Property Details
Property Type
Multi-Family - 2 Unit
Location
Deal type
Allentown
It’s Double Deal Wednesday — and here’s one you don’t want to overlook.
We’re circling back to a fully rented, off-market 2-unit in Allentown that’s now priced even better. Whether you’re looking to house hack or grab a low-maintenance rental in one of PA’s strongest markets, this deal checks all the boxes.
📍 1317 W Turner St, Allentown PA
New Price: $279,900
Current Rents: $3,000/month
Cap Rate: ~8.7%
Cash-on-Cash Return: 10–12%+ with owner-occupant financing
Why It Works:
Just blocks from downtown Allentown’s revitalized core
No major repairs needed (only basic C.O. items)
Garage, hardwood floors, and separate utilities
One unit becomes vacant this fall = perfect house hack setup
🔎 Unit Breakdown:
Unit 1 (1 bed / 1 bath): $1,300/month – MTM, tenant vacating 9/1
Unit 2 (4 bed / 1 bath): $1,700/month – Section 8 lease through 10/31
📊 Recent Sales for Comparison:
15th St – $290K (lower rent)
12th St – $290K (lower tenant mix)
→ This one’s priced better and performs stronger.
📂 All Photos, Financials, & Evaluation Packet:
See Full Deal Breakdown on Our Deal Depot
Questions or ready to schedule a tour?
The Morrow Wargo Group
Team Line: 484-791-6200
Email: admin@morrowwargo.com
Website: www.morrowwargo.com
Disclaimer: This property is offered as an assignment of contract and is provided for informational purposes only. Investors are responsible for their own due diligence.