744 North 5th Street, Allentown, PA 18102

Building Details

Year Built

1900

Listing agent Akinlana Popoola License #RS379206

Listing office EXP Realty

Listing date Jun 16, 2026

Source Crexi

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Overview

This fully occupied triplex includes three spacious one-bedroom units. All units are currently rented on month-to-month leases, giving a new owner flexibility going forward. The property features a solid brick exterior on a corner lot, designed for long-term durability and lower exterior maintenance. Utilities are handled with tenants paying electric heat (baseboard) and gas for cooking, each separately metered. Landlord expenses are limited to taxes, insurance, and water/sewer.

Additional on-site income is supported by a garage. A large basement adds practical flexibility, with room to accommodate coin-operated laundry and/or tenant storage, depending on how an owner chooses to use the space. The asset is positioned as a rental option within the area’s established rental corridor.

For buyers seeking an immediately rentable residential investment, this mix of three occupied one-bedroom units can support hands-on management with month-to-month tenancy. Separate metering for key utilities and a defined expense structure may help simplify operating costs. The garage and basement space further broaden how the property can be operated to meet resident needs.

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

-75.4733257

Latitude

40.6139551

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FAQs

What type of property is this?

Triplex - Three fully occupied one-bedroom units with separately metered utilities and a garage provide straightforward residential income potential.

Where is this triplex located?

The property is located at 744 North 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 fully occupied 1‑bedroom units generating $40,500 gross income and $33,933 net income; All units on month‑to‑month leases for immediate flexibility to adjust rents to market; Separately metered utilities: tenants pay electric heat (baseboard) and gas for cooking