Exceptional Investment Opportunity!
Don’t miss this 12% cap rate fully renovated 5-bedroom, 1.5-bath home, 1 car detached garage, beautifully updated in 2024 with brand-new windows, doors, flooring, fresh paint, and a modernized bathroom. Currently leased at $2,500/month with a one-year lease—tenants cover all utilities, keeping your operating costs impressively low.
Located just minutes from vibrant downtown Allentown, with easy access to Starbucks, restaurants, shops, and major commuting routes. Whether you're expanding your portfolio or making your first investment, this property delivers strong cash flow and long-term value.
Add this high-performing asset to your portfolio today! Home will come with clear CO.
Sold for $250,000 on 08/15/25
$250,000
123 N Penn St, Allentown, PA 18102
5beds
2,350sqft
Townhouse
Built in 1890
1,960.2 Square Feet Lot
$251,200 Zestimate®
$106/sqft
$2,240 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 20, 2025 at 10:16pm
Listed by:
Shawn Dullavin Sr 888-397-7352,
EXP Realty LLC
Bought with:
Shawn Dullavin Sr, RS371402
EXP Realty LLC
Source: GLVR,MLS#: 756660
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Third
- Dimensions: 10.00 x 11.00
Bedroom
- Level: Third
- Dimensions: 13.00 x 12.00
Bedroom
- Level: Second
- Dimensions: 13.00 x 13.00
Bedroom
- Level: Second
- Dimensions: 10.00 x 11.00
Bedroom
- Level: Second
- Dimensions: 12.00 x 13.00
Dining room
- Level: First
- Dimensions: 12.00 x 11.00
Foyer
- Level: First
- Dimensions: 10.00 x 3.00
Other
- Level: Second
- Dimensions: 8.00 x 8.00
Half bath
- Level: Basement
- Dimensions: 5.00 x 6.00
Kitchen
- Level: First
- Dimensions: 15.00 x 12.00
Living room
- Level: First
- Dimensions: 13.00 x 14.00
Other
- Level: Basement
- Dimensions: 60.00 x 14.00
Heating
- Baseboard
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Appliances, Electric Dryer, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
- Laundry: Electric Dryer Hookup
Features
- Dining Area, Separate/Formal Dining Room, Eat-in Kitchen
- Flooring: Ceramic Tile, Hardwood, Luxury Vinyl, Luxury VinylPlank
- Basement: Full
Interior area
- Total interior livable area: 2,350 sqft
- Finished area above ground: 1,750
- Finished area below ground: 600
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage
- Garage spaces: 1
Features
- Patio & porch: Balcony
- Exterior features: Awning(s), Balcony, Fence
- Fencing: Yard Fenced
Lot
- Size: 1,960 sqft
Details
- Parcel number: 640721171189 001
- Zoning: R-H-High Density Resident
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick
- Roof: Other
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Appliances
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership type: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$251,200
2% more+$5,024
With Zillow Showcase(estimated)$256,224