744 N 5th Street Allentown, PA 18102
MULTI_FAMILY - Allentown City, PA
Type:Apartment
Property size:
2,205 SFLot size:
0.04 AcresPrice / SF:
$188/SF- Added:
- Apr 29, 2026
- Days on Market:
- 9
- Last Refresh:
- May 7 at 3:06 am
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
- Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 1
- 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
MLS# 776024
Listing URL
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
- Immediate cash flow with $33,933 net income and additional upside potential.
- Fully occupied, offering flexibility to increase rents to market value from day one due to month‑to‑month leases.
- Low‑expense operating profile with tenants paying separately metered electric heat and gas.
- Durable, low‑maintenance solid brick exterior.
- Additional income from garage and value‑add potential in the large basement (laundry/storage).
- Located in a high‑demand rental corridor, supporting strong occupancy and tenant retention.
Overview
Allentown City Multifamily Investment Opportunity
This fully occupied three-unit investment property generates $40,500 in gross income and $33,933 in net income. The property features three spacious 1-bedroom units, a unit mix supported by consistent rental demand in the area. All units are currently occupied on month-to-month leases, providing flexibility to increase rents. Tenants are responsible for electric heat and gas for cooking, both separately metered. Landlord expenses are limited to taxes, insurance, and water/sewer. Situated on a corner lot, the property features a solid brick exterior. Additional income is generated from a garage, and the large basement presents potential through coin-operated laundry and/or tenant storage. The asset is located in a high-demand rental corridor, supporting strong occupancy and tenant retention. The property is 2205 square feet and sits on a 0.041-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.473322
- Latitude
- 40.613949
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully occupied triplex with immediate cash flow and upside potential.
Where is this triplex located?
The property is located at 744 N 5th Street Allentown, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Immediate cash flow with $33,933 net income and additional upside potential.; Fully occupied, offering flexibility to increase rents to market value from day one due to month‑to‑month leases.; Low‑expense operating profile with tenants paying separately metered electric heat and gas.
