# 744 N 5TH Street, Allentown, PA 18103

> **TL;DR:** residential multi family, $399,000, built 1900. Est. $1,729/mo. Listed 27 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $399,000 |
| Year Built | 1900 |
| Lot Size | 1,799 sqft (0.04 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 27 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,729 |
| **Total** | **$1,729** |

## Nearby Schools

- **High:** WILLIAM ALLEN

## Property Highlights

- Built in 1900
- 0.04 acre lot
- 2 parking spaces

## Description

### 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.

## Location

- **Address:** 744 N 5TH Street, Allentown, PA 18103
- **County:** LEHIGH
- **Coordinates:** 40.61394, -75.47332
- **Google Maps:** https://www.google.com/maps?q=40.61394,-75.47332

## Listing Agent

- **Name:** james J Reardon
- **Brokerage:** eXp Commercial
- **Phone:** 4848662495
- **Email:** jimjrreardon@gmail.com

## Primary Photo

![744 N 5TH Street - Primary Photo](http://lh.rdcpix.com/e15c74e3840f4aaf66767402a0562729l-f2460960501r.jpg)

*34 total photos available on [listing page](https://www.propertysimple.com/listing/744-n-5th-street-allentown-pa-18103-h2015446)*

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**MLS#:** PALH2015446 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/744-n-5th-street-allentown-pa-18103-h2015446)

---

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