$300,000
SOLD JAN 10, 2023
5 Beds
4 Baths
2,640 Sq Ft
2,400 Sq Ft Lot

Recently Sold

$114 Per Sq Ft

3% Below List Price

1 Day on Market

About This Home

As of March 2023

****LOOKING FOR DOWNTOWN ALLENTOWN MULTI-UNIT TO INVEST IN? LOOK NO FURTHER! 139 S. 8TH STREET-- Good positive cash flow from the start! 4 residential units & parking for 4 vehicles(YES PARKING OFF STREET FOR DOWNTOWN) Tenants pay for their own electricity, heat, hot water. Look at the numbers and decide for yourself***

Last Agent to Sell the Property

Spiros Dendrinos

BetterHomes&GardensRE/Cassidon Listed on: 12/12/2022

BetterHomes&GardensRE/Cassidon

Last Buyer's Agent

Spiros Dendrinos

BetterHomes&GardensRE/Cassidon Listed on: 12/12/2022

BetterHomes&GardensRE/Cassidon

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,138

Year Built

  • Built in 1890

Lot Details

  • 2,400 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,640 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Unpaved Parking

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 640609939210001

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $406
  • Insurance Expense $300
  • Other Expense $385
  • Trash Expense $475
  • Water Sewer Expense $1,564
  • Operating Expense $7,269
  • Gross Income $40,800
  • Net Operating Income $33,531

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,138

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
  • County Assessment: 128900.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Square Footage: 2640

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 4

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 406
  • Insurance: 300
  • Trash Removal: 475
  • Water Sewer: 1564

Fee Information

  • Operating Expense: 7269

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.055
  • Lot Sq Ft: 2400
  • Zoning Code: R-H-HIGH DENSITY RESIDENTIAL

Rental Info

  • Other Expenses: 385

Tax Info

  • Assessor Parcel Number: 640609939210001
  • County Taxes: 487.24
  • Municipal Taxes: 732.37
  • Total Taxes: 4138.32

Multi Family

  • School Taxes: 2918.71
  • Total Units: 4
  • Total Unit Count: 4

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
03/30/2023 03/30/23 Sold $425,000 0.0% $161 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $425,000 +41.7% $161 / Sq Ft
01/10/2023 01/10/23 Sold $300,000 -3.2% $114 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
12/12/2022 12/12/22 For Sale $309,900 +113.9% $117 / Sq Ft
12/18/2013 12/18/13 Sold $144,900 -14.7% $60 / Sq Ft
11/22/2013 11/22/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $169,900 -- $71 / 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: 706016

Greater Lehigh Valley REALTORS®

APN: 640609939210-1