NOT LISTED FOR SALE

949 N 19th St Allentown, PA 18104

West End Allentown Neighborhood
18 Beds
16 Baths
10,660 Sq Ft
4,800 Sq Ft Lot

Last Sold April 21, 2023

Last sale price $2,100,000 $197 Per Sq Ft

13 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • Laundry Facilities
  • Balcony
  • Baseboard Heating

About This Home

As of April 2023

Beautiful and solid brick 16 unit apartment property in the west end of Allentown on N 19th Street. The building consists of 3 studios, 11 one bedrooms, and 2 two bedroom apartments. Important to note that 10 of the 16 apartments have been renovated with new kitchens (with granite countertops and stainless appliances), as well as upgraded bathrooms. Solid wood floors exposed and refinished in renovated apartments where available. New electrical service, panels, and electric baseboard installed in all units in 2018. Sidewalks all redone. Current gross income is $207,880 with NOI at $144,129 (accounting for management and maintenance). Proforma gross income is closer to $238,000 with proforma NOI at $171,443. Building is fully occupied with tenants paying under market rent. 10 of the units are Month to Month, so it would be easy for a new owner to increase the rent roll quickly. Very little turnover in this building, as most tenants have been in place for years. Lot of potential!

Last Agent to Sell the Property

Nick Spade

Spade Property Management Inc. License #RM424449 Listed on: 09/19/2022

Last Buyer's Agent

Austin Brown

Realty One Group Supreme

Realty One Group Supreme

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $23,748

Year Built

  • Built in 1930

Lot Details

  • 4,800 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 10,660 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 16 Full Bathrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 549722392470 1

Community Details

Building Details

  • Electric Expense $975
  • Insurance Expense $4,923
  • Maintenance Expense $6,400
  • Manager Expense $5,933
  • Other Expense $12,804
  • Trash Expense $2,544
  • Water Sewer Expense $5,008
  • Gross Income $207,880
  • Net Operating Income $144,129

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$23,748

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 709800.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1930
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Balcony, Central Laundry, Hardwood, Patio
  • Bathrooms: Modern, Semi Modern
  • Bathrooms: 16
  • Full Bathrooms: 16
  • Bedrooms: 18
  • Square Footage: 10660

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Wall AC, Window AC
  • Heat Type: Baseboard
  • Sewer: Public
  • Water: Public
  • Electric: 975
  • Gas: 1915
  • Insurance: 4923
  • Trash Removal: 2544
  • Water Sewer: 5008

Condo/Co-op/Association

  • Lawn Snow Removal: 1600
  • Maintenance Repair: 6400
  • Management: 5933

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.110
  • Lot Sq Ft: 4800
  • Zoning Code: R-M

Rental Info

  • Other Expenses: 12804

Tax Info

  • Assessor Parcel Number: 549722392470 1
  • County Taxes: 2683.00
  • Municipal Taxes: 4993.00
  • Total Taxes: 23748.00

Multi Family

  • School Taxes: 16072.00
  • Total Units: 16
  • Total Unit Count: 16

Range of Values:

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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
04/21/2023 04/21/23 Sold $2,100,000 -8.7% $197 / Sq Ft
10/02/2022 10/02/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $2,299,000 -- $216 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nick Spade

    Spade Property Management Inc.

    (610) 439-8280

    6 in this area

    46 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Austin Brown

    Realty One Group Supreme

    (610) 321-3730

    16 in this area

    149 Total Sales

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 701671

Greater Lehigh Valley REALTORS®

Pennsylvania Lehigh County Allentown 18104 West End Allentown

949 N 19th St, Allentown, PA

This home is located at 949 N 19th St, Allentown, PA 18104 since 19 September 2022. This property was built in 1930. 949 N 19th St is a home located in Lehigh County with nearby schools including Muhlenberg 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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