116 North 4th Street

Allentown, PA 18102

$930,000
Price
Beds
2,897 Sq. Ft.
$321 / Sq. Ft.
2,897
Sq. Ft.
$321
per Sq. Ft.

Description

"Investment Opportunity of a Lifetime! This rare, legally approved grandfathered rooming house in Allentown presents one of the last chances for savvy investors to secure a lucrative opportunity. Boasting 12 spacious bedrooms, 3 full bathrooms, a modern KitchenAid kitchen, and a high-efficiency gas boiler, this property has been meticulously maintained. The Certificate of Occupancy has been successfully completed and approved by the City of Allentown, ensuring a seamless transition. With a total..."Investment Opportunity of a Lifetime! This rare, legally approved grandfathered rooming house in Allentown presents one of the last chances for savvy investors to secure a lucrative opportunity. Boasting 12 spacious bedrooms, 3 full bathrooms, a modern KitchenAid kitchen, and a high-efficiency gas boiler, this property has been meticulously maintained. The Certificate of Occupancy has been successfully completed and approved by the City of Allentown, ensuring a seamless transition. With a total annual income of $98,000 and potential for future growth, this exceptional investment promises impressive returns. Don't miss this incredible opportunity to expand your portfolio and secure long-term financial success
  1. Listed by Jocelyn D. Iglesia • United RealEstate Strive212 LV
  2. Listed by Danny M. Diaz • United RealEstate Strive212 LV

Property Details for 116 North 4th Street

Area
Allentown-Central
Sub division
Not in Development
LISTING UPDATED: 11/18/2024 05:55 PM

Property Details for 116 North 4th Street

StatusAvailable
MLS #744943
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Commercial
Year Built1885
Lot Size0.05 AC / 2,222 SF
CountyLehigh County

Building Information for 116 North 4th Street

Stories3Residences12Year Built1885Building Size-Lot Size0.05 AC / 2,222 SF

Property Information for 116 North 4th Street

Summary
Location and General Information
  • Directions: Sumner Ave , turn right onto American Pkwy Turn right onto Linden St, Turn right onto N 4th St
  • School District: Allentown
Parking
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • Lawn Snow Removal: $0
  • Maintenance Repair: $0
  • Management: 3000
Property
Lot Information
  • Acres: 0.051
  • APN: 640721476265001
  • Zoning Code: R-H-HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $169,600.00
  • Property SubType Category: Commercial
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 3053
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 1174
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Heat: $2,856
  • Heat Type: Gas
Multi Family
Multi-Family Information
  • Gross Income: $98,000.00
  • Insurance: $1,812
  • Net Income: $84,445.00
  • Operating Expense: $13,555
  • Other Expenses: $0
  • Trash Removal: 1660
  • Total Unit Count: 1
  • Total Units: 12

Property History for 116 North 4th 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 116 North 4th Street

Taxable ValueLand$15,600Additions$154,000Total$169,600
Tax Record2024$5,534 ($461 / month)
Home Facts
Baths3Total Finished SqFt2,897 SqFtAbove Grade Finished SqFt2,897 SqFtStories3Lot Size2,220 SqFtStyleMulti-Family Res (5+ Units)Year Built1885ZoningR-HCountyLEHIGHAPN640721476265-1

Schools near 116 North 4th 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

Harrison-Morton 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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116 North 4th Street is a multi-family home for sale in Allentown, PA 18102. This property was listed for sale on October 17, 2024 by United RealEstate Strive212 LV, it's currently listed at $930,000. It has been on the market for a total of 37 days and was last sold on July 14, 2023. This listing's school district is Allentown City School District. Nearby schools include Central El School, Harrison-Morton Middle School and William Allen High School. 116 North 4th Street is a 0-bed, 0-bath, 2,897 sqft multi-family home built in 1885.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United RealEstate Strive212 LV

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.