$345,000
SOLD MAR 26, 2025

24 S 11th St Allentown, PA 18102

Center City Neighborhood
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

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

Map

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®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 751098

Greater Lehigh Valley REALTORS®

APN: 549689827227-1

Pennsylvania Lehigh County Allentown 18102 Center City

24 S 11th St, Allentown, PA

Homes for Sale in Allentown, PA

This home is located at 24 S 11th St, Allentown, PA 18102 and is currently priced at $345,000, approximately $147 per square foot. This property was built in 1900. 24 S 11th St is a home located in Lehigh County with nearby schools including Union Terrace Elementary School, Francis D Raub Middle School, and William Allen High School.

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Information is deemed reliable but not guaranteed.

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