$360,000
SOLD OCT 30, 2024

18 N Madison St Allentown, PA 18102

Center City Neighborhood
5 Beds
3 Baths
2,474 Sq Ft
2,474 Sq Ft Lot

Recently Sold

$146 Per Sq Ft

4% Below List Price

42 Days on Market

About This Home

As of October 2024

3-Unit Investment Property in AllentownThis all-brick, well-maintained building is a prime investment opportunity, ready for its new owner to start generating cash flow. The property features three units:**Unit 1**: A spacious 2-bedroom, 1-bath apartment located on the first floor. This unit has been updated with modern flooring and a renovated kitchen. It also has direct access to the basement, which includes laundry facilities and a walkout to the backyard.**Unit 2**: Situated on the second floor, this unit offers 2 bedrooms, 1 bath, and a large kitchen. Tenants will also enjoy access to a private balcony.**Unit 3**: On the third floor, you'll find a cozy 1-bedroom, 1-bath apartment. This unit includes a living room and an additional small room, perfect for an office or extra storage.Whether you're an experienced investor or just starting, this property is a solid choice for generating rental income. With all units in good condition and rented, it's ready for immediate occupancy and steady cash flow.

Last Agent to Sell the Property

Anthony Ramos

Century 21 Ramos Realty

Century 21 Ramos Realty

Last Buyer's Agent

Anthony Ramos

Century 21 Ramos Realty

Century 21 Ramos Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,625

Year Built

  • Built in 1905

Lot Details

  • 2,474 Sq Ft Lot

Home Design

  • Semi-Detached or Twin Home
  • Brick Exterior Construction

Interior Spaces

  • 2,474 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Home Security

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549679310604 001

Community Details

Building Details

  • Insurance Expense $1,245
  • Maintenance Expense $936
  • Operating Expense $5,672
  • Gross Income $32,340
  • Net Operating Income $26,668

Additional Features

  • 3 Units
  • Fire Escape

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,625

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Semi Detached/Twin
  • County Assessment: 112600.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1905
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Features: Fire Escape, Wash/Dry Hook-ups
  • Bathrooms: Semi Modern
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Square Footage: 2474

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Gas, Hot Water, Radiator
  • Sewer: Public
  • Water: Public
  • Heat: 3491
  • Insurance: 1245

Condo/Co-op/Association

  • Maintenance Repair: 936

Fee Information

  • Operating Expense: 5672

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.057
  • Lot Sq Ft: 2474
  • Zoning Code: B1/R

Tax Info

  • Assessor Parcel Number: 549679310604 001
  • County Taxes: 602.24
  • Municipal Taxes: 425.63
  • Total Taxes: 3625.49

Multi Family

  • School Taxes: 2549.62
  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: Allentown

Map

Range of Values:

Collateral Analytics

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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
10/30/2024 10/30/24 Sold $360,000 -4.0% $146 / Sq Ft
10/15/2024 10/15/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $375,000 -- $152 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 744479

Greater Lehigh Valley REALTORS®

APN: 549679310604-1

Pennsylvania Lehigh County Allentown 18102 Center City

18 N Madison St, Allentown, PA

Homes for Sale in Allentown, PA

This home is located at 18 N Madison St, Allentown, PA 18102 and is currently priced at $360,000, approximately $145 per square foot. This property was built in 1905. 18 N Madison St is a home located in Lehigh County with nearby schools including Francis D Raub Middle School, William Allen High School, and Roberto Clemente Charter 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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