NOT LISTED FOR SALE

347 N 2nd St Allentown, PA 18102

1st Ward Neighborhood
-- Bed
-- Bath
5,264 Sq Ft
3,441 Sq Ft Lot

Last Sold August 30, 2024

Last sale price $507,000 $96 Per Sq Ft

7 Days on Market

Highlights

  • Commercial or Retail Space
  • Central Air
  • Heating Available

About This Home

As of August 2024

Mix-use (3) three-unit investment property available for sale in Allentown. Two long-term tenants fully occupy the building, and the third unit offers the potential for additional rental income or owner-occupation. The ground-level commercial is leased by a long-term convenience store with further options for renewal. All units are separately metered, with the potential to increase rents. Located in a vibrant residential area on 2nd and Gordon St, near the newly constructed Jaindl Enterprises Waterfront mixed-use class A building. The property's value is further enhanced by its strategic location in a neighborhood set to benefit from Allentown's Vision 2030 initiative.
Contact us today for further details.

Last Agent to Sell the Property

Ayon Codner

Keller Williams Allentown Listed on: 07/18/2024

Keller Williams Allentown

Last Buyer's Agent

Elias Aoun

Equity Lehigh Valley LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,695

Year Built

  • Built in 1890

Lot Details

  • 3,441 Sq Ft Lot

Home Design

  • 5,264 Sq Ft Home
  • Commercial or Retail Space
  • Brick Exterior Construction

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 640733661789001

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $726
  • Trash Expense $814
  • Water Sewer Expense $200
  • Operating Expense $11,039
  • Gross Income $54,817
  • Net Operating Income $41,037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,695

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 208300.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1890
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Square Footage: 5264

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Central AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 726
  • Trash Removal: 814
  • Water Sewer: 200

Fee Information

  • Operating Expense: 11039

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.079
  • Lot Sq Ft: 3441
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 640733661789001
  • County Taxes: 787.37
  • Municipal Taxes: 1190.89
  • Total Taxes: 6694.84

Multi Family

  • School Taxes: 4716.58
  • Total Units: 3
  • Total Unit Count: 3

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 Change Sq Ft Price
08/30/2024 08/30/24 Sold $507,000 0.0% $96 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $507,000 -- $96 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ayon Codner

    Seller's Agent in 2024

    Ayon Codner

    Keller Williams Allentown

    (210) 816-2966

    2 in this area

    50 Total Sales

    Ayon Codner
    Section Image

  • E

    Buyer's Agent in 2024

    Elias Aoun

    Equity Lehigh Valley LLC

    (610) 398-0411

    3 in this area

    30 Total Sales

    Elias Aoun
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 741945

Greater Lehigh Valley REALTORS®
Pennsylvania Lehigh County Allentown 18102 1st Ward

347 N 2nd St, Allentown, PA

This home is located at 347 N 2nd St, Allentown, PA 18102 since 18 July 2024. This property was built in 1890. 347 N 2nd St is a home located in Lehigh County with nearby schools including Sheridan Elementary School, Harrison-Morton Middle School, and Louis E. Dieruff 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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