$1,895,000
$205K PRICE DROP

101 N 8th St Allentown, PA 18101

Center City Neighborhood

Estimated payment $12,672/month

Total Views 45,003
7 Beds
11 Baths
7,335 Sq Ft
$258 Price per Sq Ft

Highlights

  • 0.11 Acre Lot
  • Brick or Stone Mason
  • Heating Available

About This Home

Seller financing available! Location - it doesn't get any better than this!! This investment opportunity consists of 11 fully renovated units (7) Residential Units and (4) Commercial Units. All units have been fully renovated including all the common areas and exterior. All units have electric heat and air conditioning and electric hot water - all units have separate utilities. Each of the 7 Residential Units have Electric Mini-Splits for heating and cooling, 2 Commercial units have Mini Splits, and 2 have Heat Pumps. All exterior and common areas are monitored by security cameras and internet is included w/ all of the tenants rent. Newly installed laundry room in basement features coin operated washer/dryers. Located in the NIZ Improvement Zone and Opportunity Zone and directly in the heart of over 1 Billion Dollars of development. Across the street from the new PPL Event Center, Da Vinci Science Center, Restaurants, Retail, Nightlife, and so much more. This property is a must see!

Listing Agent

Andrew Ginsburg

BHHS Regency Real Estate Listed on: 01/09/2024

BHHS Regency Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,980

Year Built

  • Built in 1900

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 7,335 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • Heating Available

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $1,500
  • Gardener Expense $800
  • Insurance Expense $5,128
  • Maintenance Expense $3,850
  • Water Sewer Expense $3,724
  • Operating Expense $55,130
  • Gross Income $201,000
  • Net Operating Income $135,820

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,980

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Stories: 4
  • Year Built: 1900
  • LotSizeAcres: 0.108
  • Lot Size: 34 x 140
  • Co List Office Mls Id: PRUR
  • Subdivision Name: Not in Development
  • PropertySubTypeAdditional: Commercial
  • Special Features: None

Interior Features

  • Full Bathrooms: 7
  • Half Bathrooms: 4
  • Total Bedrooms: 7
  • Living Area: 7335.0
  • Stories: 4

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: None, Off Site

Utilities

  • Cooling: Wall Unit(s)
  • Sewer: Public Sewer
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Operating Expense: 55130.0
  • Annual Water Sewer Expense: 3724.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Lot Size Sq Ft: 4704.0
  • Zoning: B-2-CENTRAL BUSINESS

Multi Family

  • Number Of Units Total: 11
  • Electric Expense: 1500.0
  • Insurance Expense: 5128.0
  • Maintenance Expense: 3850.0
  • Property Net Operating Income: 135820.0

Tax Info

  • Tax Annual Amount: 31980.0

Map

Range of Values:

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Average Value
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List 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 Change Sq Ft Price
02/05/2025 02/05/25 Price Changed $1,895,000 -4.8% $258 / Sq Ft
03/07/2024 03/07/24 Price Changed $1,990,000 -5.2% $271 / Sq Ft
01/09/2024 01/09/24 For Sale $2,100,000 -- $286 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 730450

Greater Lehigh Valley REALTORS®
Pennsylvania Lehigh County Allentown 18101 Center City

101 N 8th St, Allentown, PA

This home is located at 101 N 8th St, Allentown, PA 18101 and is currently priced at $1,895,000, approximately $258 per square foot. This property was built in 1900. 101 N 8th St is a home located in Lehigh County with nearby schools including Central Elementary School, Francis D Raub Middle School, and William Allen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Andrew Ginsburg
Listing Agent
Andrew Ginsburg
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BHHS Regency Real Estate
(610) 349-6644