Seller's Agent in 2022
Paula Meilinger
BHHS Fox & Roach
(610) 739-0545
4 in this area
91 Total Sales
442 N 5th St Allentown, PA 18102
Center City Neighborhood
8
Beds
8
Baths
8,400
Sq Ft
1892
Built
About This Home
As of July 2022442 N 5th St has 8 LARGE AND UPDATED 1 bedroom units with a secure and gated parking lot for the tenants. 6 units have been recently RENOVATED with NEW KITCHENS, BATHROOMS,FLOORING, WINDOWS, NEW FRONT DOOR and NEW RUBBER ROOF completed 2021! GROSS INCOME~ $89220 ~ 5.9% CAP RATE with units paying below market rent for location and additional parking rent. The units are light and bright with high ceilings generous size rooms and good storage. The complex has been well maintained and cared for and shows nicely. 7.3 CAP with MARKET RENTS, Some UNITS could be RECONFIGURED to be TWO BEDROOM UNITS and have capacity to have washer/dryers in units. The building is located in a very residential part of the city with a playground and park near by and is also close to PPL Center, restaurants, transportation, shopping and schools. SEE VIDEO and schedule a appointment! Please contact for showings and provide Proof of Funds
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $10,372
Year Built
- Built in 1892
Home Design
- Brick Exterior Construction
Interior Spaces
- 8,400 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Full Bathrooms
Parking
- 9 Parking Spaces
- Paved Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 640713024485001
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $600
- Insurance Expense $1,640
- Trash Expense $3,000
- Water Sewer Expense $2,200
- Operating Expense $17,812
- Gross Income $89,220
- Net Operating Income $69,624
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2022 07/29/22 | Sold | $900,000 | -14.3% | $107 / Sq Ft |
| 04/30/2022 04/30/22 | Pending | -- | -- | -- |
| 04/14/2022 04/14/22 | Price Changed | $1,050,000 | -11.0% | $125 / Sq Ft |
| 03/20/2022 03/20/22 | For Sale | $1,180,000 | +57.3% | $140 / Sq Ft |
| 05/13/2020 05/13/20 | Sold | $750,000 | 0.0% | $89 / Sq Ft |
| 03/18/2020 03/18/20 | Pending | -- | -- | -- |
| 03/09/2020 03/09/20 | For Sale | $750,000 | -- | $89 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Paula Meilinger
-
Sean LaSalle
Seller Co-Listing Agent in 2022
Sean LaSalle
Keller Williams Allentown
(610) 737-5369
8 in this area
231 Total Sales
-
N
Buyer's Agent in 2022
Nathaniel Singley
BHHS Fox & Roach
(484) 264-3238
3 in this area
10 Total Sales
-
C
Seller's Agent in 2020
Charalambos Papageorgiou
Emerald Realty Group
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 689518
APN: 640713024485-1
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