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About This Home
This 0-bedroom, 0-bathroom residential multi family at 744 N 5TH Street in Allentown, PA is listed for $399,000. Built in 1900, on a 0.04 acres lot.
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.
Key Features
- Built in 1900
- 0.04 acre lot
- 2 parking spaces
Property Details
Monthly Cost Estimate
$2,134/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
744 N 5TH Street
Allentown, PA 18103
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 744 N 5TH Street is listed at $399,000. The estimated monthly payment is $1,729 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.04 acre lot, 2 parking spaces.
This property is listed by james J Reardon and can be reached at 4848662495 or jimjrreardon@gmail.com.
