MLS#PALH2015446
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLALLENTOWN
Property Description
Fully occupied three-unit investment opportunity generating $40,500 in gross income and $33,933 in net income, offering immediate cash flow with additional upside. 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Outside Entrance, Poured Concrete, Side Entrance, Unfinished, Other
Basement: Yes
Cooling: None
Fuel Type: Electric
Garage: 2
Heating: Baseboard - Electric
Lot Size: 0.04 Acres
Taxes: $2,418
Year Built: 1900
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Exterior: Fire Escape, Outbuilding(s), Sidewalks, Street Lights, Other
Exterior: Brick
Location: Rural
Lot Dimensions: 0.04 Acre(S)
Municipality: ALLENTOWN CITY
One Bedroom Units: 3
Sewer: Public Sewer
Special View Info: City
Structure Type: End of Row/Townhouse
Total Garage/Parking Spaces: 2
Units: 3
Water: Public
Local Schools
High School: WILLIAM ALLEN
School District: ALLENTOWN
Listed By / Shown By
Listed By
Agency Name: eXp Commercial
Agency Phone: 8883977352
Shown By
Agent Name: Karen Risser
Agent Phone: (717) 673-9319
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,246.15 per month $923.61 Principal & Interest $201.50 Property Tax $121.04 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
744 N 5th Street | MLS# PALH2015446
This multi-family property located at 744 N 5th Street, Allentown, PA 18103 is currently listed for sale with an asking price of $415,000. N 5th Street is located within the ALLENTOWN school district. Search Allentown real estate on www.karenrisserrealtor.com today.