From Church Block to City Block: 827–829 W Linden Gets a Second Life
Every once in a while, a project comes along that blends pure numbers with pure potential. When we acquired 827–829 W Linden Street, we didn’t just buy an apartment building — we bought a full city block in the heart of Allentown. The location? Prime. The structure? Solid. The upside? Massive.
This 7-unit asset had great bones but needed a full revamp to meet today’s standards — and unlock its full value. And that’s exactly what we delivered.
A Full-Scale Reinvention
We took the entire building down to the essentials and built it back up with the LVPE Fund touch:
New hardwood flooring throughout every unit
New PEX plumbing and all new water/sewer systems
Modern kitchens with updated cabinets and stainless steel appliances
Fresh bathrooms with new fixtures and vanities
New laundry room for tenant convenience
New windows, a new roof, and even a newly paved private parking lot
All seven units were transformed into clean, bright, spacious apartments — with rents to match.
The Numbers Tell the Story
Gross Income: $126,000/year
Net Operating Income (NOI): $105,441/year
Expenses: Only $20,559/year
Cap Rate (Current): 8.0% on list price
Occupancy: 100% leased with long-term tenants
Future Appreciation Potential: Extremely high, thanks to location and scale
Located steps from the PPL Center and surrounded by community landmarks like the church and police station, this block is primed for long-term appreciation. In fact, the property is already generating top-of-market rents — and we’re confident a developer will come knocking in the future.
Until then? It’s doing what we built it to do: cash-flowing.
Want access to deals like this — before they hit the public market? Start here.