5 North Penn Street

5 North Penn Street

Allentown, PA 18102

$230,000
Price
5
Beds
2
Baths
1,200 Sq. Ft.
$192 / Sq. Ft.
1,200
Sq. Ft.
$192
per Sq. Ft.
front view of a building
a view of a chairs in a patio
a outdoor view with a sitting space
a view of balcony with furniture
wooden floor of building view
a view of wooden floor in stairs
a view of staircase with white walls
a bedroom with a bed and a dresser
a living room with furniture and a flat screen tv
a bedroom with furniture and a flat screen tv
a living room with furniture a flat screen tv and dresser
a kitchen with stainless steel appliances granite countertop a refrigerator a stove and a sink
a white refrigerator freezer sitting inside of a kitchen
a kitchen with stainless steel appliances granite countertop a sink and cabinets
a bathroom with a sink a toilet and shower
a white toilet sitting next to a bath tub
a bed room with a bed and a window
a bedroom with a bed and a window
a view of a room with gym equipment
a view of a room with gym equipment
a view of a room with gym equipment
a water heater room
a view of storage and utility room
a utility room with dryer and washer
a view of a storage room
a utility room with dryer and washer
a bedroom with furniture and a window
a kitchen with granite countertop white cabinets and white appliances
a white bath tub sitting next to a white toilet and sink
a room with a table and chairs
a view of a room with gym equipment
a view of kids room with toys
a living room with furniture
a view of a room with gym equipment
view of utility room
a view of storage and utility room
a bedroom with a bed and a window
a living room with furniture and a window
a view of bed and couch
a view of closet area
a view of a sink and a garage
a white refrigerator freezer and a window in a kitchen
a white refrigerator freezer and a stove sitting inside of a kitchen
a kitchen with white cabinets sink and white appliances
a bathroom with a sink a toilet and shower
a bathroom with a sink toilet and shower
a view of an empty room with wooden floor and a window
a view of wooden floor

Description

Attention savvy investors! Get ready to elevate your portfolio with this exceptional two-unit property located at 117.5 N Penn St in Allentown. Boasting a rare combination of a 1-bedroom and a 4-bedroom unit, this property promises diverse rental income streams. With a gross income of $27,000 and a net income of $23,252 annually, this investment is a true cash cow. Priced competitively at $230,000, and with the owner responsible for taxes, trash, and insurance, managing this property is a breeze....Attention savvy investors! Get ready to elevate your portfolio with this exceptional two-unit property located at 117.5 N Penn St in Allentown. Boasting a rare combination of a 1-bedroom and a 4-bedroom unit, this property promises diverse rental income streams. With a gross income of $27,000 and a net income of $23,252 annually, this investment is a true cash cow. Priced competitively at $230,000, and with the owner responsible for taxes, trash, and insurance, managing this property is a breeze. Tenants handle all other utilities, further enhancing your return. Situated in a prime location in Allentown, this property offers tremendous rental potential. Don't miss out on this golden opportunity to secure a lucrative investment with a strong cap rate for this area. Act now and make this income-generating asset yours today!
  1. Listed by Jennifer L. DeJesus • Steel City Realty

Property Details for 5 North Penn Street

Area
Allentown-Central
Sub division
Not in Development

Location

Listing Courtesy of Steel City Realty
Add your commute
LISTING UPDATED: 04/17/2024 04:49 PM

Property Details for 5 North Penn Street

StatusAvailable
MLS #732484
Days on Market18
Taxes$2,548 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Row/Townhouse
Year Built1895
Lot Size0.02 AC / 854 SF
CountyLehigh County

Location

Listing Courtesy of Steel City Realty
Add your commute

Building Information for 5 North Penn Street

Stories2Residences2Year Built1895Building Size-Lot Size0.02 AC / 854 SF

Payment Calculator

$1,468 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,255

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5 North Penn Street

Summary
Location and General Information
  • Directions: From 4th st, left onto linden, right onto N Penn.
  • School District: Allentown
Parking
  • Garage: None, On Street
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $303.53
  • Lawn Snow Removal: $0
  • Maintenance Repair: $0
  • Management: 0
  • Municipal Taxes: $426.27
  • School Taxes: $1,818.25
  • Taxes: $0
  • Total Taxes: $2,548.05
Property
Lot Information
  • Acres: 0.02
  • APN: 640721160538001
  • Lot Size Source: Tax Records
  • Zoning Code: R-H-HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $80,300.00
  • Property SubType Category: Row/Townhouse
  • Square Footage Source: Tax Records
  • Technology: Smk Detector Battery
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 0
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 0
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Baths: Modern
  • Heat: $0
  • Heat Type: Baseboard, Electric
Multi Family
Multi-Family Information
  • Gross Income: $27,000.00
  • Insurance: $1,200
  • Net Income: $23,252.00
  • Operating Expense: $3,748
  • Other Expenses: $0
  • Trash Removal: 0
  • Total Unit Count: 2
  • Total Units: 2
Unit 1
  • Unit Total1 Bedroom: 1
Unit 4
  • Unit Total4 Bedrooms: 1

Property History for 5 North Penn Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5 North Penn Street

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Sheridan El School
Public - 1 to 5
Trexler Middle School
Public - 6 to 8
William Allen High School
Public - 9 to 12
Building 21 Allentown
Public - 9 to 12
Rating
School
Distance
Sheridan El School
Public1 to 5

Trexler 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Old Fairgrounds Historic District

Neighborhoods

Cities

ZIPs

More information about 5 North Penn Street, Allentown, PA 18102

5 North Penn Street is a multi-family home for sale in Allentown, PA 18102. This property was listed for sale on February 28, 2024 by Steel City Realty, it's currently listed at $230,000. It has been on the market for a total of 18 days and was last sold on June 9, 2017. This listing's school district is Allentown City School District. Nearby schools include Sheridan El School, Trexler Middle School and William Allen High School. 5 North Penn Street is a 5-bed, 2-bath, 1,200 sqft multi-family home built in 1895.

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.