NOT LISTED FOR SALE

202 E Hamilton St Allentown, PA 18109

East Allentown Neighborhood

Estimated Value: $913,874

5 Beds
4 Baths
4,393 Sq Ft
$208/Sq Ft Est. Value

Last Sold October 28, 2024

Last sale price $860,000 $196 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,429/month

122 Days on Market

Highlights

  • Commercial or Retail Space
  • Forced Air Heating and Cooling System
  • Baseboard Heating

About This Home

As of October 2024

Here’s your chance to be a part of Allentown's revitalization. This investment opportunity with a solid 8% CAP consists of 4 Fully Renovated Units - (1) 2 Bedroom 1 Bath Residential Units, (1) 3 Bedroom 1 Bath Residential Units and (2) Commercial Units (Barbershop & Clothing Store) with off street parking lot in rear. The entire building has been luxuriously renovated featuring recessed lighting, new flooring, new windows, quartz countertops - all units have separate utilities. The residential units have electric heat and hot water and electric ranges - all units have separate utilities. The commercial units have electric heat pumps and central ac. The property has frontage facing East Hamilton which is a main thoroughfares into and out of downtown Allentown. The building is being sold fully leased with a Clear CO. Just a few blocks from over 1 Billion Dollars of development including, Iron Pigs Stadium, the new Divinci Science Center, PPL Event Center, Archer Music Hall, Moxy Hotel, Restaurants, Retail, Nightlife, and so much more. Residents will enjoy easy access to all the amenities the area has to offer. This property is a must see!

Last Agent to Sell the Property

Andrew Ginsburg

BHHS Regency Real Estate License #RS334984 Listed on: 05/21/2024

BHHS Regency Real Estate

Last Buyer's Agent

Saman Chaudhry

Keller Williams Northampton

Keller Williams Northampton

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,230

Lot Details

  • 8,799 Sq Ft Lot
  • Lot Dimensions are 40 x 220

Parking

  • 12 Parking Spaces

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 4,393 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 640762843498001

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $18,092
  • Gross Income $99,600
  • Net Operating Income $77,128

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,230

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Mixed Use
  • County Assessment: 209700.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Bedrooms: 5
  • Square Footage: 4393

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 12

Utilities

  • Cooling: Central AC
  • Heat Type: Baseboard, Electric, Forced Air, Heat Pump
  • Sewer: Public
  • Water: Public

Fee Information

  • Operating Expense: 18092

Lot Info

  • Acres: 0.202
  • Lot Dimensions: 40 x 220
  • Lot Sq Ft: 8799
  • Zoning Code: B-3-HIGHWAY BUSINESS

Tax Info

  • Assessor Parcel Number: 640762843498001
  • County Taxes: 792.67
  • Municipal Taxes: 1689.51
  • Total Taxes: 7230.46

Multi Family

  • School Taxes: 4748.28
  • Total Units: 4
  • Total Unit Count: 4

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Oct 28, 2024
Sold by
Concord Development Property Corp
Bought by
Allen Hamilton Llc
Seller's Agent
Andrew Ginsburg
BHHS Regency Real Estate
Buyer's Agent
Saman Chaudhry
Keller Williams Northampton
List Price
$950,000
Sold Price
$860,000
Premium/Discount to List
-$90,000
-9.47%
Views
210
Current Estimated Value
$913,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,874
Avg. Annual Appreciation
5.79%
Original Mortgage
$645,000
Outstanding Balance
$550,860
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving
Estimated Equity
$363,014

Purchase Details

Closed on
Oct 10, 2023
Sold by
Le Hung
Bought by
Concord Development Property Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
7.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 29, 2006
Sold by
Ceasar Babriel Inc
Bought by
Le Hung

Purchase Details

Closed on
Dec 6, 2000
Sold by
Dhl Associates Inc
Bought by
Ceasar Gabriel Inc

Purchase Details

Closed on
Apr 8, 1998
Sold by
The New Tripoli National Bank
Bought by
Dhl Associates Inc

Purchase Details

Closed on
Feb 10, 1998
Sold by
The Loyal Order Of Moose Lodge #129
Bought by
The New Tripoli National Bank

Purchase Details

Closed on
Nov 1, 1976
Bought by
Loyal Order Of Moose Lodge #129
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
Allen Hamilton Llc $860,000 Experience Land Services
Concord Development Property Corp $275,000 None Listed On Document
Le Hung $208,000 Abc Title Insurance
Ceasar Gabriel Inc $175,000 --
Dhl Associates Inc $20,000 --
The New Tripoli National Bank -- --
Loyal Order Of Moose Lodge #129 $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Hamilton Llc $645,000
Previous Owner Concord Development Property Corp $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $860,000 -4.4% $196 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
06/27/2024 06/27/24 Price Changed $899,900 -5.3% $205 / Sq Ft
05/21/2024 05/21/24 For Sale $950,000 -- $216 / 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 $7,230 $209,700 $39,600 $170,100
2024 $7,230 $209,700 $39,600 $170,100
2023 $7,230 $209,700 $39,600 $170,100
2022 $6,991 $209,700 $170,100 $39,600
2021 $6,860 $209,700 $39,600 $170,100
2020 $6,692 $209,700 $39,600 $170,100
2019 $6,590 $209,700 $39,600 $170,100
2018 $6,092 $209,700 $39,600 $170,100
2017 $5,946 $209,700 $39,600 $170,100
2016 -- $209,700 $39,600 $170,100
2015 -- $209,700 $39,600 $170,100
2014 -- $209,700 $39,600 $170,100
Source: Public Records

Agents Affiliated with this Home

  • Andrew Ginsburg

    Seller's Agent in 2024

    Andrew Ginsburg

    BHHS Regency Real Estate

    (610) 349-6644

    8 in this area

    231 Total Sales

    Andrew Ginsburg
    Section Image
  • Saman Chaudhry

    Buyer's Agent in 2024

    Saman Chaudhry

    Keller Williams Northampton

    (610) 457-2151

    4 in this area

    180 Total Sales

    Saman Chaudhry
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 738100

Greater Lehigh Valley REALTORS®

APN: 640762843498-1

Pennsylvania Lehigh County Allentown 18109 East Allentown

202 E Hamilton St, Allentown, PA

Not Listed for Sale

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