323 North Eighth Street

Allentown, PA 18102

$750,000
Price
12
Beds
7
Baths
6,146 Sq. Ft.
$122 / Sq. Ft.
6,146
Sq. Ft.
$122
per Sq. Ft.

Description

Attention astute investors! Exceptional opportunity to own this 7 unit in Allentown. Unit mix is as folllows: 4- 1 bedrooms, 1- 2 bedroom, 2- 3bedrooms. Landlord pays water/sewer/ trash. Tenants pay electric and gas heat & cooking. Priced competitively at $750,000, this investment offers a lucrative return. Take advantage of this opportunity to secure a reliable income stream with minimal hassle in a prime location.Attention astute investors! Exceptional opportunity to own this 7 unit in Allentown. Unit mix is as folllows: 4- 1 bedrooms, 1- 2 bedroom, 2- 3bedrooms. Landlord pays water/sewer/ trash. Tenants pay electric and gas heat & cooking. Priced competitively at $750,000, this investment offers a lucrative return. Take advantage of this opportunity to secure a reliable income stream with minimal hassle in a prime location.
  1. Listed by Jennifer L. DeJesus • Steel City Realty

Property Details for 323 North Eighth Street

Area
Allentown-Central
Sub division
Old Allentn Historic

Location

Listing Courtesy of Steel City Realty
Add your commute
LISTING UPDATED: 05/29/2024 10:39 PM

Property Details for 323 North Eighth Street

StatusAvailable
MLS #737079
Days on Market24
Taxes$10,203 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1870
CountyLehigh County

Location

Listing Courtesy of Steel City Realty
Add your commute

Building Information for 323 North Eighth Street

Building/Complex323 N Eighth StFloor-Stories3Residences7Pet Policy-Year Built1870Building Size-

Payment Calculator

$4,943 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$850

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 323 North Eighth Street

Summary
Location and General Information
  • Directions: Located in Historic Dist. of Allentown
  • School District: Allentown
Parking
  • Garage: Parking Lot
  • ParkingSpaces: 7
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $1,151.01
  • Lawn Snow Removal: $0
  • Maintenance Repair: $3,843
  • Management: 4804
  • Municipal Taxes: $2,157.44
  • School Taxes: $6,894.85
  • Total Taxes: $10,203.30
Property
Lot Information
  • APN: 549791992729001
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $304,500.00
  • Property SubType Category: Apartment Style
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 900
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 1733
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Heat: $0
  • Heat Type: Forced Air, Hot Water
Multi Family
Multi-Family Information
  • Gross Income: $96,084.00
  • Insurance: $2,159
  • Net Income: $69,817.00
  • Operating Expense: $26,267
  • Other Expenses: $0
  • Trash Removal: 2625
  • Total Unit Count: 7
  • Total Units: 7
Unit 1
  • Unit Total1 Bedroom: 4
Unit 2
  • Unit Total2 Bedrooms: 1
Unit 3
  • Unit Total3 Bedrooms: 2

Property History for 323 North Eighth 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 323 North Eighth Street

Taxable ValueLand$42,000Additions$262,500Total$304,500
Tax Record2024$10,203 ($850 / month)
Home Facts
Baths7Total Finished SqFt6,146 SqFtAbove Grade Finished SqFt6,146 SqFtStories3Lot Size1,930 SqFtStyleMulti-Family Res (5+ Units)Year Built1870ZoningR-MHCountyLEHIGHAPN549791992729-1

Schools near 323 North Eighth 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
Central 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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323 North Eighth Street is a multi-family home for sale in Allentown, PA 18102. This property was listed for sale on May 18, 2024 by Steel City Realty, it's currently listed at $750,000. It has been on the market for a total of 24 days and was last sold on July 31, 2019. This listing's school district is Allentown City School District. Nearby schools include Central El School, Francis D Raub Middle School and William Allen High School. 323 North Eighth Street is a 12-bed, 7-bath, 6,146 sqft multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Steel City Realty

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.