$625,000
SOLD JUL 11, 2025

427 N 5th St Allentown, PA 18102

Center City Neighborhood
10 Beds
6 Baths
4,340 Sq Ft
3,990 Sq Ft Lot

Recently Sold

$144 Per Sq Ft

7% Below List Price

60 Days on Market

About This Home

As of July 2025

Two side-by-side rowhomes, sold as a package, each with 3 fully occupied units (mix of 1- and 2-bedrooms). Total of 6 income-producing units in Old Historic Allentown Fairgrounds. Strong rental history and excellent cash flow potential. Ideal for investors seeking a stable, centrally located asset.

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty License #RM423820 Listed on: 05/12/2025

Last Buyer's Agent

karamjody karam

Morganelli Properties LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,539

Year Built

  • Built in 1880

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 4,340 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Additional Features

  • 3,990 Sq Ft Lot
  • Heating Available

Community Details

Overview

  • 6 Units
  • Old Frgrnds Historic Subdivision

Building Details

  • Electric Expense $720
  • Fuel Expense $912
  • Insurance Expense $1,570
  • Maintenance Expense $2,399
  • Professional Management Expense $3,936
  • Water Sewer Expense $3,200
  • Operating Expense $21,340
  • Gross Income $79,995
  • Net Operating Income $58,655

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,539

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Townhouse
  • Stories: 3
  • Year Built: 1880
  • LotSizeAcres: 0.092
  • Professional Management Expense: 3936.0
  • Co List Office Mls Id: STEEL
  • Subdivision Name: Old Frgrnds Historic
  • HumanModifiedYN: Yes
  • PropertySubTypeAdditional: Townhouse,Duplex
  • CurrentPrice: 625000.0
  • Special Features: None

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 10
  • Living Area: 4340.0
  • Stories: 3

Exterior Features

  • Construction Type: Brick

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Operating Expense: 21340.0
  • Annual Fuel Expense: 912.0
  • Annual Water Sewer Expense: 3200.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Lot Size Sq Ft: 3990.0
  • Zoning: R-MH

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 720.0
  • Insurance Expense: 1570.0
  • Maintenance Expense: 2399.0
  • Property Net Operating Income: 58655.0

Tax Info

  • Tax Annual Amount: 4539.49

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
07/11/2025 07/11/25 Sold $625,000 -7.4% $144 / Sq Ft
06/08/2025 06/08/25 Off Market $675,000 -- --
05/12/2025 05/12/25 For Sale $675,000 +321.9% $156 / Sq Ft
06/12/2020 06/12/20 Sold $160,000 0.0% $74 / Sq Ft View Prior Sale
05/20/2020 05/20/20 Pending -- -- --
04/25/2020 04/25/20 For Sale $160,000 +190.9% $74 / Sq Ft
05/10/2013 05/10/13 Sold $55,000 +4.0% $26 / Sq Ft View Prior Sale
02/15/2013 02/15/13 Pending -- -- --
01/29/2013 01/29/13 For Sale $52,900 -- $25 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jennifer de Jesus

    Seller's Agent in 2025

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    136 in this area

    401 Total Sales

    Jennifer de Jesus
    Section Image

  • k

    Buyer's Agent in 2025

    karamjody karam

    Morganelli Properties LLC

    3 in this area

    103 Total Sales

    karamjody karam
    Section Image

  • I

    Seller's Agent in 2020

    Iona Schwartz

    CENTURY 21 Keim Realtors

  • Rudy Amelio

    Seller's Agent in 2013

    Rudy Amelio

    Rudy Amelio Real Estate

    (610) 437-5501

    43 in this area

    383 Total Sales

    Rudy Amelio
    Section Image

  • M

    Seller Co-Listing Agent in 2013

    Megan Kalman

    Rudy Amelio Real Estate

    Section Image

  • D

    Buyer's Agent in 2013

    Denise Francois

    HomeSnipe Real Estate, LLC

    (484) 201-9358

    8 in this area

    25 Total Sales

    Denise Francois
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 757285

Greater Lehigh Valley REALTORS®

APN: 640713218176-1

Pennsylvania Lehigh County Allentown 18102 Center City

427 N 5th St, Allentown, PA

Sold

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