2312 South 5th Street

Allentown, PA 18103

$795,000
Price
Beds
11,685 Sq. Ft.
$68 / Sq. Ft.
11,685
Sq. Ft.
$68
per Sq. Ft.

Description

This property features a 36-unit storage facility and 3 apartments, conveniently located off bustling South 4th St. 11,685 sqft building! It offers significant potential for rent growth with minimal Capex – our 5x10 units are priced at $85, while nearby facilities charge $113. All 3 renovated residential units are electric (heat and cooking) and individually metered. ~$68k NOI with a significant rent growth opportunity.This property features a 36-unit storage facility and 3 apartments, conveniently located off bustling South 4th St. 11,685 sqft building! It offers significant potential for rent growth with minimal Capex – our 5x10 units are priced at $85, while nearby facilities charge $113. All 3 renovated residential units are electric (heat and cooking) and individually metered. ~$68k NOI with a significant rent growth opportunity.
  1. Listed by Robert A. Velez • KW Commercial - Stroudsburg

Property Details for 2312 South 5th Street

Area
Allentown-South
Sub division
Mountain Park Manor
LISTING UPDATED: 12/10/2024 04:39 PM

Property Details for 2312 South 5th Street

StatusAvailable
MLS #733469
Days on Market298
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Commercial
Year Built-
Lot Size0.30 AC / 13,199 SF
CountyLehigh County

Building Information for 2312 South 5th Street

Stories3Residences39Year Built-Building Size-Lot Size0.30 AC / 13,199 SF

Property Information for 2312 South 5th Street

Summary
Location and General Information
  • Directions: From 78. Take 145 North. Left on W Emmaus Ave. Left on S 5th St. Property on Right.
  • School District: Allentown
Parking
  • ParkingSpaces: 6
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • Lawn Snow Removal: $0
  • Maintenance Repair: $4,579
  • Management: 0
Property
Lot Information
  • Acres: 0.303
  • APN: 640651803000001
  • Zoning Code: R-L-LOW DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $306,500.00
  • Property SubType Category: Commercial
  • Year Built Exception: Unknown
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 2329
  • Gas: $1,122
  • Sewer: Public
  • Water: Public
  • Water Sewer: 1240
Interior and Exterior Features
Exterior Features
  • Construction: Vinyl
Interior Features
  • Heat: $0
  • Heat Type: Baseboard, Gas
Multi Family
Multi-Family Information
  • Gross Income: $91,584.00
  • Insurance: $4,194
  • Net Income: $63,324.00
  • Operating Expense: $28,260
  • Other Expenses: $0
  • Trash Removal: 0
  • Total Unit Count: 0
  • Total Units: 39

Property History for 2312 South 5th 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 2312 South 5th Street

Taxable ValueLand$59,500Additions$247,000Total$306,500
Tax Record2024$10,599 ($883 / month)
Home Facts
Total Finished SqFt11,685 SqFtAbove Grade Finished SqFt11,685 SqFtStories3Lot Size13,199 SqFtStyleMulti-Family Dwelling (2-4)ZoningR-LCountyLEHIGHAPN640651803000-1

Schools near 2312 South 5th 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
Hiram W Dodd El School
PublicK to 5

South Mountain Middle School
Public6 to 8

Louis E Dieruff 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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2312 South 5th Street is a multi-family home for sale in Allentown, PA 18103. This property was listed for sale on February 23, 2024 by KW Commercial - Stroudsburg, it's currently listed at $795,000. It has been on the market for a total of 298 days and was last sold on November 30, 2020. This listing's school district is Allentown City School District. Nearby schools include Hiram W Dodd El School, South Mountain Middle School and Louis E Dieruff High School. 2312 South 5th Street is a 0-bed, 0-bath, 11,685 sqft multi-family home.

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Listing Courtesy of KW Commercial - Stroudsburg

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.