744 N 5TH Street, Allentown, PA 18103

Building Details

Year built

1900

Number of units

3

Building materials

Brick

Listing agent james J Reardon License #RS342638 Show Phone

Listing office eXp Commercial l***@exprealty.net 630 Freedom Business Ctr Drive unit: 300, Dover, PA Show Phone

Listing date May 5, 2026

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MLS# PALH2015446 Listing URL

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Overview

This fully occupied three-unit property in Allentown, PA, presents an investment opportunity with immediate cash flow and additional upside. The property generates $40,500 in gross income and $33,933 in net income. It 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 to market rates. Tenants are responsible for separately metered electric heat (baseboard) and gas for cooking. Landlord expenses are limited to taxes, insurance, and water/sewer, resulting in a low-expense operating profile. Situated on a corner lot, the property features a solid brick exterior, offering long-term durability and reduced maintenance. Additional income is generated from a garage. The large basement presents value-add 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 located at 744 N 5TH Street, ALLENTOWN, PA 18103, in LEHIGH County.

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Allentown

County

Lehigh

State

Pennsylvania

Longitude

-75.47332

Latitude

40.61394

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FAQs

What type of property is this?

Triplex - Fully occupied three-unit property with immediate cash flow 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 $399,000.

What are key features of this property?

This property features: Three‑unit rental property generating $40,500 gross income and $33,933 net income; All three 1‑bedroom units are currently occupied on month‑to‑month leases; Solid brick exterior on a corner lot with detached garage and on‑street parking