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Marjorie Dick Stuart

  • Cell 240-731-8079
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624-626 N Maxwell St, ALLENTOWN, PA – $1,695,000

  • $1.7M Price
  • 5,985 Sqft
  • .21 Acres
  • 7 DOM
  • $1.7M Price
  • 5,985 Sqft
  • .21 Acres
  • 7 DOM

624-626 N Maxwell St

The residential component of this offering includes eight apartments: four 1-bedroom units and four 2-bedroom units. Tenants are responsible for their own electricity, which covers both cooking and hot water. Additionally, the two lower-level units also pay for their own heat, while the owner provides heat for the remaining six apartments, as well as water, sewer, and trash service for all eight units. Recent upgrades include the installation of a high-efficiency, gas-fired, direct-vent condensing boiler (Evergreen Series EVG-299, 95.5% AFUE) with outdoor reset control, along with baseboard electric heaters in the two lower-level units. Five of the eight apartments have been renovated, offering a value-add opportunity for a new owner to renovate the remaining three and increase rental income. The commercial portion of the property is currently leased to La Esquina de Jorge Restaurant. The lease includes 3% annual rent increases (the next scheduled increase begins August 1, 2025) and requires the tenant to cover all maintenance and utility expenses, except for water/sewer, which is billed back at $75 per month.

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Essential Information

  • MLS® #PALH2012416
  • Price$1,695,000
  • Bathrooms0.00
  • Square Footage5,985
  • Acres0.21
  • Year Built1914
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StatusActive

Community Information

  • Address624-626 N Maxwell St
  • AreaAllentown City (12302)
  • CityALLENTOWN
  • CountyLEHIGH-PA
  • StatePA
  • MunicipalityALLENTOWN CITY
  • Zip Code18109

Interior

  • HeatingRadiator
  • CoolingWindow Unit(s)
  • # of Stories3

Exterior

  • ExteriorBrick and Siding

School Information

  • DistrictALLENTOWN

Additional Information

  • Date ListedJune 23rd, 2025
  • Days on Market7
  • ZoningB-3

Listing Details

  • OfficeAcre and Estate
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Listing information last updated on June 29th, 2025 at 2:30am CDT.