Bought with INDIRA A BAUTISTA • EXP Realty, LLC
$400,000
$406,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
2,031 Sqft Lot
SOLD DATE : 01/08/2026
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PALH2013324
Sold Date 01/08/26
Style Traditional
Year Built 1894
Annual Tax Amount $2,475
Tax Year 2025
Lot Size 2,031 Sqft
Acres 0.05
Lot Dimensions 18.00 x 115.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Fully occupied 2 unit investment property in the heart of Allentown delivered with Clear CO from the City of Allentown. Solid brick building. 8% cap at asking price Projections @ Full & self-managed . $41000 actual gross income. Keep it as an investment or live in one keep the other rented and live rent free. Nice finishes throughout. Vinyl flooring, no carpets. 1st floor is used as a two bedroom and has entrances from the front and the back. Apartment 2 is a three bedroom on floors 2 and 3. Garage is rented by the 1st floor tenants. Laundry in the building adds to the income. Recent sold Comp sales and income and expense justify the price. Dont miss out on this stabilized property. No work to be done here
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-H
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Laminate Plank
Fireplace N
Heat Source Electric
Exterior
Water Access N
View City
Accessibility 2+ Access Exits
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Allentown
Others
Tax ID 549679759478-00001
Ownership Fee Simple
Special Listing Condition Standard
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12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA