$385,000
SOLD MAY 9, 2025
5 Beds
3 Baths
3,035 Sq Ft
2,788 Sq Ft Lot

Recently Sold

$127 Per Sq Ft

3% Above List Price

16 Days on Market

Highlights

  • Brick or Stone Mason
  • Heating Available
  • 4-minute walk to Allentown Arts Park

About This Home

As of May 2025

Multiple Offers receieved: Highest and Best 5pm Monday! Come check out this cash-flowing investment opportunity in the heart of Allentown! This fully occupied 3-unit multifamily property offers immediate rental income with long-term tenants in place and leased units generating strong returns. Tenants pay all their own utilites including water/sewer/trash! With very little overhead, this one is easy to maintain and will cash flow generously for years to come. Add this to your portfolio today!

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty Listed on: 03/24/2025

Last Buyer's Agent

Jesse Moyer

IronValley RE of Lehigh Valley

IronValley RE of Lehigh Valley

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,394

Year Built

  • Built in 1880

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 3,035 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Heating Available

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $312
  • Insurance Expense $1,543
  • Operating Expense $6,249
  • Gross Income $41,040
  • Net Operating Income $34,791

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,394

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Stories: 3
  • Year Built: 1880
  • LotSizeAcres: 0.064
  • Co List Office Mls Id: STEEL
  • Subdivision Name: Not in Development
  • Special Features: None

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Living Area: 3035.0
  • Stories: 3

Exterior Features

  • Construction Type: Brick

Utilities

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

Fee Information

  • Operating Expense: 6249.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Lot Size Sq Ft: 2788.0
  • Zoning: R-MH-MEDIUM HIGH DENSITY

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 312.0
  • Insurance Expense: 1543.0
  • Property Net Operating Income: 34791.0

Tax Info

  • Tax Annual Amount: 4394.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2025
Closed on
May 9, 2025
Sold by
Seabear Real Estate Llc
Bought by
Ramirez Jose A
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Jesse Moyer
IronValley RE of Lehigh Valley
List Price
$375,000
Sold Price
$385,000
Premium/Discount to List
$10,000
2.67%
Views
1
Current Estimated Value
$386,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,425
Avg. Annual Appreciation
0.92%
Original Mortgage
$288,750
Outstanding Balance
$288,242
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$98,067

Purchase Details

Listed on
Oct 31, 2018
Closed on
Jul 18, 2019
Sold by
Debiasse Adam
Bought by
Seabear Real Estate Llc
Seller's Agent
Kelly Cusick
Weichert Realtors - Allentown
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$184,900
Sold Price
$175,000
Premium/Discount to List
-$9,900
-5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.53%
Original Mortgage
$131,250
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 15, 2014
Closed on
Nov 5, 2014
Sold by
Fannie Mae
Bought by
Debiasse Adam
Seller's Agent
Dale Kessler
Realty 365
Buyer's Agent
Kelly Cusick
Weichert Realtors - Allentown
List Price
$58,000
Sold Price
$55,000
Premium/Discount to List
-$3,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.92%

Purchase Details

Closed on
Jan 31, 2014
Sold by
Suarez Mario
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 26, 2006
Sold by
Scott Clinton H and Scott Cindy L
Bought by
Suarez Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,110
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2004
Sold by
Kelly Stephen M and Kelly Mary F
Bought by
Kelly Stephen M

Purchase Details

Closed on
Jan 13, 1999
Sold by
Kelly Stephen R and Kelly Stephen M
Bought by
Kelly Stephen R and Stephen R Kelly Living Trust
Source: Public Records

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Deed $385,000 Iron Valley Abstract
Special Warranty Deed $175,000 Steel Abstract
Deed $55,000 Land Title Services
Sheriffs Deed -- None Available
Deed $157,900 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $288,750 New Conventional
Previous Owner $178,500 Commercial
Previous Owner $131,250 Commercial
Previous Owner $142,110 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 Sold $385,000 +2.7% $127 / Sq Ft
04/09/2025 04/09/25 Pending -- -- --
03/24/2025 03/24/25 For Sale $375,000 +114.3% $124 / Sq Ft
07/18/2019 07/18/19 Sold $175,000 -5.4% $58 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/21/2019 05/21/19 Price Changed $184,900 0.0% $61 / Sq Ft
05/21/2019 05/21/19 For Sale $184,900 -7.5% $61 / Sq Ft
01/08/2019 01/08/19 Pending -- -- --
10/31/2018 10/31/18 For Sale $199,900 +263.5% $66 / Sq Ft
11/07/2014 11/07/14 Sold $55,000 -5.2% $18 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $58,000 -- $19 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,394 $135,400 $11,200 $124,200
2024 $4,394 $135,400 $11,200 $124,200
2023 $4,394 $135,400 $11,200 $124,200
2022 $4,240 $135,400 $124,200 $11,200
2021 $4,155 $135,400 $11,200 $124,200
2020 $4,047 $135,400 $11,200 $124,200
2019 $3,981 $135,400 $11,200 $124,200
2018 $3,716 $135,400 $11,200 $124,200
2017 $3,622 $135,400 $11,200 $124,200
2016 -- $135,400 $11,200 $124,200
2015 -- $135,400 $11,200 $124,200
2014 -- $135,400 $11,200 $124,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 754237

Greater Lehigh Valley REALTORS®

APN: 640712905019-1