$395,000
PENDING $15K PRICE INCREASE

514 N 5th St Allentown, PA 18102

Center City Neighborhood

Estimated payment $2,344/month

6 Beds
3 Baths
2,928 Sq Ft
$135 Price per Sq Ft

Highlights

  • Attached Garage
  • Brick or Stone Mason
  • Heating Available

About This Home

Investor’s Delight! Don’t miss this spacious 3-unit apartment building offering strong positive cash flow. Each apartment is just under 1,000 sq. ft., providing comfortable living space for tenants. Recent updates include brand-new replacement windows and siding, ensuring a low-maintenance exterior and reduced heating costs for years to come. The property has passed annual HUD inspections, demonstrating consistent upkeep and compliance. Additional income opportunity: the garage rents for $150/month. A solid investment with great potential and minimal upkeep — perfect for both new and seasoned investors!

Listing Agent

Ines Echevarria

Mountain Top Real Estate Listed on: 11/10/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,144

Year Built

  • Built in 1900

Parking

  • Attached Garage

Home Design

  • Brick or Stone Mason
  • Vinyl Siding

Interior Spaces

  • 2,928 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Heating Available

Community Details

Overview

  • 3 Units
  • Old Frgrnds Historic Subdivision

Building Details

  • Electric Expense $200
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $5,161
  • Gross Income $40,800
  • Net Operating Income $35,639

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,144

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Stories: 3
  • Year Built: 1900
  • LotSizeAcres: 0.04
  • Lot Size: 15.87 X 110
  • Co List Office Mls Id: MTRE
  • Subdivision Name: Old Frgrnds Historic
  • Year Built Details: Unknown
  • PropertySubTypeAdditional: Apartment,Single Family Residence
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Living Area: 2928.0
  • Stories: 3

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Property Condition: Unknown

Garage/Parking

  • Parking Features: Attached, Garage

Utilities

  • Cooling: Wall/Window Unit(s)
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Operating Expense: 5161.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Lot Size Sq Ft: 1746.0
  • Zoning: R-MH

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 200.0
  • Insurance Expense: 1200.0
  • Property Net Operating Income: 35639.0

Tax Info

  • Tax Annual Amount: 3143.62

Map

Range of Values:

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Average Value
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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
11/14/2025 11/14/25 Pending -- -- --
11/14/2025 11/14/25 For Sale $395,000 0.0% $135 / Sq Ft
11/12/2025 11/12/25 Price Changed $395,000 -- $135 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 767871

Greater Lehigh Valley REALTORS®

APN: 640703947384-1

Pennsylvania Lehigh County Allentown 18102 Center City

514 N 5th St, Allentown, PA

Pending

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.

Nearby Homes
Listing Agent
Ines Echevarria
Section Image
Mountain Top Real Estate
(610) 570-1297