USAPAAllentownNot in Development744 N 5Th St
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744 N 5Th St, Allentown, PA

Condo

For Sale

Listed price in listed location currency (USD).
$415,000

334

MLS® 776024

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 2205 sqft
Garage 
HOA Fees 
Taxes $2,437
Days Active 1
Approx. Age 1900
Avg. Price Per Sqft $188
MLS® Number 776024

Property Address: 744 N 5th St, Allentown, PA, 18102-2420

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number776024
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1900
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 6, 2026List Date
$415,000List Price
  • Commute

Commute

Starting Address
Destination Address
744 N 5Th St, Allentown, PA

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