401 North Eighth Street

Allentown, PA 18102

$499,000
Price
Beds
3,876 Sq. Ft.
$129 / Sq. Ft.
3,876
Sq. Ft.
$129
per Sq. Ft.

Description

Welcome to this 4-unit mixed-use Investment Property. The 3 residential units are fully occupied and consist of two, 1BR units that are above the commercial space at 401 N 8th, and a 4BR SFH at 403 N 8th St, all on one parcel. The commercial space is undergoing final renovations and has a tenant lined up for January 2025, making this a prime turnkey investment for someone to begin investing or expand on their current portfolio. Minimal expenses and a high demand location make this property an opportunity...Welcome to this 4-unit mixed-use Investment Property. The 3 residential units are fully occupied and consist of two, 1BR units that are above the commercial space at 401 N 8th, and a 4BR SFH at 403 N 8th St, all on one parcel. The commercial space is undergoing final renovations and has a tenant lined up for January 2025, making this a prime turnkey investment for someone to begin investing or expand on their current portfolio. Minimal expenses and a high demand location make this property an opportunity to invest in Allentown's thriving rental market.
  1. Listed by Ronald S. Bowser • Steel City Realty

Property Details for 401 North Eighth Street

Area
Allentown-Central
Sub division
Old Allentn Historic
LISTING UPDATED: 11/10/2024 09:12 AM

Property Details for 401 North Eighth Street

StatusAvailable
MLS #747103
Days on Market13
Taxes$4,723 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Commercial
Year Built1885
Lot Size0.03 AC / 1,437 SF
CountyLehigh County

Building Information for 401 North Eighth Street

Stories3Residences4Year Built1885Building Size-Lot Size0.03 AC / 1,437 SF

Property Information for 401 North Eighth Street

Summary
Location and General Information
  • Directions: Traveling west on W Gordon Street, turn right on to N 8th, property is on your right.
  • School District: Allentown
Parking
  • Garage: None
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $563.22
  • Lawn Snow Removal: $0
  • Maintenance Repair: $0
  • Management: 0
  • Municipal Taxes: $785.61
  • School Taxes: $3,373.84
  • Total Taxes: $4,722.67
Property
Lot Information
  • Acres: 0.033
  • APN: 549792727835001
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $149,000.00
  • Property SubType Category: Commercial, Duplex/Both Halves, Mixed Use
  • Adult Comm 55 Over: No
Utilities
  • Cooling: Window ACs
  • Electric: 500
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 2000
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Baths: Semi Modern
  • Heat: $0
  • Heat Type: Baseboard, Electric, Gas
Multi Family
Multi-Family Information
  • Gross Income: $44,280.00
  • Insurance: $3,633
  • Net Income: $32,280.00
  • Operating Expense: $12,000
  • Other Expenses: $0
  • Trash Removal: 1125
  • Total Unit Count: 4
  • Total Units: 4
Unit 1
  • Unit Total1 Bedroom: 2
Unit 4
  • Unit Total4 Bedrooms: 1

Property History for 401 North Eighth Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 401 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 - K to 5
Rating
School
Distance
Central El School
PublicK to 5

Francis D Raub Middle School
Public6 to 8

William Allen High School
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.

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401 North Eighth Street is a multi-family home for sale in Allentown, PA 18102. This property was listed for sale on November 4, 2024 by Steel City Realty, it's currently listed at $499,000. It has been on the market for a total of 13 days and was last sold on June 30, 2022. 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. 401 North Eighth Street is a 0-bed, 0-bath, 3,876 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 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.