Introducing an exceptional Home for the near Future, OR investment opportunity in Allentown! This three-bedroom single-family home at 1406 S Jefferson St, currently leased until 10/31/24 with tenants in place since 10/2022, offers a remarkable gross income of $22,992 and a substantial net income of $19,346.68. With tenants covering all utilities and the owner handling taxes, insurance, and trash removal, this property is hassle-free. Additionally, the well-maintained, fenced yard and parking space for up to three cars in the driveway enhance its appeal. Priced competitively at $230,000, this property boasts an attractive cap rate of approximately 8.41%, ensuring a solid return on your investment. Don't miss out on this golden opportunity to diversify your portfolio with a property that combines reliable income and great features. Contact us today, and secure your investment in this Allentown gem!
Sold for $229,000
$229,000
1406 S Jefferson St, Allentown, PA 18103
3beds
2,288sqft
Townhouse, Single Family Residence
Built in 1944
5,575 Square Feet Lot
$283,900 Zestimate®
$100/sqft
$2,557 Estimated rent
Home value
$283,900
$267,000 - $301,000
$2,557/mo
Zestimate® history
Owner options
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$2,557/mo
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$2,557/mo
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$1,594/mo
Est. payment
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$1,594/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jennifer L. DeJesus 610-217-6330,
Steel City Realty
Bought with:
Jeremy E. Wheeler, RC201703
IronValley RE of Lehigh Valley
Source: GLVR,MLS#: 732150
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
- Dimensions: 12.00 x 11.00
Bedroom
- Level: Second
- Dimensions: 11.00 x 12.00
Bedroom
- Level: Second
- Dimensions: 11.00 x 11.60
Primary bathroom
- Level: Second
- Dimensions: 5.00 x 6.00
Dining room
- Level: First
- Dimensions: 11.00 x 10.50
Half bath
- Level: First
- Dimensions: 10.40 x 3.60
Kitchen
- Level: First
- Dimensions: 11.00 x 11.00
Living room
- Level: First
- Dimensions: 11.00 x 21.00
Other
- Description: Laundry Room
- Level: Basement
- Dimensions: 21.00 x 11.00
Recreation
- Level: Basement
- Dimensions: 21.00 x 10.70
Heating
- Baseboard, Electric, Oil
Cooling
- None
Appliances
- Included: Electric Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
- Laundry: Electric Dryer Hookup
Features
- Dining Area, Eat-in Kitchen
- Basement: Full
Interior area
- Total interior livable area: 2,288 sqft
- Finished area above ground: 1,144
- Finished area below ground: 1,144
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Off Street
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 5,575 Square Feet
Details
- Parcel number: 549693038168001
- Zoning: R-M-MEDIUM DENSITY RESIDE
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Townhouse, Single Family Residence
- Attached to another structure: Yes
Materials
- Brick
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1944
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Not in Development
Location
- Region: Allentown
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $104,700
- Annual tax amount: $3,637
- Date on market: 1/26/2024
- Cumulative days on market: 6 days
- Listing terms: Cash,Conventional
- Ownership type: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/30/2024 | Listing removed | $2,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/1/2024 | Listed for rent | $2,150+17.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/29/2024 | Sold | $229,000-0.4%$100/sqft |
Source:  GLVR #732150 Report a problem | ||
| 2/1/2024 | Pending sale | $230,000$101/sqft |
Source: GLVR #732150 Report a problem | ||
| 1/25/2024 | Listed for sale | $230,000+43.8%$101/sqft |
Source: GLVR #731031 Report a problem | ||
| 10/7/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/16/2022 | Listed for rent | $1,825+15.9%$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/25/2020 | Listing removed | $1,575$1/sqft |
Source: IronValley RE of Lehigh Valley #646012 Report a problem | ||
| 8/22/2020 | Listed for rent | $1,575$1/sqft |
Source: IronValley RE of Lehigh Valley #646012 Report a problem | ||
| 8/19/2020 | Sold | $160,000+0.6%$70/sqft |
Source: GLVR #640522 Report a problem | ||
| 7/8/2020 | Listed for sale | $159,000$69/sqft |
Source: Morganelli Properties LLC #640522 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,697 | $104,700 |
| 2024 | $5,697 | $104,700 |
| 2023 | $5,697 | $104,700 |
| 2022 | $5,697 +3.4% | $104,700 |
| 2021 | $5,512 +1.5% | $104,700 |
| 2020 | $5,428 +11279.7% | $104,700 |
| 2019 | $48 +1.6% | $104,700 |
| 2018 | $47 | $104,700 |
| 2017 | -- | $104,700 |
| 2016 | -- | $104,700 |
| 2015 | -- | $104,700 |
| 2014 | -- | $104,700 +173.4% |
| 2012 | -- | $38,300 |
| 2011 | -- | $38,300 |
| 2010 | -- | $38,300 |
| 2009 | -- | $38,300 |
| 2008 | -- | $38,300 |
| 2007 | -- | $38,300 |
| 2006 | -- | $38,300 |
| 2005 | -- | $38,300 |
| 2004 | -- | $38,300 |
| 2003 | -- | $38,300 |
Find assessor info on the county website
Neighborhood: Little Lehigh
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Nearby schools
GreatSchools rating
- 8/10Lehigh Parkway Elementary SchoolGrades: K-5Distance: 0.5 mi
- 2/10South Mountain Middle SchoolGrades: 6-8Distance: 1.1 mi
- 2/10William Allen High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Lehigh Parkway El.
- Middle: South Mountain Middle School
- High: William Allen HS
- 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
$283,900
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
$283,900
- Pennsylvania
- Lehigh County
- Allentown
- 18103
- Little Lehigh
- 1406 S Jefferson St
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