318 North 16th Street

Allentown, PA 18102

$240,000
Last Sold Price
5
Beds
2
Baths
2,467 Sq. Ft.
$97 / Sq. Ft.
2,467
Sq. Ft.
$97
per Sq. Ft.

Description

Location! Walking distance to hospital and farmers market! Here's your chance to be part of Allentown's revitalization. Oversized West Allentown all brick property. Property features (2) 1 Bed 1 Bathroom Units on the 1st floor and 3rd floor and (3) Rooms rented individually month to month with a shared bathroom on the 2nd floor. Zoned as a 2 unit but operating as an apartment/rooming house combo but could easily be converted back to a 2 Unit. 1 car garage in rear. This is a great turn-key investment...Location! Walking distance to hospital and farmers market! Here's your chance to be part of Allentown's revitalization. Oversized West Allentown all brick property. Property features (2) 1 Bed 1 Bathroom Units on the 1st floor and 3rd floor and (3) Rooms rented individually month to month with a shared bathroom on the 2nd floor. Zoned as a 2 unit but operating as an apartment/rooming house combo but could easily be converted back to a 2 Unit. 1 car garage in rear. This is a great turn-key investment that you don't want to miss out on great for an owner occupant or investor. This property is a must see!
  1. Listed by Andrew A. Ginsburg • BHHS Regency Real Estate

Property Details for 318 North 16th Street

Area
Allentown-Central
Sub division
Not in Development

Location

Listing Courtesy of BHHS Regency Real Estate

Sold By IronValley RE of Lehigh Valley

Add your commute
LISTING UPDATED: 10/04/2023 02:45 PM

Property Details for 318 North 16th Street

StatusSold & Settled
MLS #717501
Days on Market29
Taxes$3,920 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1900
CountyLehigh County

Location

Listing Courtesy of BHHS Regency Real Estate

Sold By IronValley RE of Lehigh Valley

Add your commute

Building Information for 318 North 16th Street

Building/Complex318 N 16th StFloor-Stories3Residences2Pet Policy-Year Built1900Building Size-

Payment Calculator

$1,636 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,310

Property Taxes

$327

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 318 North 16th Street

Summary
Location and General Information
  • Directions: South on 17th - Left on West Gordon - Right on 16th - Property on Right
  • School District: Allentown
Parking
  • Parking: Garage
  • ParkingSpaces: 1
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $458.89
  • Lawn Snow Removal: $300
  • Maintenance Repair: $1,844
  • Management: 0
  • Municipal Taxes: $712.33
  • School Taxes: $2,748.88
  • Total Taxes: $3,920.10
Property
Lot Information
  • Acres: 0.05
  • APN: 549750213130001
  • Lot Dimensions: 18 x 120
  • Lot Size Source: Tax Records
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $121,400.00
  • Property SubType Category: Apartment Style, Row/Townhouse
  • Square Footage Source: Tax Records
Utilities
  • Amount: 2187.20
  • Amount And Explanation: .
  • Cooling: No Air
  • Electric: 1078
  • Gas: $3,058
  • Sewer: Public
  • Water: Public
  • Water Sewer: 960
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Baths: Semi Modern
  • Heat: $0
  • Heat Type: Forced Air, Gas
Multi Family
Multi-Family Information
  • Gross Income: $38,088.00
  • Insurance: $1,192
  • Net Income: $28,906.00
  • Operating Expense: $9,182
  • Other Expenses: $0
  • Trash Removal: 750
  • Total Unit Count: 6
  • Total Units: 2
Unit 1
  • Unit Total1 Bedroom: 1
Unit 3
  • Unit Total3 Bedrooms: 1

Property History for 318 North 16th 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 318 North 16th Street

Taxable ValueLand$9,000Additions$112,400Total$121,400
Tax Record2024$3,920 ($327 / month)
Home Facts
Baths2Total Finished SqFt2,467 SqFtAbove Grade Finished SqFt2,467 SqFtStories3Lot Size2,160 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningR-MHCountyLEHIGHAPN549750213130-1

Schools near 318 North 16th 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
Muhlenberg 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.

Similar Homes

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Similar Sold Homes

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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.