Introducing an exceptional Home for the near Future, OR investment opportunity in Allentown! This three-bedroom single-family home at 1406 S Jefferson St, currently leased until 10/31/24 with tenants in place since 10/2022, offers a remarkable gross income of $22,992 and a substantial net income of $19,346.68. With tenants covering all utilities and the owner handling taxes, insurance, and trash removal, this property is hassle-free. Additionally, the well-maintained, fenced yard and parking space for up to three cars in the driveway enhance its appeal. Priced competitively at $230,000, this property boasts an attractive cap rate of approximately 8.41%, ensuring a solid return on your investment. Don't miss out on this golden opportunity to diversify your portfolio with a property that combines reliable income and great features. Contact us today, and secure your investment in this Allentown gem!
Sold
$229,000
1406 S Jefferson St, Allentown, PA 18103
3beds
2,288sqft
Single Family Residence
Built in 1944
5,575 sqft lot
$248,600 Zestimate®
$100/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: February 29, 2024 at 05:14am
Listed by:
Jennifer L. DeJesus 610-217-6330,
Steel City Realty
Bought with:
Jeremy E. Wheeler
IronValley RE of Lehigh Valley
Source: GLVR,MLS#: 732150
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Dining room
- Features: Dining Area
Kitchen
- Features: Eat-in Kitchen
Heating
- Baseboard, Electric, Oil
Cooling
- None
Appliances
- Included: Washer, Refrigerator, Electric Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,288
- Total interior livable area: 2,288 sqft
- Finished area above ground: 1,144
- Finished area below ground: 1,144
Property
Parking
- Total spaces: 3
Features
- Stories: 2
Lot
- Size: 5,575 sqft
- Features: 1-6000 sq. ft.
Details
- Parcel number: 549693038168001
- Zoning: R-M-MEDIUM DENSITY RESIDENTIAL
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Brick
- Roof: Asphalt
Condition
- Year built: 1944
Utilities & green energy
- Electric: Circuit Breakers, 200 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Allentown
- Subdivision: Not in Development
HOA & financial
HOA
- Has HOA: Yes
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Services availability

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Sell for more than others on Zillow
Get a complimentary Zillow Showcase℠ listing and you could sell for .
$248,600
2% more+ $4,972
With Showcase(estimated)
$253,572