NOT LISTED FOR SALE

1042 Walnut St Allentown, PA 18102

Center City Neighborhood
17 Beds
14 Baths
12,440 Sq Ft
0.7 Acres

Last Sold June 18, 2021

Last sale price $940,000 $76 Per Sq Ft

14 Days on Market

Highlights

  • 0.7 Acre Lot
  • Balcony
  • Hot Water Heating System
  • Wood Flooring
  • Patio
  • 4-minute walk to Valania Park

About This Home

As of June 2021

13 residential apartments, 1 commercial office and 6 detached garages. Buildings are three townhomes and one detached single building all on one deed. One of the townhomes was originally built as apartments. All buildings maintain interesting classical architectural features such as transom windows, front porches, grocery alleys and masonry construction. Paved rear parking lot could accommodate 10+- cars. 4 of the garages are included in tenants rent and 2 garages are rented to non apartment occupants. Fully occupied for immediate cash flow plus there is so much potential to increase rents and decrease expenses. Even better there are opportunities for additional income streams such as adding coin operated laundry and storage spaces in the unused walk out basement areas. Great location with easy access to all the new developments in Allentown. Add these solid buildings to your investment portfolio or get your investment career of to an excellent start.

Last Agent to Sell the Property

Christopher Zajacek

Grace Realty Co Inc Listed on: 03/16/2021

Last Buyer's Agent

Jennifer de Jesus

Empire Property Management

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,649

Year Built

  • Built in 1890

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 96x190
  • Property is zoned R-H

Parking

  • 16 Car Garage

Home Design

  • Brick Exterior Construction
  • Stucco Exterior
  • Stone

Interior Spaces

  • 12,440 Sq Ft Home
  • 4-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 14 Full Bathrooms

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Outdoor Features

  • Balcony
  • Patio

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 549698199533 001

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,649

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Detached
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 511500.00
  • Stories: 4.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Hardwood, Patio
  • Bathrooms: Modern
  • Bathrooms: 14
  • Full Bathrooms: 14
  • Bedrooms: 17
  • Square Footage: 12440

Exterior Features

  • Construction: Aluminum, Brick, Stone, Stucco

Garage/Parking

  • Parking: Garage, Paved Lot
  • Parking Spaces: 16

Utilities

  • Cooling: No Air
  • Heat Type: Gas, Hot Water
  • Sewer: Public
  • Water: Public
  • Electric: 6198
  • Gas: 8752
  • Heat: 8752
  • Insurance: 3127
  • Trash Removal: 2796
  • Water Sewer: 3308

Fee Information

  • Operating Expense: 43055

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.704
  • Lot Dimensions: 96x190
  • Lot Sq Ft: 30680
  • Zoning Code: R-H

Tax Info

  • Assessor Parcel Number: 549698199533 001
  • Taxes: 15649

Multi Family

  • Total Units: 14
  • Total Unit Count: 20

Range of Values:

Collateral Analytics

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ICE

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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 Change Sq Ft Price
06/18/2021 06/18/21 Sold $940,000 -14.5% $76 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $1,100,000 -- $88 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christopher Zajacek

    Seller's Agent in 2021

    Christopher Zajacek

    Grace Realty Co Inc

    (610) 442-3230

    4 in this area

    157 Total Sales

    Christopher Zajacek
    Section Image

  • J

    Buyer's Agent in 2021

    Jennifer de Jesus

    Empire Property Management

    Section Image

  • A

    Buyer Co-Listing Agent in 2021

    Aisha Smith

    Coldwell Banker Hearthside

    (610) 714-2118

    19 in this area

    75 Total Sales

    Aisha Smith
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 662408

Greater Lehigh Valley REALTORS®
Pennsylvania Lehigh County Allentown 18102 Center City

1042 Walnut St, Allentown, PA

This home is located at 1042 Walnut St, Allentown, PA 18102 since 16 March 2021. This property was built in 1890. 1042 Walnut St is a home located in Lehigh County with nearby schools including Union Terrace 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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