NOT LISTED FOR SALE

334 N Law St Allentown, PA 18102

Center City Neighborhood
10 Beds
6 Baths
3,528 Sq Ft
2,091 Sq Ft Lot

Last Sold July 18, 2024

Last sale price $470,000 $133 Per Sq Ft

6 Days on Market

About This Home

As of July 2024

***Highest & Best due Tuesday (6/11) by 6pm*** Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 10.25% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 10.25% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major roads, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach.

Last Agent to Sell the Property

Henrique Matos

IronValley RE of Lehigh Valley Listed on: 06/06/2024

IronValley RE of Lehigh Valley

Last Buyer's Agent

Matthew Ricchio

Keller Williams Allentown

Keller Williams Allentown

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,354

Year Built

  • Built in 1915

Lot Details

  • 2,091 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 3,528 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Utilities

  • No Cooling
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 640712055671001

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $500
  • Insurance Expense $1,225
  • Water Sewer Expense $1,500
  • Gross Income $57,600
  • Net Operating Income $48,575

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,354

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Duplex/Both Halves, Row-End Unit
  • County Assessment: 137300.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1915
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Bathrooms: 6
  • Full Bathrooms: 6
  • Bedrooms: 10
  • Square Footage: 3528

Exterior Features

  • Construction: Brick, Vinyl

Garage/Parking

  • Parking Spaces: 2

Utilities

  • Cooling: No Air
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Electric: 500
  • Insurance: 1225
  • Water Sewer: 1500

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.048
  • Lot Sq Ft: 2091
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 640712055671001
  • County Taxes: 518.99
  • Municipal Taxes: 725.88
  • Total Taxes: 4353.78

Multi Family

  • School Taxes: 3108.91
  • Total Units: 4
  • Total Unit Count: 4

MLS Schools

  • School District: Allentown

Range of Values:

Collateral Analytics

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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
07/18/2024 07/18/24 Sold $470,000 -1.9% $133 / Sq Ft
06/12/2024 06/12/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $479,000 +565.3% $136 / Sq Ft
08/29/2017 08/29/17 Sold $72,000 -17.2% $20 / Sq Ft
05/26/2017 05/26/17 Pending -- -- --
04/02/2017 04/02/17 For Sale $87,000 -- $25 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Henrique Matos

    Seller's Agent in 2024

    Henrique Matos

    IronValley RE of Lehigh Valley

    (484) 515-8705

    27 in this area

    76 Total Sales

    Henrique Matos
    Section Image
  • Matthew Ricchio

    Buyer's Agent in 2024

    Matthew Ricchio

    Keller Williams Allentown

    (484) 437-6600

    6 in this area

    118 Total Sales

    Matthew Ricchio
    Section Image
  • Dale Kessler

    Seller's Agent in 2017

    Dale Kessler

    Realty 365

    (484) 707-3201

    10 in this area

    264 Total Sales

    Dale Kessler
    Section Image

  • K

    Buyer's Agent in 2017

    Karim Fahmi

    Rudy Amelio Real Estate

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 739226

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

334 N Law St, Allentown, PA

This home is located at 334 N Law St, Allentown, PA 18102 since 06 June 2024. This property was built in 1915. 334 N Law St is a home located in Lehigh County with nearby schools including Central Elementary School, Francis D Raub Middle School, and William Allen High School.

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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