406 Ridge Avenue

Closed 7/22/25
Closed 7/22/25
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Sold
Last Sold Price
$390,000
6 beds5,148 sqft$76/sqft
406 Ridge Ave, Allentown, PA 18102
Multi FamilyProperty Type
5,619 sq ftLot Size
1865Year Built
$76/sq ftPrice per sq ft

Description

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...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
  • Listed by: Shabana Pathan 484.893.1204 shabanahelps@gmail.com • Keller Williams Northampton
  • Listed by: Saman S. Chaudhry 610.457.2151 realtorsaman@gmail.com • Keller Williams Northampton
Listing closed: 07/22/2025 12:00 AM • Source: GLVRMLS, MLS#: 753508

Recent comparable sales

Median sold price

$386,000

Avg days on market

37

Sale-to-list ratio

100.4%

Allentown, PA

9 comparable properties found

$425,000 | 514 North 5th Street, Allentown, PA 18102
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1

$425,000

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Bedrooms
2,928
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0.04
Acres

514 North 5th Street, Allentown, PA 18102

a view of a large building with a door
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2

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Sold 12/10/25

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Bedrooms
3,380
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111 North 5th Street, Allentown, PA 18102

$384,000 | 348 North 6th Street, Allentown, PA 18102
1/34
3

$384,000

Sold 09/25/25

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Bedrooms
4
Bathrooms
2,812
Square Feet
0.04
Acres

348 North 6th Street, Allentown, PA 18102

a view of front door of house with a street
1/58
4

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Sold 08/18/25

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Bedrooms
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Acres

519 North 6th Street, Allentown, PA 18102

$330,000 | 46 South 10th Street, Allentown, PA 18102
1/7
5

$330,000

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6
Bedrooms
3,360
Square Feet
0.06
Acres

46 South 10th Street, Allentown, PA 18102

$386,000 | 234 North 12th Street, Allentown, PA 18102
1/6
6

$386,000

Sold 11/08/24

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Bedrooms
3
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3,024
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Acres

234 North 12th Street, Allentown, PA 18102

$350,000 | 26 North Madison Street, Allentown, PA 18102
1/24
7

$350,000

Sold 12/27/24

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0.04
Acres

26 North Madison Street, Allentown, PA 18102

$450,000 | 140 North 14th Street, Allentown, PA 18102
1/53
8

$450,000

Sold 08/03/26

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2,910
Square Feet
0.04
Acres

140 North 14th Street, Allentown, PA 18102

$487,500 | 502 North Eighth Street, Allentown, PA 18102
1/16
9

$487,500

Sold 01/10/25

7
Bedrooms
4,425
Square Feet
0.11
Acres

502 North Eighth Street, Allentown, PA 18102

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Sold By Keller Williams Northampton

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Principal and Interest

$1,982

Property Taxes

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Property Information for 406 Ridge Avenue

Property Details
  • Taxes: $4,441 / year
  • MLS Type: Residential Income / Apartment
  • County: Lehigh County
  • Senior Community: No
  • Subdivision Name: Not in Development
Building Information
  • Building/Complex: 406 Ridge Ave
  • Stories: 3
  • Residences: 4
  • Year Built: 1865
Summary
Location and General Information
  • Country Subdivision: 42077
  • Cross Street: W Gordon St
  • Directions: Take US-22 to Fullerton Ave exit, merge to Fullerton Ave, cont to N Front St, turn R to Tilghman St, turn L to Ridge Ave, the destination will be on the R
  • Latitude: 40.611784
  • Longitude: -75.460875
  • MLS Area Major: Allentown-Central
  • Zoning: B1/R
Taxes and HOA
  • Parcel Number: 640733997712001
  • Tax Annual Amount: $4,441
  • Tax Assessed Value: $130,000
School Information
  • Elementary School District: Allentown
  • High School District: Allentown
  • Middle Or Junior School District: Allentown
Parking
  • Parking Total: 0.0
Property
Lot Information
  • Living Area: 5148.0
  • Lot Size Acres: 0.129
  • Lot Size Area: 5619.0
  • Lot Size Square Feet: 5619.0
Property and Assessments
  • Year Built: 1865
  • Year Built Details: Unknown
Interior and Exterior Features
Interior Features
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 6
  • Cooling: No
  • Heating: Yes
  • Stories: 3
  • Stories Total: 3
Mobile Home
Mobile Home Information
  • Human Modified: Yes
Multi Family
Multi Family Innformationn
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gardener Expense: $.00
  • Gross Income: $42,000
  • Insurance Expense: $1,500.00
  • Maintenance Expense: $.00
  • Net Operating Income: $36,059
  • Operating Expense: $5,941.00
  • Other Expense: $.00
  • Professional Management Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit Information
Unit 1
  • Unit Type Actual Rent: $2,000.00
  • Unit Type Actual Rent Range: 2000.00
  • Unit Type Area: 1800.0
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Description: Office projected rent
  • Unit Type Occupant Type: Vacant
  • Unit Type Total Rent: $2,000.00
  • Unit Type Unit Num: 1
Unit 2
  • Unit Type Actual Rent: $980.00
  • Unit Type Total Rent: $2.00
Unit 3
  • Unit Type Unit Num: 1030.0
  • Unit Type Actual Rent Range: 1
  • Unit Type Area: 3.0
  • Unit Type Area Units: Sq ft is approx
  • Unit Type Pet Deposit Per Pet: Yes

Property History for 406 Ridge Avenue

DateEvent & SourcePriceAppreciation
Jul 22, 2025

Closed

GLVRMLS #753508

$390,000—
May 31, 2025

Expired

GLVRMLS #749346

$449,900—
Mar 27, 2025

Pending

GLVRMLS #753508

—
DateEvent & SourcePrice
07/22/2025

Closed

GLVRMLS #753508

$390,000
05/31/2025

Expired

GLVRMLS #749346

$449,900
03/27/2025

Pending

GLVRMLS #753508

—

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

Schools near 406 Ridge Avenue

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Sheridan Elementary School
Public - 1 to 5
Harrison-Morton Middle School
Public - 6 to 8
Louis E Dieruff High School
Public - 9 to 12
Brigadier General Anna Mae Hays Elementary School
Public - K to 5
Rating
School
Distance
Sheridan Elementary School
Public1 to 5

Harrison-Morton Middle School
Public6 to 8

Louis E Dieruff High School
Public9 to 12

Brigadier General Anna Mae Hays Elementary School
PublicK to 5

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 406 Ridge Avenue, Allentown, PA 18102
$390,000
6
5,148
5,619
406 Ridge Avenue, Unit 408, Allentown, PA 18102
$390,000
–
5,148
–
402 Ridge Avenue, Unit 404, Allentown, PA 18102
–
–
–
18,000
2,788
410 Ridge Avenue, Allentown, PA 18102
$170,000
5
2,028
2,831
412 Ridge Avenue, Unit 414, Allentown, PA 18102
–
2
3,016
4,972
157 West Gordon Street, Unit 161, Allentown, PA 18102
$150,000
–
–
9,635
2,800

Explore Nearby Homes

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Listing Courtesy of Keller Williams Northampton

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.