$350,000
SOLD SEP 25, 2025
-- Bed
-- Bath
3,357 Sq Ft
1900 Built

Recently Sold

$104 Per Sq Ft

12% Below List Price

23 Days on Market

About This Home

As of September 2025

Investor Opportunity 3-Unit Property!

Don't miss your chance to own this value-add multi-unit property located in Allentown. This triplex is ideal for the savvy investor looking to build equity and generate long-term rental income.

Property Highlights:

Unit 1: In need of repairs—perfect for investors ready to bring their vision and add value through renovations.

Unit 2: Currently occupied, featuring 2 bedrooms and solid layout.

Unit 3: Currently occupied, large 3-bedroom unit with a bonus room off the kitchen, offering additional living space and basement access.

With some capital investment now, this property offers excellent potential for increased rental income and long-term appreciation. All units have separate entrances.

Situated in the heart of Allentown’s revitalization zone, you're just minutes from downtown shops, restaurants, the PPL Center, and major transportation routes.

Property is being sold as-is. Buyer is responsible for obtaining a clear Certificate of Occupancy.

This is the perfect opportunity to enter or expand in a fast-growing rental market.

Last Agent to Sell the Property

David Ribardo

Keller Williams Allentown Listed on: 07/07/2025

Keller Williams Allentown

Co-Listed By

Sarah Sadler

Keller Williams Allentown

Last Buyer's Agent

David Ribardo

Keller Williams Allentown Listed on: 07/07/2025

Keller Williams Allentown

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,784

Year Built

  • Built in 1900

Parking

  • No Garage

Home Design

  • 3,357 Sq Ft Home
  • Brick or Stone Mason

Utilities

  • Heating Available

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,500
  • Maintenance Expense $5,000
  • Professional Management Expense $1,800
  • Operating Expense $17,000
  • Gross Income $26,000
  • Net Operating Income $9,500

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,784

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1900
  • Professional Management Expense: 1800.0
  • Co List Office Mls Id: KWILA
  • Co List Office Mls Id: KWILA
  • Subdivision Name: Not in Development
  • Property Attached Yn: No
  • Year Built Details: Unknown
  • HumanModifiedYN: Yes
  • PropertySubTypeAdditional: Apartment,Detached
  • CurrentPrice: 350000.0
  • Special Features: None

Interior Features

  • Living Area: 3357.0

Exterior Features

  • Construction Type: Brick
  • Property Condition: Unknown

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Sewer: Community/Coop Sewer, Public Sewer
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Operating Expense: 17000.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Zoning: R-Mh-Medium High Density

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 1500.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 9500.0

Tax Info

  • Tax Annual Amount: 3784.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2025 09/25/25 Sold $350,000 -7.7% $104 / Sq Ft
08/03/2025 08/03/25 Off Market $379,000 -- --
07/30/2025 07/30/25 Pending -- -- --
07/22/2025 07/22/25 Price Changed $379,000 -5.0% $113 / Sq Ft
07/07/2025 07/07/25 For Sale $399,000 +89.6% $119 / Sq Ft
06/24/2020 06/24/20 Sold $210,390 -1.7% $63 / Sq Ft View Prior Sale
05/05/2020 05/05/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $214,000 +12.6% $64 / Sq Ft
06/25/2018 06/25/18 Sold $190,000 -11.6% $57 / Sq Ft View Prior Sale
04/16/2018 04/16/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $215,000 +186.7% $64 / Sq Ft
08/28/2014 08/28/14 Sold $75,000 -31.8% $22 / Sq Ft View Prior Sale
07/07/2014 07/07/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $109,900 -- $33 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 760605

Greater Lehigh Valley REALTORS®

APN: 640636052270-1