$550,000
SOLD JUN 28, 2024

1525 Hanover Ave Allentown, PA 18109

East Allentown Neighborhood
4 Beds
3.5 Baths
4,515 Sq Ft
5,096 Sq Ft Lot

Recently Sold

$122 Per Sq Ft

23% Below List Price

91 Days on Market

About This Home

As of June 2024

**Attention Investors & Business Owners** Here is a NEW LISTING offered FOR SALE as an EXCEPTIONAL MIXED-USE 4-UNIT COMMERCIAL INVESTMENT PROPERTY consisting of 2 APARTMENTS, a MECHANICAL CONTRACTOR'S GARAGE UNIT, & the most incredible FULLY FITTED PROFESSIONAL SERVICES/SALON that could easily suit ANY other use imaginable in a City of Allentown Zoning B-3 (Highway Business Code) This property is NOW AVAILABLE directly across the street from The Lehigh Valley's NEXT BIGGEST APPROVED DEVELOPMENT on 200 ACRES called *NORTHRIDGE*, projected by City Center Developer to create 2,227 construction jobs & 385 long-term positions, in addition to $9.35 million in annual tax revenue, making the future appreciation value of this property we are selling a SOLID choice to add to your investment portfolio. This MIXED-USE sale presents a lucrative opportunity for RENTAL INCOME, OWNER OCCUPIED BUSINESS USE and/or LONG-TERM APPRECIATION. There are AFFORDABLE TAXES & PUBLIC NATURAL GAS UTILITIES on site as well as CENTRAL A/C. Buyers will NOT be disappointed in the heavily traveled AVENUE LOCATION with a daily traffic count of almost 24,000 cars passing by per day & within minutes of ALL LEHIGH VALLEY major highways. Schedule a tour with The Listing Broker ASAP because we are expecting a fast sale due to LOW INVENTORY & HEAVY BUYER DEMAND. Please allow 48hr notice for scheduling to allow us to schedule tours conveniently with tenants, the building is FULLY OCCUPIED. Thank you for your interest!

Last Agent to Sell the Property

David Feinberg

RE/MAX Central - Center Valley Listed on: 03/16/2024

RE/MAX Central - Center Valley

Last Buyer's Agent

Anis Atiyeh

IronValley RE of Lehigh Valley

IronValley RE of Lehigh Valley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,169

Year Built

  • Built in 1915

Lot Details

  • 5,096 Sq Ft Lot
  • Lot Dimensions are 68x129
  • Property is zoned B-3

Parking

  • 5 Parking Spaces

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Stucco Exterior
  • Vinyl Construction Material
  • Stone

Interior Spaces

  • 4,515 Sq Ft Home
  • 3-Story Property
  • Home Security System

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 641716993979 001

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,169

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Detached, Mixed Use
  • Technology: Security System
  • County Assessment: 33600.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1915
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms: 4
  • Square Footage: 4515

Exterior Features

  • Construction: Brick, Stone, Stucco, Vinyl

Garage/Parking

  • Parking Spaces: 5

Utilities

  • Cooling: Central AC
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Electric: 456
  • Insurance: 3900
  • Trash Removal: 555
  • Water Sewer: 2060

Fee Information

  • Operating Expense: 15140

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.117
  • Lot Dimensions: 68x129
  • Lot Sq Ft: 5096
  • Zoning Code: B-3

Tax Info

  • Assessor Parcel Number: 641716993979 001
  • County Taxes: 921.56
  • Municipal Taxes: 1726.84
  • Total Taxes: 8168.81

Multi Family

  • School Taxes: 5520.41
  • Total Units: 4
  • Total Unit Count: 4

MLS Schools

  • School District: Allentown

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Range of Values:

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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
06/28/2024 06/28/24 Sold $550,000 -15.4% $122 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
05/22/2024 05/22/24 Price Changed $650,000 -5.1% $144 / Sq Ft
04/08/2024 04/08/24 Price Changed $685,000 -4.2% $152 / Sq Ft
03/16/2024 03/16/24 For Sale $715,000 +201.1% $158 / Sq Ft
10/02/2017 10/02/17 Sold $237,500 -5.0% $56 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $250,000 -- $59 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Feinberg

    Seller's Agent in 2024

    David Feinberg

    RE/MAX

    (610) 509-4358

    2 in this area

    162 Total Sales

    David Feinberg
    Section Image
  • Anis Atiyeh

    Buyer's Agent in 2024

    Anis Atiyeh

    IronValley RE of Lehigh Valley

    (610) 597-0651

    4 in this area

    102 Total Sales

    Anis Atiyeh
    Section Image
  • Don Wenner

    Seller's Agent in 2017

    Don Wenner

    Real of Pennsylvania

    (800) 350-8061

    6 in this area

    1,122 Total Sales

    Don Wenner
    Section Image
  • Jim Bell

    Seller Co-Listing Agent in 2017

    Jim Bell

    Real of Pennsylvania

    (610) 763-4314

    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 734331

Greater Lehigh Valley REALTORS®

Pennsylvania Lehigh County Allentown 18109 East Allentown

1525 Hanover Ave, Allentown, PA

This home is located at 1525 Hanover Ave, Allentown, PA 18109 and is currently priced at $550,000, approximately $121 per square foot. This property was built in 1915. 1525 Hanover Ave is a home located in Lehigh County with nearby schools including Ritter Elementary School, Harrison-Morton Middle School, and Louis E. Dieruff 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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