322 Ridge Ave

3
Baths
3,978 Sq. Ft.
$104 / Sq. Ft.
3,978
Sq. Ft.
$104
per Sq. Ft.

Description

For sale: three-unit investment property located in Allentown, PA. The second and third floors are currently occupied by long-term tenants, and there are approved plans to create a third three-bedroom apartment in the retail space. This property is situated in a vibrant residential area on Ridge Avenue, just three blocks from the newly constructed Jaindl Enterprise Waterfront mixed-use Class A building. Allentown’s Vision 2030 Initiative includes plans for neighborhood revitalization, making this...For sale: three-unit investment property located in Allentown, PA. The second and third floors are currently occupied by long-term tenants, and there are approved plans to create a third three-bedroom apartment in the retail space. This property is situated in a vibrant residential area on Ridge Avenue, just three blocks from the newly constructed Jaindl Enterprise Waterfront mixed-use Class A building. Allentown’s Vision 2030 Initiative includes plans for neighborhood revitalization, making this location a strategic investment opportunity.
  1. Listed by AYON Abraham CODNER • Keller Williams Real Estate - Allentown
    P: (610)-435-1800 ayon811@kw.com

Property Details for 322 Ridge Avenue

Tax ID Number
640743056829-00001
Ownership
Fee Simple
Structure Type
Over Storefront
Style
Other
Waterfront
No
Garage
Yes
Municipality
ALLENTOWN CITY
Total Parking Spaces
2
LISTING UPDATED: 07/06/2026 01:26 PM

Property Details for 322 Ridge Avenue

StatusActive
MLS #PALH2016114
Days on Market1
Taxes$6,001 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1863
Lot Size0.11 AC / 5,009 SF
CountyLehigh County

Location

Listing Courtesy of Keller Williams Real Estate - Allentown
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Building Information for 322 Ridge Avenue

Stories-Residences3Year Built1863Building Size-Lot Size0.11 AC / 5,009 SF

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Property Information for 322 Ridge Avenue

Location
Location
  • School District Name: ALLENTOWN
  • School District County ID: 300200397387
  • County: LEHIGH
  • MLS Area: Allentown City (12302)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2026
  • Tax Assessed Value: $180,500
  • County Tax: $682
  • City Town Tax: $1,232
  • Zoning: R-MH
  • Tax Lot: 003
  • School Tax: $4,087
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 2
  • Other Units: Unit 1,Unit 1,Unit 1
  • Units Leased Count: 2
  • Number Of Units Vacant: 1
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 3
  • Full Baths Count: 1
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 3
  • Full Baths Count: 1
  • Unit Type Features: Proposed 3 bed conversion
Financial Information
Expenses
  • Insurance Expense: $4,000
Financial Information
  • Gross Income: $57,000
  • Net Operating Income: $40,180
  • Existing Lease Type: Gross
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 3,978.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 31.00 x 160.00
  • Parcel ID: 3947696
Parking
Parking
  • Type Of Parking: On Street, Detached Garage
  • Num of Detached Garage Spaces: 2
  • Total Garage Spaces: 2
  • Garage Features: Garage - Rear Entry
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: National Association of REALTORS

Property History for 322 Ridge Avenue

DateEvent & SourcePriceAppreciation
Jul 6, 2026

Listed (Active)

BRIGHT #PALH2016114

$414,000
Jun 30, 2026

Listed (Active)

GLVRMLS #779935

$414,000
Mar 13, 2026

Expired

GLVRMLS #772055

$400,000
DateEvent & SourcePrice
07/06/2026

Listed (Active)

BRIGHT #PALH2016114

$414,000
06/30/2026

Listed (Active)

GLVRMLS #779935

$414,000
03/13/2026

Expired

GLVRMLS #772055

$400,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 322 Ridge Avenue

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sheridan Elementary School
Public1 to 5

Harrison-Morton Middle School
Public6 to 8

Louis E Dieruff High School
Public9 to 12

Building 21 Allentown
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

322 Ridge Avenue is a multi-family home for sale in Allentown, PA 18102. This property was listed for sale on July 6, 2026 by Keller Williams Real Estate - Allentown, it's currently listed at $414,000. It has been on the market for a total of 1 days and was last sold on February 1, 2021. This listing's school district is Allentown City School District. Nearby schools include Sheridan Elementary School, Harrison-Morton Middle School and Louis E Dieruff High School. 322 Ridge Avenue is a 8-bed, 3-bath, 3,978 sqft multi-family home built in 1863.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Real Estate - Allentown

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.