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Sold for $390,000
  • $390,000

    406 Ridge Ave #408, Allentown, PA 18102

    6beds
    5,148sqft
    Multi Family, Apartment
    Built in 1865
    -- sqft lot
    $487,500 Zestimate®
    $76/sqft
    $1,634 Estimated rent

    Home value

    $487,500

    $444,000 - $531,000

    $1,634/mo

    Zestimate® history
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    $1,634/mo

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    $2,473/mo

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    $2,473/mo

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    What's special

    *MULTIPLE OFFERS RECEIVED! HIGHEST & BEST OFFERS ARE DUE BY TOMORROW, TUE 03/25 AT 2PM!*! Discover this exceptional 3-unit mixed-use investment property, and offering immediate rental income of $3,500 PER MONTH, with a projected income of $5,500 per month with the offices! Each unit is thoughtfully designed with modern stainless steel appliances, elegant hardwood floors, and spacious layouts that attract quality tenants. Large vacant office on the 1st floor can be converted into two and is currently on the market for rent! The building features a freshly painted exterior, adding curb appeal and ensuring a low-maintenance investment. Conveniently located close to major highways US-22 and I-78 for easy commute, Bucky Boyle Park, Coca Cola Park, Lehigh Valley Mall, Allentown Airport, shops, restaurants, and so much more! Whether you’re a seasoned investor or just starting, this turnkey opportunity is perfect for long-term growth. Don’t miss your chance to own this income-producing mixed-use property! *COMMERCIAL & RESIDENTIAL CLEAR CO WILL BE PROVIDED* *CAP RATE W/APTS ONLY: 9. CAP RATE W/APTS & COMM SPACE: 15*

    Zillow last checked: 7 hours ago

    Listing updated: August 28, 2025 at 12:16pm

    Listed by:

    Shabana Pathan 484-893-1204,

    Keller Williams Northampton,

    Saman S. Chaudhry 610-457-2151,

    Keller Williams Northampton

    Bought with:

    Saman S. Chaudhry, RS319903

    Keller Williams Northampton

    Source: GLVR,MLS#: 753508MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Electric, Gas
    Cooling
    • None
    Interior area
    • Total interior livable area: 5,148 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 5,619 sqft
    Details
    • Parcel number: 640733997712001
    • Zoning: B1/R
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Apartment
    Materials
    • Brick
    Condition
    • Unknown
    • Year built: 1865

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Allentown
    • Subdivision: Not in Development

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/22/2025Sold$390,000-2.5%$76/sqft
    Source: GLVR #753508 Report a problem
    3/31/2025Pending sale$399,900$78/sqft
    Source: GLVR #753508 Report a problem
    3/8/2025Listed for sale$399,900-11.1%$78/sqft
    Source: GLVR #753508 Report a problem
    12/13/2024Listing removed$449,900$87/sqft
    Source: GLVR #749346 Report a problem
    12/5/2024Listed for sale$449,900+25.3%$87/sqft
    Source: GLVR #749346 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,074 $130,000
    2024$7,074 $130,000
    2023$7,074 $130,000

    Find assessor info on the county website

    Neighborhood: 6th Ward

    Nearby schools

    GreatSchools rating
    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
    $487,500
    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
    $487,500