***Highest & Best due Tuesday (6/11) by 6pm*** Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 10.25% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 10.25% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major roads, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach.
Sold for $470,000 on 07/18/24
$470,000
334 N Law St, Allentown, PA 18102
10beds
3,528sqft
Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
Built in 1915
-- sqft lot
$493,900 Zestimate®
$133/sqft
$1,616 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: July 19, 2024 at 02:13pm
Listed by:
Rick Matos 484-515-8705,
IronValley RE of Lehigh Valley
Bought with:
Matt Ricchio, RS347298
Keller Williams Allentown
Source: GLVR,MLS#: 739226
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Electric
Cooling
- None
Interior area
- Total interior livable area: 3,528 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Parking Pad, On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 2,090 sqft
Details
- Parcel number: 640712055671001
- Zoning: R-MH-MEDIUM HIGH DENSITY
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
Materials
- Brick, Vinyl Siding
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$493,900
2% more+$9,878
With Zillow Showcase(estimated)$503,778