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Sold for $305,000
  • $305,000

    420 N 4th St, Allentown, PA 18102

    3beds
    1,957sqft
    Townhouse, Multi Family, Apartment
    Built in 1890
    2,221 Square Feet Lot
    $300,500 Zestimate®
    $156/sqft
    $2,132 Estimated rent

    Home value

    $300,500

    $273,000 - $325,000

    $2,132/mo

    Zestimate® history
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    What's special

    Newer roof
    Multifamily Investment – 420 N. 4th St, Allentown, PA Seize the opportunity to own 420 N. 4th St, a fully occupied three-unit multifamily property offering strong cash flow and growth potential in the heart of Allentown. With a high 9.07% cap rate, low operating expenses, and rents near market rates, this property is a prime investment for long-term returns. Financial Highlights: • Price: $315,000 ($105,000 per unit) • Current NOI: $28,574 | Pro Forma NOI: $29,568 • Current Cap Rate: 9.07% | Pro Forma Cap Rate: 9.39% • 100% occupancy with stable long-term tenants • Cash-on-Cash Return: 11.73% (current) | 12.99% (pro forma) Property Features: • 3 units: All one-bedroom, one-bath apartments • Newer roof (4 years old) • Public utilities & tenant-paid expenses, maximizing investor returns • RUBS system in place, offsetting natural gas utility costs Investment Potential: • Market rents suggest additional income growth • Low operating expenses, maximizing net returns • Situated in a growing rental market with a projected 4.95% population growth within 1 mile This turnkey, high-yield asset is an excellent addition to any investment portfolio. Schedule your private showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Frank J. Renaldi, Jr. 484-788-8682,

    CENTURY 21 Pinnacle

    Bought with:

    Gary Elbert, RS205118L

    Bellman & Radcliff

    Source: GLVR,MLS#: 753876MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Gas
    Cooling
    • None
    Interior area
    • Total interior livable area: 1,957 sqft

    Property

    Parking
    • Total spaces: 2
    Features
    • Stories: 3
    Lot
    • Size: 2,221 Square Feet
    Details
    • Parcel number: 640713823563001
    • Zoning: R-MH-MEDIUM HIGH DENSITY
    • Special conditions: None

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse, Multi Family, Apartment
    Materials
    • Brick
    Condition
    • Year built: 1890

    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: $156/sqft
    • Tax assessed value: $65,100
    • Annual tax amount: $2,124
    • Date on market: 3/15/2025
    • Cumulative days on market: 4 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/11/2025Sold$305,000-3.2%$156/sqft
    Source: GLVR #753876 Report a problem
    3/19/2025Pending sale$315,000$161/sqft
    Source: GLVR #753876 Report a problem
    3/15/2025Listed for sale$315,000+83.7%$161/sqft
    Source: GLVR #753876 Report a problem
    2/22/2021Sold$171,500+0.9%$88/sqft
    Source: GLVR #656709 Report a problem
    12/27/2020Pending sale$169,900$87/sqft
    Source: RE/MAX Central #656709 Report a problem
    12/20/2020Listed for sale$169,900+44%$87/sqft
    Source: RE/MAX Central - Allentown #656709 Report a problem
    3/15/2018Sold$118,000$60/sqft
    Source: GLVR #569118 Report a problem
    1/31/2018Listed for sale$118,000+7.3%$60/sqft
    Source: Lehigh Valley Regional Realty #569118 Report a problem
    3/3/2016Listing removed$109,999$56/sqft
    Source: Keller Williams - Northampton County #503362 Report a problem
    8/26/2015Listed for sale$109,999-35.9%$56/sqft
    Source: Keller Williams Real Estate #503362 Report a problem
    1/1/2000Sold$171,500$88/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,542 $65,100
    2024$3,542 $65,100
    2023$3,542 $65,100
    2022$3,542 +3.4%$65,100
    2021$3,427 +1.5%$65,100
    2020$3,375 +11279.3%$65,100
    2019$30 +1.6%$65,100
    2018$29 $65,100
    2017-- $65,100
    2016-- $65,100
    2015-- $65,100
    2014-- $65,100 +208.5%
    2012-- $21,100
    2011-- $21,100
    2010-- $21,100
    2009-- $21,100
    2008-- $21,100
    2007-- $21,100
    2006-- $21,100
    2005-- $21,100
    2004-- $21,100
    2003-- $21,100
    Find assessor info on the county website

    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
    $300,500
    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
    $300,500