UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,205 sqft
Price per Sqft $188
Subdivision Not In Development
MLS Listing ID 776024
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,437
Lot Size 1,785 Sqft
Acres 0.041
Property Sub-Type Apartment
Property Description
The property consists of three spacious 1-bedroom units, a proven and efficient unit mix supported by consistent rental demand in the area.
All units are currently occupied on month-to-month leases, providing a new owner with full flexibility to increase rents to market and unlock additional value from day one.
Tenants pay electric heat (baseboard) and gas for cooking, both separately metered, while landlord expenses are limited to taxes, insurance, and water/sewer, resulting in a low-expense, efficient operating profile.
Situated on a corner lot, the property features a solid brick exterior, offering long-term durability and reduced maintenance. Additional income is generated from a garage, and the large basement presents clear value-add potential through coin-operated laundry and/or tenant storage.
The asset is located in a high-demand rental corridor, supporting strong occupancy and tenant retention.
Location
State PA
County Lehigh
Area Allentown-Central
Direction From Route 22, take the exit for Allentown and head south on N 5th Street. Continue on N 5th Street—744 N 5th Street will be on your right near the Center City area.
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Total Parking Spaces 4
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Senior Community No
Tax ID 640704469633 1
Special Listing Condition None