Exceptional Investment Opportunity!
Don’t miss this 12% cap rate fully renovated 5-bedroom, 1.5-bath home, 1 car detached garage, beautifully updated in 2024 with brand-new windows, doors, flooring, fresh paint, and a modernized bathroom. Currently leased at $2,500/month with a one-year lease—tenants cover all utilities, keeping your operating costs impressively low.
Located just minutes from vibrant downtown Allentown, with easy access to Starbucks, restaurants, shops, and major commuting routes. Whether you're expanding your portfolio or making your first investment, this property delivers strong cash flow and long-term value.
Add this high-performing asset to your portfolio today! Home will come with clear CO.
Sold for $250,000
$250,000
123 N Penn St, Allentown, PA 18102
5beds
2,350sqft
Townhouse
Built in 1890
1,960 Square Feet Lot
$255,800 Zestimate®
$106/sqft
$2,218 Estimated rent
Home value
$255,800
$230,000 - $284,000
$2,218/mo
Zestimate® history
Owner options
List your home for rent
$2,218/mo
Rent Zestimate®
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$2,218/mo
Rent Zestimate®
Refinance and save
$1,718/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,718/mo
Est. payment
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List your homeWhat's special
Fresh paintBrand-new windowsModernized bathroom
Zillow last checked:
Listing updated:
Listed by:
Shawn Dullavin Sr 888-397-7352,
EXP Realty LLC
Bought with:
Shawn Dullavin Sr, RS371402
EXP Realty LLC
Source: GLVR,MLS#: 756660
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Third
- Dimensions: 10.00 x 11.00
Bedroom
- Level: Third
- Dimensions: 13.00 x 12.00
Bedroom
- Level: Second
- Dimensions: 13.00 x 13.00
Bedroom
- Level: Second
- Dimensions: 10.00 x 11.00
Bedroom
- Level: Second
- Dimensions: 12.00 x 13.00
Dining room
- Level: First
- Dimensions: 12.00 x 11.00
Foyer
- Level: First
- Dimensions: 10.00 x 3.00
Other
- Level: Second
- Dimensions: 8.00 x 8.00
Half bath
- Level: Basement
- Dimensions: 5.00 x 6.00
Kitchen
- Level: First
- Dimensions: 15.00 x 12.00
Living room
- Level: First
- Dimensions: 13.00 x 14.00
Other
- Level: Basement
- Dimensions: 60.00 x 14.00
Heating
- Baseboard
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Appliances, Electric Dryer, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
- Laundry: Electric Dryer Hookup
Features
- Dining Area, Separate/Formal Dining Room, Eat-in Kitchen
- Flooring: Ceramic Tile, Hardwood, Luxury Vinyl, Luxury VinylPlank
- Basement: Full
Interior area
- Total interior livable area: 2,350 sqft
- Finished area above ground: 1,750
- Finished area below ground: 600
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage
- Garage spaces: 1
Features
- Patio & porch: Balcony
- Exterior features: Awning(s), Balcony, Fence
- Fencing: Yard Fenced
Lot
- Size: 1,960 Square Feet
Details
- Parcel number: 640721171189 001
- Zoning: R-H-High Density Resident
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick
- Roof: Other
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Appliances
Community & HOA
Community
- Subdivision: Not in Development
Location
- Region: Allentown
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $76,400
- Annual tax amount: $2,489
- Date on market: 9/19/2025
- Cumulative days on market: 47 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership type: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $250,000$106/sqft |
Source:  GLVR #756660 Report a problem | ||
| 6/9/2025 | Pending sale | $250,000$106/sqft |
Source: GLVR #757918 Report a problem | ||
| 5/21/2025 | Listed for sale | $250,000$106/sqft |
Source: GLVR #756660 Report a problem | ||
| 5/19/2025 | Pending sale | $250,000$106/sqft |
Source: GLVR #756660 Report a problem | ||
| 5/14/2025 | Price change | $250,000-5.7%$106/sqft |
Source: GLVR #756660 Report a problem | ||
| 5/1/2025 | Price change | $265,000+6%$113/sqft |
Source: GLVR #756660 Report a problem | ||
| 3/23/2025 | Listed for sale | $250,000-16.7%$106/sqft |
Source: GLVR #754271 Report a problem | ||
| 7/18/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/15/2024 | Listed for rent | $2,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/4/2024 | Listing removed | -- |
Source:  Weichert Pro Report a problem | ||
| 6/10/2023 | Listed for sale | $300,000+76.5%$128/sqft |
Source: GLVR #718836 Report a problem | ||
| 6/9/2022 | Sold | $170,000$72/sqft |
Source: Public Record Report a problem | ||
| 5/21/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 5/19/2022 | Listed for rent | $2,500$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,157 | $76,400 |
| 2024 | $4,157 | $76,400 |
| 2023 | $4,157 | $76,400 |
| 2022 | $4,157 +3.4% | $76,400 |
| 2021 | $4,022 +1.5% | $76,400 |
| 2020 | $3,961 +11278.7% | $76,400 |
| 2019 | $35 +1.6% | $76,400 |
| 2018 | $34 | $76,400 |
| 2017 | -- | $76,400 |
| 2016 | -- | $76,400 |
| 2015 | -- | $76,400 |
| 2014 | -- | $76,400 +332.9% |
| 2012 | -- | $17,650 |
| 2011 | -- | $17,650 |
| 2010 | -- | $17,650 |
| 2009 | -- | $17,650 |
| 2008 | -- | $17,650 |
| 2007 | -- | $17,650 |
| 2006 | -- | $17,650 |
| 2005 | -- | $17,650 |
| 2004 | -- | $17,650 |
| 2003 | -- | $17,650 |
| 2002 | -- | $17,650 |
| 2000 | -- | $17,650 |
Find assessor info on the county website
Neighborhood: Jordan Heights/Old Fairgrounds
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Nearby schools
GreatSchools rating
- 5/10Central Elementary STREAM AcademyGrades: K-5Distance: 0.5 mi
- 4/10Harrison-Morton Middle SchoolGrades: 6-8Distance: 0.4 mi
- 2/10William Allen High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Central Elementary School
- Middle: Harrison-Morton Middle School
- High: William Allen High School
- District: Allentown
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$255,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$255,800
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