$305,000
SOLD APR 11, 2025

420 N 4th St Allentown, PA 18102

Center City Neighborhood
3 Beds
3 Baths
1,957 Sq Ft
2,226 Sq Ft Lot

Recently Sold

$156 Per Sq Ft

3% Below List Price

4 Days on Market

About This Home

As of April 2025

Multifamily Investment – 420 N. 4th St, Allentown, PASeize the opportunity to own 420 N. 4th St, a fully occupied three-unit multifamily property offering strong cash flow and growth potential in the heart of Allentown. With a high 9.07% cap rate, low operating expenses, and rents near market rates, this property is a prime investment for long-term returns.Financial Highlights: • Price: $315,000 ($105,000 per unit) • Current NOI: $28,574 | Pro Forma NOI: $29,568 • Current Cap Rate: 9.07% | Pro Forma Cap Rate: 9.39% • 100% occupancy with stable long-term tenants • Cash-on-Cash Return: 11.73% (current) | 12.99% (pro forma)Property Features: • 3 units: All one-bedroom, one-bath apartments • Newer roof (4 years old) • Public utilities & tenant-paid expenses, maximizing investor returns • RUBS system in place, offsetting natural gas utility costsInvestment Potential: • Market rents suggest additional income growth • Low operating expenses, maximizing net returns • Situated in a growing rental market with a projected 4.95% population growth within 1 mileThis turnkey, high-yield asset is an excellent addition to any investment portfolio. Schedule your private showing today!

Last Agent to Sell the Property

Frank Rinaldi

CENTURY 21 Pinnacle Listed on: 03/15/2025

CENTURY 21 Pinnacle

Last Buyer's Agent

Gary Elbert

Bellman & Radcliff

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,125

Year Built

  • Built in 1890

Lot Details

  • 2,226 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Converted Dwelling
  • Brick Exterior Construction

Interior Spaces

  • 1,957 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 640713823563001

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $450
  • Insurance Expense $1,050
  • Maintenance Expense $1,121
  • Manager Expense $3,082
  • Water Sewer Expense $1,519
  • Operating Expense $9,946
  • Gross Income $38,520
  • Net Operating Income $28,574

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,125

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Converted, Row/Townhouse
  • County Assessment: 65100.00
  • Stories: 3.0
  • Year Built: 1890
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 3
  • Square Footage: 1957

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 2

Utilities

  • Cooling: No Air
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Electric: 450
  • Insurance: 1050
  • Water Sewer: 1519

Condo/Co-op/Association

  • Lawn Snow Removal: 600
  • Maintenance Repair: 1121
  • Management: 3082

Fee Information

  • Operating Expense: 9946

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.051
  • Lot Sq Ft: 2226
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 640713823563001
  • County Taxes: 246.08
  • Municipal Taxes: 404.39
  • Total Taxes: 2124.54

Multi Family

  • School Taxes: 1474.07
  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: 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
04/11/2025 04/11/25 Sold $305,000 -3.2% $156 / Sq Ft
03/19/2025 03/19/25 Pending -- -- --
03/15/2025 03/15/25 For Sale $315,000 +83.7% $161 / Sq Ft
02/22/2021 02/22/21 Sold $171,500 +0.9% $88 / Sq Ft
12/26/2020 12/26/20 Pending -- -- --
12/20/2020 12/20/20 For Sale $169,900 +44.0% $87 / Sq Ft
03/15/2018 03/15/18 Sold $118,000 0.0% $60 / Sq Ft
02/10/2018 02/10/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $118,000 -- $60 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Frank Rinaldi

    Seller's Agent in 2025

    Frank Rinaldi

    CENTURY 21 Pinnacle

    (484) 788-8682

    11 in this area

    212 Total Sales

    Frank Rinaldi
    Section Image

  • G

    Buyer's Agent in 2025

    Gary Elbert

    Bellman & Radcliff

    (610) 393-1801

    36 in this area

    122 Total Sales

    Gary Elbert
    Section Image
  • Rennard Clayton

    Seller's Agent in 2021

    Rennard Clayton

    Coldwell Banker Hearthside

    (610) 737-8416

    20 in this area

    155 Total Sales

    Rennard Clayton
    Section Image
  • Eric Rothenberger

    Seller Co-Listing Agent in 2021

    Eric Rothenberger

    Better Homes&Gardens RE Valley

    (610) 730-3200

    20 in this area

    413 Total Sales

    Eric Rothenberger
    Section Image
  • Jennifer de Jesus

    Buyer's Agent in 2021

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    141 in this area

    429 Total Sales

    Jennifer de Jesus
    Section Image

  • A

    Buyer Co-Listing Agent in 2021

    Aisha Smith

    Coldwell Banker Hearthside

    (610) 714-2118

    19 in this area

    75 Total Sales

    Aisha Smith
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 753876

Greater Lehigh Valley REALTORS®

APN: 640713823563-1

Pennsylvania Lehigh County Allentown 18102 Center City

420 N 4th St, Allentown, PA

This home is located at 420 N 4th St, Allentown, PA 18102 and is currently priced at $305,000, approximately $155 per square foot. This property was built in 1890. 420 N 4th St is a home located in Lehigh County with nearby schools including Central Elementary School, Francis D Raub Middle School, and William Allen 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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