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Sold for $470,000
  • $470,000

    334 N Law St, Allentown, PA 18102

    10beds
    3,528sqft
    Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
    Built in 1915
    -- sqft lot
    $547,400 Zestimate®
    $133/sqft
    $1,414 Estimated rent

    Home value

    $547,400

    $509,000 - $591,000

    $1,414/mo

    Zestimate® history
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    $1,414/mo

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    Rent Zestimate®

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    $3,106/mo

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    $3,106/mo

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    What's special

    ***Highest & Best due Tuesday (6/11) by 6pm*** Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 10.25% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 10.25% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major roads, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach.

    Zillow last checked:

    Listing updated:

    Listed by:

    Rick Matos 484-515-8705,

    IronValley RE of Lehigh Valley

    Bought with:

    Matt Ricchio, RS347298

    Keller Williams Allentown

    Source: GLVR,MLS#: 739226MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Electric
    Cooling
    • None
    Interior area
    • Total interior livable area: 3,528 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street, Parking Pad, On Street
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 2,090 Square Feet
    Details
    • Parcel number: 640712055671001
    • Zoning: R-MH-MEDIUM HIGH DENSITY
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
    Materials
    • Brick, Vinyl Siding
    Condition
    • Year built: 1915

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Not in Development
    Location
    • Region: Allentown

    Financial & listing details

    • Price per square foot: $133/sqft
    • Tax assessed value: $137,300
    • Annual tax amount: $4,353
    • Date on market: 6/6/2024
    • Cumulative days on market: 20 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/18/2024Sold$470,000-1.9%$133/sqft
    Source: GLVR #739226 Report a problem
    6/12/2024Pending sale$479,000$136/sqft
    Source: GLVR #739226 Report a problem
    6/6/2024Listed for sale$479,000-11.3%$136/sqft
    Source: GLVR #739226 Report a problem
    6/3/2024Listing removed$540,000$153/sqft
    Source: GLVR #738273 Report a problem
    5/8/2024Listed for sale$540,000$153/sqft
    Source: GLVR #737521 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Jordan Heights/Old Fairgrounds

    Nearby schools

    GreatSchools rating
    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.

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    Estimated market value
    $547,400
    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
    $547,400