MULTIPLE OFFERS RECEIVED ***H&B is due Tuesday (1/21/25) by 5pm***
Exceptional Investment Opportunity – 3-Unit Multifamily Property!
- Offered at $345,000
- Cap Rate: 8.3% (self-managed)
Discover the perfect addition to your real estate portfolio with this three-unit building that combines strong cash flow with immediate upside potential. Featuring two spacious two-bedroom units and a well-sized studio, this property is designed for consistent income and future growth.
Key Highlights:
• Impressive Income: Gross rents are nearing $35,000 annually, with room for rent roll increases.
• Expense Control: Owner has implemented RUBS (Ratio Utility Billing System) in 2 of 3 units, lowering operating expenses and boosting cash flow.
• Strong Cap Rate: Enjoy an 8.3% cap rate, making this a high-performing asset for savvy investors.
• Upside Potential: With rents slightly below market, there’s significant opportunity for increased income.
Sold for $345,000
$345,000
24 S 11th St, Allentown, PA 18102
5beds
2,336sqft
Multi Family, Apartment, Single Family Residence
Built in 1900
-- sqft lot
$356,100 Zestimate®
$148/sqft
$1,884 Estimated rent
Home value
$356,100
$317,000 - $399,000
$1,884/mo
Zestimate® history
Owner options
List your home for rent
$1,884/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,884/mo
Rent Zestimate®
Refinance and save
$2,260/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,260/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Spacious two-bedroom unitsWell-sized studio
Zillow last checked:
Listing updated:
Listed by:
Frank J. Renaldi, Jr. 484-788-8682,
CENTURY 21 Pinnacle
Bought with:
Nate Gaugler, RS349134
RE/MAX 440
Source: GLVR,MLS#: 751098
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- None
Interior area
- Total interior livable area: 2,336 sqft
Property
Features
- Stories: 3
Lot
- Size: 1,263 sqft
Details
- Parcel number: 549689827227 001
- Zoning: RH
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment, Single Family Residence
Materials
- Brick
Condition
- Unknown
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2025 | Sold | $345,000$148/sqft |
Source:  GLVR #751098 Report a problem | ||
| 1/26/2025 | Pending sale | $345,000$148/sqft |
Source: GLVR #751098 Report a problem | ||
| 1/18/2025 | Listed for sale | $345,000+46.8%$148/sqft |
Source: GLVR #751098 Report a problem | ||
| 6/18/2021 | Sold | $235,000$101/sqft |
Source: GLVR #664898 Report a problem | ||
| 5/4/2021 | Pending sale | $235,000$101/sqft |
Source: GLVR #664898 Report a problem | ||
| 4/14/2021 | Listed for sale | $235,000+78%$101/sqft |
Source: GLVR #664898 Report a problem | ||
| 4/2/2020 | Sold | $132,000+14.8%$57/sqft |
Source: Public Record Report a problem | ||
| 10/4/2010 | Sold | $115,000-20.7%$49/sqft |
Source: Public Record Report a problem | ||
| 5/4/2005 | Sold | $145,000+141.2%$62/sqft |
Source: Public Record Report a problem | ||
| 1/20/2004 | Sold | $60,117+7.4%$26/sqft |
Source: Public Record Report a problem | ||
| 3/22/2000 | Sold | $56,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,207 | $95,700 |
| 2024 | $5,207 | $95,700 |
| 2023 | $5,207 | $95,700 |
| 2022 | $5,207 +3.4% | $95,700 |
| 2021 | $5,038 +1.5% | $95,700 |
| 2020 | $4,962 +11279.7% | $95,700 |
| 2019 | $44 +1.6% | $95,700 |
| 2018 | $43 | $95,700 |
| 2017 | -- | $95,700 |
| 2016 | -- | $95,700 |
| 2015 | -- | $95,700 |
| 2014 | -- | $95,700 +179.4% |
| 2012 | -- | $34,250 |
| 2011 | -- | $34,250 |
| 2010 | -- | $34,250 |
| 2009 | -- | $34,250 |
| 2008 | -- | $34,250 |
| 2007 | -- | $34,250 |
| 2006 | -- | $34,250 |
| 2005 | -- | $34,250 |
| 2004 | -- | $34,250 |
| 2003 | -- | $34,250 |
| 2002 | -- | $34,250 |
| 2000 | -- | $34,250 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Union Terrace Elementary SchoolGrades: K-5Distance: 0.9 mi
- 2/10Francis D Raub Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10William Allen High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Allentown
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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
$356,100
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
$356,100
- Pennsylvania
- Lehigh County
- Allentown
- 18102
- Downtown
- 24 S 11th St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Allentown Topics
