$2,500,000

Rare entitled multifamily development site in south Allentown. 17.5 acres approved for 188 dwelling units in two four-story buildings with 299 surface parking spaces. Zoning relief is complete: the Zoning Hearing Board granted both steep slope disturbance and building height variances, and the City has confirmed no further variances or special exceptions are required. Preliminary land development approval is in place and extended through December 15, 2026, with only final approval remaining. Unit mix is 142 one-bedroom and 46 two-bedroom units totaling approximately 171,600 gross square feet. Public sewer and water, Residential zoning, and approximately 2.2 acres preserved as permanent open space. Priced at roughly $13,298 per approved unit in a market with a documented housing shortage. Information is deemed from reliable sources, but buyer must confirm and verify all approvals, unit counts and square footages with the City of Allentown.