744 N 5th Street, Allentown, PA 18102
MULTI_FAMILY - Allentown City, PA
- Added:
- Apr 29, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 23 at 6:06 pm
Property Features for 744 N 5th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- R-MH
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
- Parking
- 4
- Parking features
- On Street
- Standard status
- Active
- APN
- 640704469633 1
- Size
- 2,205 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2437
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Brick
Listing agent Akinlana Popoola (412) 925-5551
Listing office EXP Realty LLC 168 W Ridge Pike, Unit 101, pittsburgh, PA (888) 397-7352
Listing date Apr 29, 2026
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑unit investment property with three spacious 1‑bedroom units; all units currently occupied on month‑to‑month leases
- Gross income listed at $40,500 and net income listed at $33,933
- Brick exterior on a corner lot with baseboard heat and window unit(s) cooling
- Utilities setup: tenants pay electric heat (baseboard) and gas for cooking; electric heat and cooking are separately metered
- Public utilities include public water and public sewer
- On‑site garage plus a large basement with potential for coin‑operated laundry and/or tenant storage
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $16.20 |
| − Vacancy | −$2.7k | −$1.22 |
| EGI | $33.0k | $14.99 |
| − OpEx | −$9.9k | −$4.50 |
| NOI | $23.1k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.473322
- Latitude
- 40.613949
