Pamela Schwartz
Pamela Schwartz
RS278294

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Listing provided courtesy of EXP Realty LLC- MLS# 776024MLS Provider

744 N 5th StreetAllentown City, PA 18102

Multi-Family · 3 Beds · 3 Full Baths · 2,205 Sq. ft. | 0.04 Acres
$399,000 Active

744 N 5th Street Overview

Time on Site:
55 days
Visits:
0

Fully occupied three-unit investment opportunity generating $40,500 in gross income and $33,933 in net income, offering immediate cash flow with additional upside. The property consists of three spacious 1-bedroom units, a proven and efficient unit mix supported by consistent rental demand in the area. All units are currently occupied on month-to-month leases, providing a new owner with full flexibility to increase rents to market and unlock additional value from day one. Tenants pay electric heat (baseboard) and gas for cooking, both separately metered, while landlord expenses are limited to taxes, insurance, and water/sewer, resulting in a low-expense, efficient operating profile. Situated on a corner lot, the property features a solid brick exterior, offering long-term durability and reduced maintenance. Additional income is generated from a garage, and the large basement presents clear value-add potential through coin-operated laundry and/or tenant storage. The asset is located in a high-demand rental corridor, supporting strong occupancy and tenant retention.

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744 N 5th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,205
  • Price/Sq.ft. $181
  • Lot 0.04 Acres

Details

General

School Information

  • School District: Allentown

Income/Expenses

  • Electric Expense: 480.0
  • Insurance Expense: 1450.0
  • Maintenance Expense: 1000.0
  • Net Operating Income: 33933.0
  • Water Sewer Expense: 1200.0

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Lehigh
  • MLS Area Major: Allentown-Central
  • Postal City: Allentown City
  • Subdivision Name: Not in Development

Tax Information

  • Tax Annual Amount: 2437.17
  • Tax Assessed Value: 75100

General Information

  • Parcel Number: 640704469633 1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: None
  • Zoning: R-MH

Interior

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Total: 3
  • Bedrooms Total: 3

General Information

  • Cooling: Wall/Window Unit(s)
  • Living Area: 2205.0
  • Living Area Source: Assessor
  • Stories: 3
  • Stories Total: 3

Exterior

Parking Information

  • Parking Features: On Street
  • Parking Total: 4.0

Lot Information

  • Lot Size Area: 1800.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 1800.0
  • Lot Size Units: Square Feet
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Total Rent: 1215.0
  • Actual Rent: 1215.0
  • Beds Total: 1
  • Baths Total: 1
  • Description: Month to Month

Unit 2 Details

  • Total Rent: 1350.0
  • Actual Rent: 1350.0
  • Beds Total: 1
  • Baths Total: 1
  • Description: Month to Month

Unit 4 Details

  • Total Rent: 175.0
  • Actual Rent: 175.0
  • Beds Total: 0
  • Baths Total: 0
  • Description: Garage

Unit 3 Details

  • Total Rent: 635.0
  • Actual Rent: 635.0
  • Beds Total: 1
  • Baths Total: 1
  • Description: Month to Month

744 N 5th Street Neighborhood

Community

18102 (Allentown City) Demographics

30
Median Age
16,327
Population Density (per sq. mile)
14%
College Educated
$34,538
Estimated Median Income
4,970
Estimated Total Home Owners
11,624
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

744 N 5th Street Monthly Cost

$
$ %
%
$
$
Lauren Gyza
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

744 N 5th Street Market Data

Based on the last 30 days in this zip code

$316,077
Average List Price
$86
Average Price per Square Foot
1
Properties Sold
64
Average Days on Market
9
Properties for Sale
Calculations provided by Reliance Network

744 N 5th Street History

Date Event Value Agent
5/29/2026Source: Greater Lehigh Valley MLS Price Reduction
$399,000 -3.9%
5/5/2026Source: Greater Lehigh Valley MLS Added to Database
May 05, 2026
7/28/2025Source: Greater Lehigh Valley MLS Added to Database
June 05, 2025