21 South Madison Street

Allentown, PA 18102

$299,900
Price
5
Beds
1
Bath
2,228 Sq. Ft.
$135 / Sq. Ft.
2,228
Sq. Ft.
$135
per Sq. Ft.

Description

Here’s your chance to be a part of Allentown's revitalization! Allentown 2-Unit, perfect for an investor or owner-occupant! This property features the perfect blend of historic elegance and contemporary updates. The well-designed layout offers comfortable living spaces & seamless flow, creating an inviting environment for occupants. Parking is always a priority, and ensures convenience 2 off street parking spaces in addition to on-street parking. Unit 1 is a 1 Bedroom and is rented for $1,100 per...Here’s your chance to be a part of Allentown's revitalization! Allentown 2-Unit, perfect for an investor or owner-occupant! This property features the perfect blend of historic elegance and contemporary updates. The well-designed layout offers comfortable living spaces & seamless flow, creating an inviting environment for occupants. Parking is always a priority, and ensures convenience 2 off street parking spaces in addition to on-street parking. Unit 1 is a 1 Bedroom and is rented for $1,100 per month & Unit 2 takes up the 2nd and 3rd floor and is a 4 Bedroom and is leased at $1,600 per month. This property guarantees steady & lucrative rental income, along with an affordable and comfortable way of living for an owner occupant. Tenants pay all utilities - Unit 1 is gas forced air and Unit 2 is baseboard electric. Rents are below market. Conveniently located near the heart of Allentown’s redevelopment shops, restaurants, parks, and major transportation routes. Just a few blocks from over 1 Billion Dollars of development including, the new Divinci Science Center, PPL Event Center, Archer Music Hall, Moxy Hotel, Restaurants, Retail, Nightlife, and so much more. Residents will enjoy easy access to all the amenities the area has to offer. This property is a must see!
  1. Listed by Andrew A. Ginsburg • BHHS Regency Real Estate

Property Details for 21 South Madison Street

Area
Allentown-Central
Sub division
Not in Development

Location

Listing Courtesy of BHHS Regency Real Estate
Add your commute
LISTING UPDATED: 04/19/2024 11:49 AM

Property Details for 21 South Madison Street

StatusUnder Agreement
MLS #736049
Days on Market6
Taxes$2,952 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1903
CountyLehigh County

Location

Listing Courtesy of BHHS Regency Real Estate
Add your commute

Building Information for 21 South Madison Street

Building/Complex21 S Madison StFloor-Stories3Residences2Pet Policy-Year Built1903Building Size-

Payment Calculator

$1,883 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,637

Property Taxes

$246

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21 South Madison Street

Summary
Location and General Information
  • Directions: From 15th Street - East on Hamilton - Right on Madison - Property on Right
  • School District: Allentown
Parking
  • Garage: Off & On Street
  • ParkingSpaces: 2
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $344.36
  • Lawn Snow Removal: $300
  • Maintenance Repair: $2,000
  • Management: 0
  • Municipal Taxes: $544.96
  • School Taxes: $2,062.80
  • Total Taxes: $2,952.12
Property
Lot Information
  • Acres: 0.049
  • APN: 549678579808001
  • Lot Dimensions: 21 x 100
  • Lot Size Source: Tax Records
  • Zoning Code: B1/R
Property and Assessments
  • County Assessment: $91,100.00
  • Property SubType Category: Apartment Style, Semi Detached/Twin
  • Square Footage Source: Tax Records
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 400
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 960
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Baths: Modern
  • Heat: $0
  • Heat Type: Baseboard, Electric, Forced Air, Gas, Hot Water
Multi Family
Multi-Family Information
  • Gross Income: $32,400.00
  • Insurance: $1,000
  • Net Income: $22,704.00
  • Operating Expense: $8,676
  • Other Expenses: $0
  • Trash Removal: 830
  • Total Unit Count: 2
  • Total Units: 2
Unit 1
  • Unit Total1 Bedroom: 1
Unit 4
  • Unit Total4 Bedrooms: 1

Property History for 21 South Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 21 South Madison Street

Taxable ValueLand$7,300Additions$83,800Total$91,100
Tax Record2024$2,952 ($246 / month)
Home Facts
Baths2Total Finished SqFt2,228 SqFtAbove Grade Finished SqFt2,228 SqFtStories3Lot Size2,130 SqFtStyleMulti-Family Res (5+ Units)Year Built1903ZoningB1/RCountyLEHIGHAPN549678579808-1

Schools near 21 South Madison Street

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Union Terrace El School
PublicK to 5

Francis D Raub Middle School
Public6 to 8

William Allen High School
Public9 to 12

Building 21 Allentown
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of BHHS Regency Real Estate

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.