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744 N 5th St, Allentown, PA 18103

Allentown
Local realty services provided by:CENTURY 21 New Millennium
744 N 5th St,Allentown, PA 18103
$399,000
  • 3 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: james j reardon
Office: exp commercial
MLS#:PALH2015446
Source:BRIGHTMLS

Price summary

  • Price:$399,000

About this home

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...

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Home facts

  • Year built:1900
  • Listing ID #:PALH2015446
  • Added:58 day(s) ago
  • Updated:July 03, 2026 at 02:22 PM

Rooms and interior

  • Bedrooms:3
  • Basement:Yes
  • Basement Description:Outside Entrance, Poured Concrete, Side Entrance, Unfinished

Heating and cooling

  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Year built:1900
  • Lot area:0.04 Acres
  • Lot Features:Rural
  • Construction Materials:Brick
  • Exterior Features:Fire Escape, Outbuilding(s), Sidewalks, Street Lights
  • Foundation Description:Stone

Schools

  • High school:WILLIAM ALLEN

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,000
  • Tax amount:$2,418 (2025)

Parking

  • Parking description:Detached Garage, Garage - Rear Entry, On Street
  • Garage:Yes
  • Garage spaces:2

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