245 N 4th St Allentown, PA 18102
Center City NeighborhoodEstimated payment $2,568/month
Total Views
2,035
5
Beds
3
Baths
2,400
Sq Ft
$160
Price per Sq Ft
About This Home
This well maintained three-unit building presents a fantastic investment opportunity in a highly desirable location just minutes from the city center and St. Luke’s Hospital. With strong rental demand in the area, this property offers reliable income potential and excellent prospects for long-term appreciation.
Each spacious unit features separate electric meters, allowing tenants to pay their own electric helping reduce operating costs and increase profitability. The first-floor unit boasts high ceilings, while all units offer practical layouts and appealing features that make them easy to rent out.
The property also includes a large backyard a rare bonus in this area providing outdoor space for tenants or future value-add opportunities.
Whether you're a seasoned investor or an owner-occupant looking to house hack, this property is an ideal fit. Live in one unit while renting out the other two to generate passive income and build equity.
The property will be delivered with a clear Certificate of Occupancy, offering a smooth and worry-free transition to ownership.
Don’t miss this opportunity to own a solid, income-generating asset in a prime, central location!
Agent Related to Owner
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,296
Year Built
- Built in 1885
Home Design
- 2,400 Sq Ft Home
- Brick or Stone Mason
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Utilities
- Heating Available
Community Details
Overview
- 3 Units
- Old Frgrnds Historic Subdivision
Building Details
- Electric Expense $20
- Fuel Expense $500
- Insurance Expense $1,200
- Water Sewer Expense $1,800
- Operating Expense $500
- Gross Income $36,000
- Net Operating Income $32,500
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | For Sale | $385,000 | +120.0% | $160 / Sq Ft |
| 01/15/2021 01/15/21 | Sold | $175,000 | -7.8% | $76 / Sq Ft |
| 12/19/2020 12/19/20 | Pending | -- | -- | -- |
| 12/14/2020 12/14/20 | For Sale | $189,900 | +40.7% | $82 / Sq Ft |
| 04/30/2019 04/30/19 | Sold | $135,000 | -4.7% | $58 / Sq Ft |
| 02/12/2019 02/12/19 | Pending | -- | -- | -- |
| 02/07/2019 02/07/19 | For Sale | $141,637 | -- | $61 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Similar Home in Allentown, PA
Source: Greater Lehigh Valley REALTORS®
MLS Number: 761414
APN: 640722258669-1
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