763 South 8th Street

Allentown, PA 18103

$492,000
Price
6
Beds
3
Baths
3,198 Sq. Ft.
$154 / Sq. Ft.
3,198
Sq. Ft.
$154
per Sq. Ft.

Description

Discover this well maintained 3-unit investment property, perfectly situated in a strategic location. Each unit boasts 2 bedrooms and 1 bathroom, living room, kitchen and a covered front deck, offering comfortable and spacious living. Currently, Units #1 and #3 are rented, while Unit #2 is vacant and ready for occupancy. This property presents a unique opportunity: to live in Unit 2 rent-free while the rental income from Units 1 and 3 covers your mortgage. Alternatively, rent out all three units...Discover this well maintained 3-unit investment property, perfectly situated in a strategic location. Each unit boasts 2 bedrooms and 1 bathroom, living room, kitchen and a covered front deck, offering comfortable and spacious living. Currently, Units #1 and #3 are rented, while Unit #2 is vacant and ready for occupancy. This property presents a unique opportunity: to live in Unit 2 rent-free while the rental income from Units 1 and 3 covers your mortgage. Alternatively, rent out all three units and enjoy a substantial annual income of approximately $54,600. This versatile investment combines convenience, comfort, and excellent financial returns of 11%, aprox. Don't miss out on this exceptional opportunity!
  1. Listed by Rosa Ylonka Perez • IronValley RE of Lehigh Valley

Property Details for 763 South 8th Street

Area
Allentown-South
Style
Colonial
Sub division
Not in Development
LISTING UPDATED: 08/14/2024 11:22 PM

Property Details for 763 South 8th Street

StatusUnder Agreement
MLS #741659
Days on Market31
Taxes$4,072 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Apartment Style
Year Built1910
CountyLehigh County

Building Information for 763 South 8th Street

Building/Complex763 S 8th StFloor-Stories-Pet Policy-Year Built1910Building Size-

Property Information for 763 South 8th Street

Summary
Location and General Information
  • Directions: Drive South on Lehigh St. until it becomes St. John St then turn left on S 8th St, property will be on the right.
  • Elementary School: Jefferson Elementary School
  • HighSchool: William Allen High School
  • Middle Junior School: South Mountain Middle School
  • School District: Allentown
Owner
  • Type of Ownership: Fee Simple
Parking
  • Garage: Detached, Off & On Street
  • Number of Cars: 1
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $480.06
  • Municipal Taxes: $716.28
  • School Taxes: $2,875.69
  • Total Taxes: $4,072.03
Property
Lot Information
  • Acres: 0.051
  • APN: 640616889069 001
  • Lots: Not In Development, Paved Road, Public Road
  • Lot Size: 1-6000 sq. ft.
  • Lot Size Source: Tax Records
  • Zoning Code: Residential
Property and Assessments
  • County Assessment: $127,000.00
  • Property SubType Category: Apartment Style
  • Sqft Approx Abv Grade: 3198.0
  • Square Footage Source: Tax Records
  • Year Built Exception: Unknown
  • Adult Comm 55 Over: No
Utilities
  • Cooling: None
  • Sewer: Public
  • Water: Public
Interior and Exterior Features
Exterior Features
  • Construction: Brick, Stucco, Wood
  • Roof: Other
  • Exterior: Balcony, Covered Deck
Interior Features
  • Appliances: Oven/Range Electric, Refrigerator
  • Basement: Full, Outside Entrance, Walk-Out
  • Dining: Kitchen Island/Peninsula
  • Floor: Hardwood, Laminate/Resilient
  • Heat Type: Baseboard, Electric
  • Hot water: Electric
  • Total Room Count: 15
  • Total Rooms: 12
  • View: City Lights
Room 1
  • Room Description 1: Unit #1
  • Room Length 1: 14.0
  • Room Level 1: 1st Floor
  • Room Type 1: Bedroom
  • Room Width 1: 12.0
Room 2
  • Room Description 2: Unit #1
  • Room Length 2: 12.0
  • Room Level 2: 1st Floor
  • Room Type 2: Bedroom
  • Room Width 2: 11.0
Room 3
  • Room Description 3: Unit #1
  • Room Length 3: 12.0
  • Room Level 3: 1st Floor
  • Room Type 3: Living Room
  • Room Width 3: 11.0
Room 4
  • Room Description 4: Unit #1
  • Room Length 4: 10.0
  • Room Level 4: 1st Floor
  • Room Type 4: Kitchen
  • Room Width 4: 7.0
Room 5
  • Room Description 5: Unit #1
  • Room Length 5: 8.0
  • Room Level 5: 1st Floor
  • Room Type 5: Full Bathroom
  • Room Width 5: 7.0
Room 6
  • Room Description 6: Unit #2
  • Room Length 6: 14.0
  • Room Level 6: 2nd Floor
  • Room Type 6: Bedroom
  • Room Width 6: 12.0
Room 7
  • Room Description 7: Unit #2
  • Room Length 7: 12.0
  • Room Level 7: 2nd Floor
  • Room Type 7: Bedroom
  • Room Width 7: 11.0
Room 8
  • Room Description 8: Unit #2
  • Room Length 8: 12.0
  • Room Level 8: 2nd Floor
  • Room Type 8: Living Room
  • Room Width 8: 11.0
Room 9
  • Room Description 9: Unit #2
  • Room Length 9: 10.0
  • Room Level 9: 2nd Floor
  • Room Type 9: Kitchen
  • Room Width 9: 7.0
Room 10
  • Room Description 10: Unit #2
  • Room Length 10: 7.0
  • Room Level 10: 2nd Floor
  • Room Type 10: Full Bathroom
  • Room Width 10: 8.0
Room 11
  • Room Description 11: Unit #3
  • Room Length 11: 14.0
  • Room Level 11: 3rd Floor
  • Room Type 11: Bedroom
  • Room Width 11: 12.0
Room 12
  • Room Description 12: Unit #3
  • Room Length 12: 12.0
  • Room Level 12: 3rd Floor
  • Room Type 12: Bedroom
  • Room Width 12: 11.0
Room 13
  • Room Description 13: Unit #3
  • Room Length 13: 12.0
  • Room Level 13: 3rd Floor
  • Room Type 13: Living Room
  • Room Width 13: 11.0
Room 14
  • Room Description 14: Unit #3
  • Room Length 14: 10.0
  • Room Level 14: 3rd Floor
  • Room Type 14: Kitchen
  • Room Width 14: 7.0
Room 15
  • Room Description 15: Unit #3
  • Room Length 15: 8.0
  • Room Level 15: 3rd Floor
  • Room Type 15: Full Bathroom
  • Room Width 15: 7.0

Property History for 763 South 8th 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 763 South 8th Street

Taxable ValueLand$7,900Additions$119,100Total$127,000
Tax Record2024$4,072 ($339 / month)
Home Facts
Baths3Total Finished SqFt3,198 SqFtAbove Grade Finished SqFt3,198 SqFtStories3Lot Size2,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningR-MHCountyLEHIGHAPN640616889069-1

Schools near 763 South 8th 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
Jefferson El School
PublicK to 5

South Mountain 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.

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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 IronValley RE of Lehigh Valley

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.