$425,000
SOLD APR 21, 2022
5 Beds
5 Baths
2,824 Sq Ft
2,204 Sq Ft Lot

Recently Sold

$150 Per Sq Ft

6% Above List Price

10 Days on Market

About This Home

As of March 2024

Fully occupied FIVE units in the Heart of Allentown. The tenants pay for their electricity & heat usage. The building consists of one efficiency, four one-bedroom apartments. One unit is on two floors. There are two parking spaces in the rear for additional income. Additional photos can be provided.

Last Agent to Sell the Property

Jessie Cevallos

BetterHomes&GardensRE/Cassidon Listed on: 01/29/2022

BetterHomes&GardensRE/Cassidon

Last Buyer's Agent

Jessie Cevallos

BetterHomes&GardensRE/Cassidon Listed on: 01/29/2022

BetterHomes&GardensRE/Cassidon

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,364

Year Built

  • Built in 1900

Lot Details

  • 2,204 Sq Ft Lot
  • Lot Dimensions are 20x110

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,824 Sq Ft Home
  • 3-Story Property
  • Fire Escape

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 640609559401001

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $1,030
  • Insurance Expense $2,870
  • Maintenance Expense $6,340
  • Water Sewer Expense $1,254
  • Gross Income $44,280
  • Net Operating Income $34,762

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,364

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 141800.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Features: Fire Escape
  • Bathrooms: Semi Modern
  • Bathrooms: 5
  • Full Bathrooms: 5
  • Bedrooms: 5
  • Square Footage: 2824

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 2

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 1030
  • Insurance: 2870
  • Water Sewer: 1254

Condo/Co-op/Association

  • Maintenance Repair: 6340

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.051
  • Lot Dimensions: 20X110
  • Lot Sq Ft: 2204
  • Zoning Code: R-H-HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 640609559401001
  • County Taxes: 536.00
  • Municipal Taxes: 778.00
  • Total Taxes: 4364.00

Multi Family

  • School Taxes: 3049.00
  • Total Units: 5
  • Total Unit Count: 5

Range of Values:

Collateral Analytics

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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
03/06/2024 03/06/24 Sold $460,000 -3.1% $163 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
12/22/2023 12/22/23 Price Changed $474,900 -5.0% $168 / Sq Ft
12/02/2023 12/02/23 Price Changed $499,900 -12.3% $177 / Sq Ft
11/20/2023 11/20/23 For Sale $569,900 +34.1% $202 / Sq Ft
04/21/2022 04/21/22 Sold $425,000 +6.3% $150 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
01/29/2022 01/29/22 For Sale $399,900 0.0% $142 / Sq Ft
02/28/2019 02/28/19 Rented $850 0.0% --
01/08/2019 01/08/19 For Rent $850 -- --
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: 686597

Greater Lehigh Valley REALTORS®