RS331127
Advanced Realty Services
Source: GLVR,MLS#: 765233
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSFacts & 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 sqft
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 & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Sold | $730,000-2.7%$140/sqft |
Source:  GLVR #765233 Report a problem | ||
| 1/7/2026 | Pending sale | $750,000$144/sqft |
Source: GLVR #765233 Report a problem | ||
| 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 | ||
| 3/10/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/3/2022 | Listed for rent | $1,400 |
Source: Zillow Rental Manager Report a problem | ||
| 12/30/2020 | Sold | $312,000-10.8%$60/sqft |
Source: GLVR #644693 Report a problem | ||
| 9/2/2020 | Listed for sale | $349,900$67/sqft |
Source: RE/MAX Real Estate #644693 Report a problem | ||
| 9/2/2020 | Pending sale | $349,900$67/sqft |
Source: RE/MAX Real Estate #644693 Report a problem | ||
| 8/2/2020 | Listed for sale | $349,900+366.5%$67/sqft |
Source: RE/MAX Real Estate #644693 Report a problem | ||
| 12/27/2001 | Sold | $75,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,962 | $164,700 |
| 2024 | $8,962 | $164,700 |
| 2023 | $8,962 | $164,700 |
| 2022 | $8,962 +3.4% | $164,700 |
| 2021 | $8,671 +1.5% | $164,700 |
| 2020 | $8,539 +11279% | $164,700 |
| 2019 | $75 +1.6% | $164,700 |
| 2018 | $74 | $164,700 |
| 2017 | -- | $164,700 |
| 2016 | -- | $164,700 |
| 2015 | -- | $164,700 |
| 2014 | -- | $164,700 +479.9% |
| 2012 | -- | $28,400 |
| 2011 | -- | $28,400 |
| 2010 | -- | $28,400 |
| 2008 | -- | $28,400 |
| 2007 | -- | $28,400 |
| 2006 | -- | $28,400 |
| 2005 | -- | $28,400 |
| 2004 | -- | $28,400 |
| 2003 | -- | $28,400 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 3/10Jefferson Elementary SchoolGrades: K-5Distance: 0.7 mi
- 2/10South 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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Estimated market value
$712,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$712,100
- Pennsylvania
- Lehigh County
- Allentown
- 18102
- Downtown
- 932 W Walnut St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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