$160,000
SOLD APR 19, 2019

394 W Tilghman St Allentown, PA 18102

Center City Neighborhood
-- Bed
-- Bath
2,100 Sq Ft
1,620 Sq Ft Lot

Recently Sold

$76 Per Sq Ft

1 Day on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Electric Baseboard Heater

About This Home

As of April 2019

Investment Property showing a 13.3% Net Cap Rate. Renovated 3 unit conveniently located in Allentown, close to the up and coming proposed Waterfront, the PPL Center and downtown shops, restaurants and hotels. Tenants pay all electric and heat. Landlord pays water, sewer, trash and gas for water heater. Fully occupied with yearly leases and full deposits. Off-street parking for 2 cars.

Last Agent to Sell the Property

Jennifer DeJesus

Steel City Realty Listed on: 03/16/2019

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,919

Year Built

  • Built in 1910

Lot Details

  • 1,620 Sq Ft Lot
  • Lot Dimensions are 13.50 x 120.00

Home Design

  • Triplex
  • Traditional Architecture
  • Stucco

Interior Spaces

  • 2,100 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Gravel Driveway
  • Parking Lot

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for gas, water, sewer, trash collection, real estate taxes
  • Tax Lot 001
  • Assessor Parcel Number 640714653355-00001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,200
  • Trash Expense $1,080
  • Operating Expense $5,699
  • Net Operating Income $20,641

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,919

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1910
  • Remarks Public: Investment Property showing a 13.3% Net Cap Rate. Renovated 3 unit conveniently located in Allentown, close to the up and coming proposed Waterfront, the PPL Center and downtown shops, restaurants and hotels. Tenants pay all electric and heat. Landlord pays water, sewer, trash and gas for water heater. Fully occupied with yearly leases and full deposits. Off-street parking for 2 cars.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2100
  • Living Area Sq Ft: 2100
  • Price Per Sq Ft: 73.81
  • Above Grade Finished Sq Ft: 2100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 394

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Gravel Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 30.00
  • Central Air Conditioning: No
  • Gas Avg Month: 41.67
  • Gas Prev12 Months: 500.00
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 83
  • Water Previous Twelve Months: 1000.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: ALLENTOWN
  • School District Key: 300200397387
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 64000.00
  • Land Assessed Value: 4700.00
  • Land Use Code: 1141
  • Lot Size Acres: 0.04
  • Lot Dimensions: 13.50 x 120.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1620.00
  • Year Assessed: 2018
  • Zoning: R-MH

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Gas, Water, Sewer, Trash Collection, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 26430.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3945164
  • School Tax: 1355.00
  • Tax Annual Amount: 1919.00
  • Assessor Parcel Number: 640714653355-00001
  • Tax Lot: 001
  • Tax Total Finished Sq Ft: 2100
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 04/19/2019

Multi Family

  • Income Includes: Apartment Rentals
  • Operating Expense: 5699.00

MLS Schools

  • School District Name: ALLENTOWN

Range of Values:

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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
12/23/2023 12/23/23 Rented $895 0.0% --
12/07/2023 12/07/23 Price Changed $895 -8.2% $1 / Sq Ft
11/24/2023 11/24/23 For Rent $975 0.0% --
09/14/2023 09/14/23 Under Contract -- -- --
08/22/2023 08/22/23 Price Changed $975 -2.0% $1 / Sq Ft
07/26/2023 07/26/23 For Rent $995 0.0% --
04/24/2019 04/24/19 Sold $160,000 +3.2% $76 / Sq Ft
03/17/2019 03/17/19 Pending -- -- --
03/16/2019 03/16/19 For Sale $155,000 +6.9% $74 / Sq Ft
05/31/2018 05/31/18 Sold $145,000 -12.1% $69 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $165,000 +79.3% $79 / Sq Ft
06/01/2015 06/01/15 Sold $92,000 -25.8% $44 / Sq Ft
04/01/2015 04/01/15 Pending -- -- --
06/22/2014 06/22/14 For Sale $124,000 0.0% $59 / Sq Ft
02/01/2014 02/01/14 Rented $550 0.0% --
02/01/2014 02/01/14 Under Contract -- -- --
12/18/2013 12/18/13 For Rent $550 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jeremy Merwarth

    The Real Estate Firm&PropMngmt

    (484) 554-4214

    1 in this area

    24 Total Sales

    Section Image
  • Jennifer de Jesus

    Seller's Agent in 2019

    Jennifer de Jesus

    Steel City Realty LLC

    (610) 333-4250

    144 in this area

    437 Total Sales

    Section Image

  • (

    Buyer's Agent in 2019

    (Not a member of any Non-Realtor

    NON MEMBER

  • Joe McGavin

    Seller's Agent in 2015

    Joe McGavin

    Realty One Group Supreme

    (610) 442-4947

    7 in this area

    113 Total Sales

    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Laura Hill

    Keller Williams Northampton

    Section Image

  • E

    Seller's Agent in 2014

    Elizabeth Price

    IronValley RE of Lehigh Valley

    (484) 619-3496

    10 Total Sales

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALH110508

Bright MLS

APN: 640714653355-1

Pennsylvania Lehigh County Allentown 18102 Center City

394 W Tilghman St, Allentown, PA

This home is located at 394 W Tilghman St, Allentown, PA 18102 and is currently priced at $160,000, approximately $76 per square foot. This property was built in 1910. 394 W Tilghman 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.

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