NOT LISTED FOR SALE

122 N Franklin St Allentown, PA 18102

Center City Neighborhood

Estimated Value: $226,683 - $256,000

4 Beds
2 Baths
1,734 Sq Ft
$141/Sq Ft Est. Value

Last Sold November 08, 2024

Last sale price $255,000 $147 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,533/month

8 Days on Market

About This Home

As of November 2024

Fantastic Allentown 2 unit near West Park - - **Property Type**: 2-unit building in Allentown.
- **Rental Income**: Gross income of $29,856 and net income of $20,243.
- **Recently renovated 3-bedroom unit in excellent move-in condition and 1 bed 1 bath unit has had cosmetic upgrades in the last 2 years as well.
- **Interior Features**: - Ceramic tiled kitchen and bathroom. - Spacious rooms with replacement windows. - Laminate floors for durability.
- **Utilities**: Separate gas, forced air heating systems.
- **Outdoor Features**: Private, fenced backyard.
- **Roof**: Newer rubber roof.
- **Investment Metrics**: - Cap rate over 8%. - Debt coverage ratio (DCR) over 1.35%. Perfect turn key 2 unit with cashflow or a great "House Hack" opportunity to live in one unit and hedge out your mortgage with the rental income on the other unit. Do not wait on this property!

Last Agent to Sell the Property

Frank Rinaldi

CENTURY 21 Pinnacle License #AB069017 Listed on: 09/26/2024

CENTURY 21 Pinnacle

Last Buyer's Agent

Jesse Moyer

IronValley RE of Lehigh Valley

IronValley RE of Lehigh Valley

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,141

Year Built

  • Built in 1905

Lot Details

  • 1,830

Parking

  • 2 Parking Spaces

Home Design

  • 1,734 Sq Ft Home
  • Converted Dwelling
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 549669458022001

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $600
  • Insurance Expense $1,000
  • Maintenance Expense $1,492
  • Other Expense $250
  • Water Sewer Expense $1,800
  • Operating Expense $9,613
  • Gross Income $29,856
  • Net Operating Income $20,243

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,141

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Converted
  • Technology: Cable
  • County Assessment: 130100.00
  • Street Number Modifier: .5
  • Year Built: 1905
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Square Footage: 1734

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 2

Utilities

  • Cooling: Window ACs
  • Heat Type: Forced Air, Gas
  • Sewer: Public
  • Water: Public
  • Electric: 600
  • Insurance: 1000
  • Water Sewer: 1800

Condo/Co-op/Association

  • Lawn Snow Removal: 350
  • Maintenance Repair: 1492

Fee Information

  • Operating Expense: 9613

Lot Info

  • Zoning Code: R-MH

Rental Info

  • Other Expenses: 250

Tax Info

  • Assessor Parcel Number: 549669458022001
  • Total Taxes: 4141.00

Multi Family

  • Total Units: 2
  • Total Unit Count: 2

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2012
Closed on
Aug 8, 2012
Sold by
Federal National Mortgage Association
Bought by
Francois James
Seller's Agent
Dale Kessler
Realty 365
Buyer's Agent
Denise Francois
HomeSnipe Real Estate, LLC
List Price
$42,000
Sold Price
$51,000
Premium/Discount to List
$9,000
21.43%
Current Estimated Value
$244,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,671
Avg. Annual Appreciation
12.52%
Original Mortgage
$36,400
Outstanding Balance
$25,252
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$219,419

Purchase Details

Closed on
Jul 12, 2011
Sold by
Rossi Sheriff Ronald W and Santos Efrain
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 21, 2006
Sold by
Dimaio Ralph R
Bought by
Santos Efrain and Baez Yanet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,725
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2006
Sold by
Matus Vicky A and Kassis Vicky A
Bought by
Dimaio Ralph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,390
Interest Rate
6.23%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 7, 2004
Sold by
Henninger Tina M
Bought by
Henninger Michael and Henninger Tina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2001
Sold by
Wylie John S and Hewerton Russell J
Bought by
Henninger Tina M

Purchase Details

Closed on
Jun 14, 2000
Sold by
122 N Franklin Street Land Trust
Bought by
Matus Vicky A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Francois James $51,000 --
Federal National Mortgage Association -- --
Santos Efrain $116,725 None Available
Dimaio Ralph R $107,100 None Available
Henninger Michael -- --
Henninger Tina M $60,000 --
Matus Vicky A $67,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Francois James $36,400
Previous Owner Santos Efrain $116,725
Previous Owner Dimaio Ralph R $96,390
Previous Owner Henninger Michael $67,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2024 11/08/24 Sold $255,000 +2.0% $147 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $250,000 +25.0% $144 / Sq Ft
05/14/2021 05/14/21 Sold $200,000 +0.1% $115 / Sq Ft View Prior Sale
04/07/2021 04/07/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $199,900 0.0% $115 / Sq Ft
03/16/2019 03/16/19 Rented $1,200 0.0% --
02/27/2019 02/27/19 Under Contract -- -- --
02/22/2019 02/22/19 For Rent $1,200 +9.1% --
02/27/2017 02/27/17 Rented $1,100 0.0% --
02/27/2017 02/27/17 Under Contract -- -- --
02/09/2017 02/09/17 For Rent $1,100 0.0% --
02/01/2014 02/01/14 Rented $1,100 0.0% --
12/21/2013 12/21/13 Under Contract -- -- --
12/06/2013 12/06/13 For Rent $1,100 0.0% --
08/10/2012 08/10/12 Sold $51,000 +21.4% $29 / Sq Ft View Prior Sale
07/03/2012 07/03/12 Pending -- -- --
06/12/2012 06/12/12 For Sale $42,000 -- $24 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,894 $89,700 $6,500 $83,200
2024 $2,894 $89,700 $6,500 $83,200
2023 $2,894 $89,700 $6,500 $83,200
2022 $2,791 $89,700 $83,200 $6,500
2021 $2,735 $89,700 $6,500 $83,200
2020 $2,663 $89,700 $6,500 $83,200
2019 $2,620 $89,700 $6,500 $83,200
2018 $2,448 $89,700 $6,500 $83,200
2017 $2,386 $89,700 $6,500 $83,200
2016 -- $89,700 $6,500 $83,200
2015 -- $89,700 $6,500 $83,200
2014 -- $89,700 $6,500 $83,200
Source: Public Records

Agents Affiliated with this Home

  • Frank Rinaldi

    Seller's Agent in 2024

    Frank Rinaldi

    CENTURY 21 Pinnacle

    (484) 788-8682

    12 in this area

    202 Total Sales

    Frank Rinaldi
    Section Image
  • Jesse Moyer

    Buyer's Agent in 2024

    Jesse Moyer

    IronValley RE of Lehigh Valley

    (610) 737-7030

    11 in this area

    114 Total Sales

    Jesse Moyer
    Section Image

  • G

    Seller's Agent in 2021

    Gary Elbert

    Bellman & Radcliff

    (610) 393-1801

    36 in this area

    119 Total Sales

    Gary Elbert
    Section Image

  • E

    Seller Co-Listing Agent in 2021

    Evelyn Martinez

    Bellman & Radcliff

    (484) 951-5846

    24 in this area

    72 Total Sales

    Evelyn Martinez
    Section Image
  • Ronald Bowser

    Buyer's Agent in 2021

    Ronald Bowser

    Steel City Realty

    (484) 895-9005

    30 in this area

    90 Total Sales

    Ronald Bowser
    Section Image
  • James Francois

    Seller's Agent in 2019

    James Francois

    HomeSnipe Real Estate, LLC

    (484) 664-2828

    8 in this area

    31 Total Sales

    James Francois
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 745870

Greater Lehigh Valley REALTORS®

APN: 549669448888-1

Pennsylvania Lehigh County Allentown 18102 Center City

122 N Franklin St, Allentown, PA

Not Listed for Sale

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