NOT LISTED FOR SALE

323 N 8th St Allentown, PA 18102

Center City Neighborhood
12 Beds
7 Baths
6,146 Sq Ft
1870 Built

Last Sold October 31, 2024

Last sale price $740,000 $120 Per Sq Ft

24 Days on Market

About This Home

As of October 2024

Attention astute investors! Exceptional opportunity to own this 7 unit in Allentown. Unit mix is as folllows: 4- 1 bedrooms, 1- 2 bedroom, 2- 3bedrooms. Landlord pays water/sewer/ trash. Tenants pay electric and gas heat & cooking. Priced competitively at $750,000, this investment offers a lucrative return. Take advantage of this opportunity to secure a reliable income stream with minimal hassle in a prime location.

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty Listed on: 05/18/2024

Last Buyer's Agent

Nick Smith

Coldwell Banker Hearthside License #RS291732

Coldwell Banker Hearthside

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,203

Year Built

  • Built in 1870

Parking

  • 7 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 6,146 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 549791992729001

Community Details

Overview

  • 7 Units
  • Old Allentn Historic Subdivision

Building Details

  • Electric Expense $900
  • Insurance Expense $2,159
  • Maintenance Expense $3,843
  • Manager Expense $4,804
  • Trash Expense $2,625
  • Water Sewer Expense $1,733
  • Operating Expense $26,267
  • Gross Income $96,084
  • Net Operating Income $69,817

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,203

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 304500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1870
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: 7
  • Full Bathrooms: 7
  • Bedrooms: 12
  • Square Footage: 6146

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 7

Utilities

  • Cooling: No Air
  • Heat Type: Forced Air, Hot Water
  • Sewer: Public
  • Water: Public
  • Electric: 900
  • Insurance: 2159
  • Trash Removal: 2625
  • Water Sewer: 1733

Condo/Co-op/Association

  • Maintenance Repair: 3843
  • Management: 4804

Fee Information

  • Operating Expense: 26267

Lot Info

  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 549791992729001
  • County Taxes: 1151.01
  • Municipal Taxes: 2157.44
  • Total Taxes: 10203.30

Multi Family

  • School Taxes: 6894.85
  • Total Units: 7
  • Total Unit Count: 7

MLS Schools

  • School District: Allentown

Range of Values:

Collateral Analytics

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ICE

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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 List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $740,000 -1.3% $120 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/18/2024 05/18/24 For Sale $750,000 0.0% $122 / Sq Ft
05/26/2023 05/26/23 Rented $1,260 0.0% --
05/23/2023 05/23/23 Under Contract -- -- --
05/23/2023 05/23/23 Price Changed $1,260 +5.0% $2 / Sq Ft
05/03/2023 05/03/23 Price Changed $1,200 -15.8% $2 / Sq Ft
05/01/2023 05/01/23 For Rent $1,425 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jennifer de Jesus

    Seller's Agent in 2024

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    139 in this area

    410 Total Sales

    Jennifer de Jesus
    Section Image
  • Nick Smith

    Buyer's Agent in 2024

    Nick Smith

    Coldwell Banker Hearthside

    (610) 751-8280

    4 in this area

    249 Total Sales

    Nick Smith
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 737079

Greater Lehigh Valley REALTORS®
Pennsylvania Lehigh County Allentown 18102 Center City

323 N 8th St, Allentown, PA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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