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Sold for $305,000 on 04/11/25
  • $305,000

    420 N 4th St, Allentown, PA 18102

    3beds
    1,957sqft
    Townhouse, Multi Family, Apartment
    Built in 1890
    2,221.56 Square Feet Lot
    $278,400 Zestimate®
    $156/sqft
    $2,144 Estimated rent

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    What's special

    Multifamily Investment – 420 N. 4th St, Allentown, PA Seize the opportunity to own 420 N. 4th St, a fully occupied three-unit multifamily property offering strong cash flow and growth potential in the heart of Allentown. With a high 9.07% cap rate, low operating expenses, and rents near market rates, this property is a prime investment for long-term returns. Financial Highlights: • Price: $315,000 ($105,000 per unit) • Current NOI: $28,574 | Pro Forma NOI: $29,568 • Current Cap Rate: 9.07% | Pro Forma Cap Rate: 9.39% • 100% occupancy with stable long-term tenants • Cash-on-Cash Return: 11.73% (current) | 12.99% (pro forma) Property Features: • 3 units: All one-bedroom, one-bath apartments • Newer roof (4 years old) • Public utilities & tenant-paid expenses, maximizing investor returns • RUBS system in place, offsetting natural gas utility costs Investment Potential: • Market rents suggest additional income growth • Low operating expenses, maximizing net returns • Situated in a growing rental market with a projected 4.95% population growth within 1 mile This turnkey, high-yield asset is an excellent addition to any investment portfolio. Schedule your private showing today!

    Zillow last checked: 7 hours ago

    Listing updated: April 14, 2025 at 11:43am

    Listed by:

    Frank J. Renaldi, Jr. 484-788-8682,

    CENTURY 21 Pinnacle

    Bought with:

    Gary Elbert, RS205118L

    Bellman & Radcliff

    Source: GLVR,MLS#: 753876MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Gas
    Cooling
    • None
    Interior area
    • Total interior livable area: 1,957 sqft

    Property

    Parking
    • Total spaces: 2
    Features
    • Stories: 3
    Lot
    • Size: 2,221 sqft
    Details
    • Parcel number: 640713823563001
    • Zoning: R-MH-MEDIUM HIGH DENSITY
    • Special conditions: None

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse, Multi Family, Apartment
    Materials
    • Brick
    Condition
    • Year built: 1890

    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 .
    $278,400
    2% more+$5,568
    With Zillow Showcase(estimated)$283,968