744 N 5TH ST, Allentown, PA 18103
744 N 5TH ST, Allentown, PA 18103
744 N 5TH ST, Allentown, PA 18103
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Jeejesh Mannambeth

Jeejesh Mannambeth

+1(484) 631-6685
Listed by james Reardon • eXp Commercial
$415,000
Est. payment /mo
1,800 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID PALH2015446

Style Other

Year Built 1900

Annual Tax Amount $2,418

Tax Year 2025

Lot Size 1,800 Sqft

Acres 0.04

Lot Dimensions 15.00 x 120.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property 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

State PA

County Lehigh

Area Allentown City (12302)

Zoning R-MH

Rooms

Basement Outside Entrance, Poured Concrete, Side Entrance, Unfinished, Other

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Inclusions Appliance

Fireplace N

Heat Source Electric

Exterior

Parking Features Garage - Rear Entry

Garage Spaces 2.0

Water Access N

View City

Street Surface Black Top

Accessibility 2+ Access Exits

Road Frontage City/County

Total Parking Spaces 2

Garage Y

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools William Allen

School District Allentown

Others

Tax ID 640704469633-00001

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Jeejesh Mannambeth

Jeejesh Mannambeth

+1(484) 631-6685

REALTOR® | License ID: RS347317

REALTOR® License ID: RS347317

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