
338 N 2nd St Allentown, PA 18102
1st Ward NeighborhoodAbout This Home
As of November 2024Check out an exceptional investment with this well-maintained three-unit rental property located in the heart of Allentown. Ideal for seasoned investors or those just starting their portfolio; this property offers steady rental income and long-term potential. Two units have been fully renovated within the past year and the third presents the opportunity to value add. Tenants pay all utilities and this property will be sold with a clear CO.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,140
Year Built
- Built in 1870
Home Design
- 2,600 Sq Ft Home
- Brick Exterior Construction
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 640733458392 001
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $1,300
- Maintenance Expense $5,000
- Manager Expense $2,600
- Trash Expense $500
- Operating Expense $15,000
- Gross Income $37,000
- Net Operating Income $21,000
Similar Homes in Allentown, PA
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
11/08/2024 11/08/24 | Sold | $295,000 | -14.5% | $113 / Sq Ft |
10/19/2024 10/19/24 | Pending | -- | -- | -- |
09/05/2024 09/05/24 | Price Changed | $345,000 | 0.0% | $133 / Sq Ft |
09/05/2024 09/05/24 | For Sale | $345,000 | -1.4% | $133 / Sq Ft |
08/28/2024 08/28/24 | Pending | -- | -- | -- |
08/23/2024 08/23/24 | For Sale | $350,000 | 0.0% | $135 / Sq Ft |
08/16/2024 08/16/24 | Pending | -- | -- | -- |
08/07/2024 08/07/24 | For Sale | $350,000 | +79.5% | $135 / Sq Ft |
04/27/2022 04/27/22 | Sold | $195,000 | -2.5% | $73 / Sq Ft |
03/09/2022 03/09/22 | Pending | -- | -- | -- |
03/05/2022 03/05/22 | Price Changed | $200,000 | -9.1% | $75 / Sq Ft |
02/24/2022 02/24/22 | For Sale | $220,000 | -- | $82 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
D
Seller's Agent in 2024
David Ribardo
Keller Williams Allentown
(609) 651-2558
3 in this area
111 Total Sales
-
S
Seller Co-Listing Agent in 2024
Sarah Sadler
Keller Williams Allentown
(610) 435-1800
3 in this area
59 Total Sales
-
Seller's Agent in 2022
Jamie Achberger
EXP Realty LLC
(484) 494-2320
1 in this area
317 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 743058

APN: 640733458392-1
- 176 W Gordon St
- 418 Spruce St
- 435 Bellevue St
- 428 N Limestone St
- 121 W Gordon St
- 431 N Railroad St
- 516 N 2nd St
- 221 Ridge Ave
- 308 W Liberty St
- 222 N Front St
- 127 N Bryan St
- 615 N 2nd St
- 611 N Limestone St
- 21 W Liberty St
- 172 W Tilghman St
- 522 N Jordan St
- 172 W Green St
- 1045 N 2nd St
- 201 N 4th St
- 701 N Jordan St