NOT LISTED FOR SALE

338 N 2nd St Allentown, PA 18102

1st Ward Neighborhood
5 Beds
3 Baths
2,600 Sq Ft
3,049 Sq Ft Lot

Last Sold November 08, 2024

Last sale price $295,000 $113 Per Sq Ft

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

Lot Details

  • 3,049

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

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Prior Sale
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 View Prior Sale
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

  • D

    Seller's Agent in 2024

    David Ribardo

    Keller Williams Allentown

    (609) 651-2558

    3 in this area

    113 Total Sales

    David Ribardo
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Sarah Sadler

    Keller Williams Allentown

    (610) 435-1800

    3 in this area

    64 Total Sales

    Sarah Sadler
    Section Image
  • Jamie Achberger

    Seller's Agent in 2022

    Jamie Achberger

    EXP Realty LLC

    (484) 494-2320

    1 in this area

    329 Total Sales

    Jamie Achberger
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 743058

Greater Lehigh Valley REALTORS®

APN: 640733458392-1

Pennsylvania Lehigh County Allentown 18102 1st Ward

338 N 2nd St, Allentown, PA

Not Listed for Sale

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