420 N Law St, Allentown, PA 18102

Investor Special! This 3-bedroom property at 420 N Law St, Allentown is priced at $149,900 and offers excellent rental potential. The previous tenant paid $1,150/month, with all utilities in tenant’s name. Owner expenses were limited to taxes and insurance, estimated at $1,900 annually. Based on prior rent, the property delivers a cap rate of approximately 8.3%, with room to increase rents for even stronger returns. Currently vacant, providing flexibility for new leasing or improvements. A clear Certificate of Occupancy will be provided, and the property features off-street parking in the rear plus a playground directly across the street—a great draw for tenants. Solid cash-flow potential at a competitive price!