$675,000
SOLD MAY 16, 2025
-- Bed
-- Bath
3,632 Sq Ft
1900 Built

Recently Sold

$186 Per Sq Ft

6% Below List Price

33 Days on Market

Highlights

  • Brick or Stone Mason
  • Heating Available
  • 2-minute walk to Jackson Street Park

About This Home

As of May 2025

Excellent investment opportunity with value add. Fully occupied 6 unit building blocks from all new Allentown development: Moxy Hotel, Archer Music Hall, Da Vinci Science Center, PPL Center, and multiple high end City Center apartment complexes. 6 high demand apartments and two parking spots. Tenants pay all utilities except water and trash. Four apartment leases are month to month. With its prime location, there is a great opportunity to upgrade the apartments and raise rents. No mechanicals and efficient footprint make this a low maintenance property.

Last Agent to Sell the Property

Thomas Russotti

One Valley Realty LLC Listed on: 03/14/2025

Last Buyer's Agent

Thomas Russotti

One Valley Realty LLC Listed on: 03/14/2025

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,400

Year Built

  • Built in 1900

Parking

  • Off-Street Parking

Home Design

  • Brick or Stone Mason

Utilities

  • Heating Available

Community Details

Overview

  • 6 Units
  • Old Allentn Historic Subdivision

Building Details

  • Electric Expense $500
  • Insurance Expense $3,000
  • Maintenance Expense $3,000
  • Water Sewer Expense $2,000
  • Operating Expense $18,040
  • Gross Income $62,820
  • Net Operating Income $44,780

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,400

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Townhouse
  • Year Built: 1900
  • Co List Office Mls Id: TCGL
  • Subdivision Name: Old Allentn Historic
  • Year Built Details: Unknown
  • Special Features: None

Exterior Features

  • Construction Type: Brick
  • Property Condition: Unknown

Garage/Parking

  • Parking Features: Off Street

Utilities

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

Fee Information

  • Operating Expense: 18040.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Junior High Dist: Allentown

Lot Info

  • Zoning: R-H

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 500.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 44780.0

Tax Info

  • Tax Annual Amount: 5399.69

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

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $675,000 -6.3% $186 / Sq Ft
04/16/2025 04/16/25 Pending -- -- --
03/14/2025 03/14/25 For Sale $720,000 +188.0% $198 / Sq Ft
10/12/2016 10/12/16 Sold $250,000 -7.4% $625 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $270,000 0.0% $675 / Sq Ft
01/03/2012 01/03/12 Rented $495 0.0% --
01/03/2012 01/03/12 Under Contract -- -- --
11/08/2011 11/08/11 For Rent $495 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 753649

Greater Lehigh Valley REALTORS®