Allentown City Multifamily Investment
744 N 5th Street Allentown, PA 18102
744 N 5th Street, Allentown, PA, 18102
$399,000
For Sale
$399,000
MULTI_FAMILY - Allentown City, PA
Property Size2,205 SF
Lot Size0.04 Acres
Price / SF$180.95
Days on Market81
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, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 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 Agency
EXP Realty LLC
(888) 397-7352
168 W Ridge Pike, Unit 101, pittsburgh, PA
Listed by
Akinlana Popoola
(412) 925-5551
Added: Apr 29 Checked: Jul 18 at 3:06 am
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.
Investment Insights
Based on property information with market context.
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, currently occupied on month-to-month leases. Tenants are responsible for separately metered electric heat (baseboard) and gas for cooking. Landlord expenses include taxes, insurance, and water/sewer. Situated on a corner lot, the property has a solid brick exterior. Additional income is generated from a garage. The large basement offers potential for coin-operated laundry and/or tenant storage. The property is located in a high-demand rental corridor. The lot size is 0.041 acres, and the property size is 2205 square feet. The zoning is R-MH.
Key Highlights
- Three‑unit property with three 1‑bedroom units; fully occupied and generating $40,500 gross income and $33,933 net income
- All units are on month‑to‑month leases, giving a new owner flexibility to adjust rents to market
- Solid brick exterior on a corner lot; year built 1900
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 |
2,205 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.4K
$289.1K – $385.5K
NOI $23,129 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$290.6K
$254.3K – $339.1K
NOI $20,345 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$433.2K
$379.0K – $505.4K
NOI $30,323 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully occupied triplex in Allentown City with immediate cash flow.
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 $399,000.
What are key features of this property?
This property features: Three‑unit property with three 1‑bedroom units; fully occupied and generating $40,500 gross income and $33,933 net income; All units are on month‑to‑month leases, giving a new owner flexibility to adjust rents to market; Solid brick exterior on a corner lot; year built 1900
