$295,000
SOLD NOV 8, 2024
5 Beds
3 Baths
2,600 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$113 Per Sq Ft

14% Below List Price

73 Days on Market

About This Home

As of November 2024

Check 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.

Last Agent to Sell the Property

David Ribardo

Keller Williams Allentown Listed on: 08/07/2024

Keller Williams Allentown

Co-Listed By

Sarah Sadler

Keller Williams Allentown

Last Buyer's Agent

David Ribardo

Keller Williams Allentown Listed on: 08/07/2024

Keller Williams Allentown

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,140

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Row/Townhouse
  • County Assessment: 129700.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1870
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Square Footage: 2600

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard
  • Sewer: Public
  • Water: Public
  • Insurance: 1300
  • Trash Removal: 500

Condo/Co-op/Association

  • Maintenance Repair: 5000
  • Management: 2600

Fee Information

  • Operating Expense: 15000

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: R-Mh-Medium High Density Residential

Tax Info

  • Assessor Parcel Number: 640733458392 001
  • Taxes: 4140

Multi Family

  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: Allentown

Similar Homes in Allentown, PA

  • 2960 Klein St, Allentown, PA 18103

    $249,900

    • 3 Beds
    • 2 Baths
    • 1,080 Sq Ft
    • 2960 Klein St
    • Allentown, PA

    Renovated End-Unit Townhome with South Mountain Views! Welcome to 2960 Klein Street, a beautifully updated 3-bedroom, 1.5-bath end-unit townhome perched on a corner lot with scenic views along the South Mountain. This bright and stylish home offers modern living in a peaceful setting—just minutes from parks, shopping, and major routes.Step inside to find luxury plank flooring, fresh

    Jared Knaub RE/MAX Delta Group, Inc.

    Section Image
  • 221 Ridge Ave, Allentown, PA 18102

    $225,000

    • 4 Beds
    • 2 Baths
    • 1,768 Sq Ft
    • 221 Ridge Ave
    • Allentown, PA

    INVESTORS! HURRY to see this LARGE 3-story townhome just blocks from the Waterfront Project and the Booming East Central location. Walking distance to Boyle Park, America on Wheels and Amazon warehouse and LOTS of new construction! This PRIME location is set for continued growth in the next few years. This home has been updated the past few years with new flooring, fresh paint, electrical

    Diane Davidson Keller Williams Allentown

    Section Image
  • 392 W Tilghman St, Allentown, PA 18102

    $299,000

    • 3 Beds
    • 2 Baths
    • 1,950 Sq Ft
    • 392 W Tilghman St
    • Allentown, PA

    ATTENTION INVESTORS! FULLY OCCUPIED TWO UNIT! Property is located close to major highways, shopping and restaurants. New windows throughout. Current rents are to market but leases are month to month and room to asset manage or househack. Property is being sold "as is" and buyer is responsible for City of Allentown CO.

    Kristine McCreary-Williams Full CircleRealty&PropertyMgmt

    Section Image
  • 405 N 6th St, Allentown, PA 18102

    $250,000

    • 5 Beds
    • 1.5 Baths
    • 2,676 Sq Ft
    • 405 N 6th St
    • Allentown, PA

    Huge 5-Bedroom, 2-Bathroom Renovated Home in the Heart of Allentown! Welcome to your dream home! This newly renovated gem offers 5 generously sized bedrooms and 2 bathrooms, perfect for families or those who love extra space. Located in the heart of Allentown, you're just minutes from shops, restaurants, parks, and major transportation routes. Enjoy modern updates throughout, including a

    George DeJesus Coldwell Banker Hearthside

    Section Image
  • 527 N 6th St, Allentown, PA 18102

    $249,900

    • 6 Beds
    • 2 Baths
    • 2,936 Sq Ft
    • 527 N 6th St
    • Allentown, PA

    Welcome to this stunning Allentown historic district gem. 5 bedrooms and two full bath townhouse. Off-street parking for at least 2 vehicles. This property is ready for its next owner. Property is being sold as is. Schedule your showing today.

    Jose Lopez-Rocha Realty One Group Supreme

    Section Image
  • 824 N 5th St, Allentown, PA 18102

    $249,900

    • 6 Beds
    • 2.5 Baths
    • 1,940 Sq Ft
    • 824 N 5th St
    • Allentown, PA

    Beautiful 6 bedroom and 2.5 baths home in Allentown PA. Home has 2 car parking in the rear, fenced in backyard, oil heat and also comes with a Clear CO from the city of Allentown. New electric water heater was installed in 4/2024 and many more upgrades were done. The home has been well kept by the owner. Don't miss this opportuny to own this home for you and your wonderful family, make your

    Kelvin Diaz Allentown City Realty

    Section Image
  • 428 Hanover Ave, Allentown, PA 18109

    $229,900

    • 3 Beds
    • 1.5 Baths
    • 1,438 Sq Ft
    • 428 Hanover Ave
    • Allentown, PA

    Just Renovated, Move In Ready. This spacious 3 Bedroom 2 bathroom townhome boasts hardwood flooring, replacement windows, a brand new kitchen with abundant cabinetry, efficient, low cost natural gas heating and modern bathrooms/fixtures. Bonus room off of the rear bedroom for as a den/hobby room/storage. The basement is partially finished and suitable for use as an extra room. Walk out of the

    Gary Elbert Bellman & Radcliff

    Section Image
  • 614 W Greenleaf St, Allentown, PA 18102

    $259,900

    • 5 Beds
    • 1 Bath
    • 1,694 Sq Ft
    • 614 W Greenleaf St
    • Allentown, PA

    Charming & Spacious 5-Bedroom End-Unit Home in the Heart of Allentown! Welcome to this beautifully updated 3-story single-family end-of-row home offering generous space, thoughtful updates, and classic character throughout. With 5 bedrooms and 1 full bath, this home is perfect for those seeking both comfort and functionality. Step inside to discover new laminate flooring throughout, adding a

    Jamie Vega Ocasio I-DO Real Estate

    Section Image
  • 307 Barber St Unit Lot 43, Allentown, PA 18103

    $340,000

    • 3 Beds
    • 2.5 Baths
    • 1,505 Sq Ft
    • 307 Barber St
    • Unit Lot 43
    • Allentown, PA

    Newly built townhomes in a stunning location at the heart of a vibrant community! Surrounded by views of the city on one side and mountains on the other that will not disappoint. Each townhome features a first floor open concept floor plan with generously sized family rooms, storage and a half bathroom. All units include granite countertop kitchens with peninsula, family room has slider door

    Gina Clifton Better Homes&Gardens RE Valley

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 743058

Greater Lehigh Valley REALTORS®

APN: 640733458392-1