$250,000
SOLD APR 9, 2024 RENTED JAN 1, 2025

736 N 9th St Allentown, PA 18102

Center City Neighborhood
3 Beds
2 Baths
1,539 Sq Ft
1,246 Sq Ft Lot

Recently Sold

$162 Per Sq Ft

4% Below List Price

42 Days on Market

About This Home

As of April 2024

PROJECTED $31200 gross and $25200 net income over 10% cap rate 2-unit investment property in the Heart of Allentown. Property comes with 100% clear CO from the city of Allentown. 1st floor renovated one bedroom unit with access to the yard will be left vacant form showings. Seller could rent it after there is an agreement. 2nd floor is month to month at $1250 in a large 2-bedroom apartment which can be rented at $1475. The savvy investor can easily exceed these projected numbers The heat and electric are all separated, and you can charge them for water/sewer. Buyer does not need to worry about any city repairs, just get the rents where they can be and have great cash flowing property. Leaving unit vacant has tenants lined up for $1150. People who do not think we can get these rents don't get the market. Great rental market! Come take advantage. Rental in the area do not stay vacant

Last Agent to Sell the Property

Joshua Schoenberger

EXP Realty LLC Listed on: 01/19/2024

EXP Realty LLC

Last Buyer's Agent

Michael Daly

Realty One Group Supreme

Realty One Group Supreme

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,390

Year Built

  • Built in 1902

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Site Parking

Utilities

  • No Cooling
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • 1,246 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 549783485071 1

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $250
  • Insurance Expense $1,100
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,500
  • Operating Expense $4,650
  • Gross Income $31,800
  • Net Operating Income $27,100

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,390

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 74500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • Year Built: 1902
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Off Site
  • Parking Spaces: 2

Utilities

  • Cooling: No Air
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Electric: 250
  • Insurance: 1100
  • Water Sewer: 1500

Condo/Co-op/Association

  • Maintenance Repair: 1000

Fee Information

  • Operating Expense: 4650

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.029
  • Lot Sq Ft: 1246
  • Zoning Code: R-MH

Tax Info

  • Assessor Parcel Number: 549783485071 1
  • Total Taxes: 2390.00
  • Taxes: 7450

Multi Family

  • Total Units: 2
  • Total Unit Count: 2

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
Apr 4, 2024
Sold by
Ideal Management Group Llc
Bought by
Smith Rory and Sussman Carter Samuel
Seller's Agent
Joshua Schoenberger
EXP Realty LLC
Buyer's Agent
Michael Daly
Realty One Group Supreme
List Price
$260,000
Sold Price
$250,000
Premium/Discount to List
-$10,000
-3.85%
Total Days on Market
42
Views
119
Current Estimated Value
$248,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,754
Avg. Annual Appreciation
-0.62%
Original Mortgage
$187,500
Outstanding Balance
$185,551
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$62,695

Purchase Details

Closed on
Jun 20, 2023
Sold by
Hunsicker Donald E
Bought by
Ideal Management Group Llc
Source: Public Records

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Range of Values:

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Average Value
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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

Purchase History

Date Type Sale Price Title Company
Deed $250,000 None Listed On Document
Special Warranty Deed $155,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $187,500 New Conventional
Previous Owner $210,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2025 01/01/25 Rented $1,200 0.0% --
12/27/2024 12/27/24 Under Contract -- -- --
12/10/2024 12/10/24 For Rent $1,200 0.0% --
04/09/2024 04/09/24 Sold $250,000 0.0% $162 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
03/01/2024 03/01/24 Price Changed $250,000 +1.2% $162 / Sq Ft
02/07/2024 02/07/24 Price Changed $247,000 -5.0% $160 / Sq Ft
01/19/2024 01/19/24 For Sale $260,000 -- $169 / 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 $2,390 $74,500 $4,700 $69,800
2024 $2,390 $74,500 $4,700 $69,800
2023 $2,390 $74,500 $4,700 $69,800
2022 $2,305 $74,500 $69,800 $4,700
2021 $2,258 $74,500 $4,700 $69,800
2020 $2,199 $74,500 $4,700 $69,800
2019 $2,162 $74,500 $4,700 $69,800
2018 $2,023 $74,500 $4,700 $69,800
2017 $1,971 $74,500 $4,700 $69,800
2016 -- $74,500 $4,700 $69,800
2015 -- $74,500 $4,700 $69,800
2014 -- $74,500 $4,700 $69,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jason Ferkh

    Krieger Real Estate LLC

    (610) 866-4423

    4 in this area

    37 Total Sales

    Jason Ferkh
    Section Image

  • K

    Seller Co-Listing Agent in 2025

    Kelly Smith

    Krieger Real Estate LLC

    (484) 460-2668

    7 in this area

    25 Total Sales

    Kelly Smith
    Section Image

  • J

    Seller's Agent in 2024

    Joshua Schoenberger

    EXP Realty LLC

    (888) 397-7352

    9 in this area

    30 Total Sales

    Joshua Schoenberger
    Section Image

  • M

    Buyer's Agent in 2024

    Michael Daly

    Realty One Group Supreme

    (610) 248-0816

    4 in this area

    18 Total Sales

    Michael Daly
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 730861

Greater Lehigh Valley REALTORS®

APN: 549783485071-1

Pennsylvania Lehigh County Allentown 18102 Center City

736 N 9th St, Allentown, PA

This home is located at 736 N 9th St, Allentown, PA 18102 and is currently priced at $250,000, approximately $162 per square foot. This property was built in 1902. 736 N 9th St is a home located in Lehigh County with nearby schools including Washington Elementary School, Trexler 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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