$345,000
SOLD MAR 26, 2025
5 Beds
3 Baths
2,336 Sq Ft
1,250 Sq Ft Lot

Recently Sold

$148 Per Sq Ft

3% Above List Price

7 Days on Market

About This Home

As of March 2025

MULTIPLE OFFERS RECEIVED ***H&B is due Tuesday (1/21/25) by 5pm***Exceptional Investment Opportunity – 3-Unit Multifamily Property!- Offered at $345,000- Cap Rate: 8.3% (self-managed)Discover the perfect addition to your real estate portfolio with this three-unit building that combines strong cash flow with immediate upside potential. Featuring two spacious two-bedroom units and a well-sized studio, this property is designed for consistent income and future growth.Key Highlights: • Impressive Income: Gross rents are nearing $35,000 annually, with room for rent roll increases. • Expense Control: Owner has implemented RUBS (Ratio Utility Billing System) in 2 of 3 units, lowering operating expenses and boosting cash flow. • Strong Cap Rate: Enjoy an 8.3% cap rate, making this a high-performing asset for savvy investors. • Upside Potential: With rents slightly below market, there’s significant opportunity for increased income.

Last Agent to Sell the Property

Frank Rinaldi

CENTURY 21 Pinnacle Listed on: 01/16/2025

CENTURY 21 Pinnacle

Last Buyer's Agent

Timothy Gaugler

RE/MAX 440

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,052

Year Built

  • Built in 1900

Lot Details

  • 1,250 Sq Ft Lot

Home Design

  • Converted Dwelling
  • Brick Exterior Construction

Interior Spaces

  • 2,336 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 549689827227 001

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $400
  • Insurance Expense $1,023
  • Maintenance Expense $1,014
  • Water Sewer Expense $650
  • Operating Expense $6,139
  • Gross Income $34,859
  • Net Operating Income $28,720

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,052

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Converted, Row-End Unit
  • County Assessment: 95700.00
  • Stories: 3.0
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Square Footage: 2336

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 400
  • Insurance: 1023
  • Water Sewer: 650

Condo/Co-op/Association

  • Lawn Snow Removal: 200
  • Maintenance Repair: 1014

Fee Information

  • Operating Expense: 6139

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.029
  • Lot Sq Ft: 1250
  • Zoning Code: RH

Tax Info

  • Assessor Parcel Number: 549689827227 001
  • Total Taxes: 3052.00

Multi Family

  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: Allentown

Range of Values:

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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
03/26/2025 03/26/25 Sold $345,000 0.0% $148 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
01/18/2025 01/18/25 Price Changed $345,000 +3.0% $148 / Sq Ft
01/16/2025 01/16/25 For Sale $335,000 +42.6% $143 / Sq Ft
06/18/2021 06/18/21 Sold $235,000 0.0% $101 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $235,000 -- $101 / 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: 751098

Greater Lehigh Valley REALTORS®

APN: 549689827227-1