24 S 11th St Allentown, PA 18102
Center City Neighborhood
5
Beds
3
Baths
2,336
Sq Ft
1,250
Sq Ft Lot
About This Home
As of March 2025MULTIPLE 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.
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
Similar Homes in Allentown, PA
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Home Values in the Area
Average Home Value in this Area
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
Agents Affiliated with this Home
-
Seller's Agent in 2025
Frank Rinaldi
CENTURY 21 Pinnacle
(484) 788-8682
10 in this area
216 Total Sales
-
T
Buyer's Agent in 2025
Timothy Gaugler
RE/MAX
(610) 321-3730
2 in this area
24 Total Sales
-
Seller's Agent in 2021
Jessie Cevallos
BetterHomes&GardensRE/Cassidon
(610) 504-0337
31 in this area
110 Total Sales
-
Buyer's Agent in 2021
Ronald Bowser
Steel City Realty
(484) 895-9005
29 in this area
87 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 751098
APN: 549689827227-1
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