About 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.
Features of 624-626 N Maxwell St
| MLS® # | PALH2012416 |
|---|---|
| Price | $1,350,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,985 |
| Acres | 0.21 |
| Year Built | 1914 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 624-626 N Maxwell St |
|---|---|
| Area | Allentown City (12302) |
| City | ALLENTOWN |
| County | LEHIGH-PA |
| State | PA |
| Zip Code | 18109 |
| Senior Community | N |
Amenities
| Parking Type | Parking Lot |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Radiator |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
| Central Air | N |
Exterior
| Exterior | Brick and Siding |
|---|---|
| New Construction | N |
School Information
| District | ALLENTOWN |
|---|
Additional Information
| Date Listed | June 23rd, 2025 |
|---|---|
| Days on Market | 111 |
| Zoning | B-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Hearthside - Bethlehem |
|---|---|
| Contact Info | 6109369953 |