Investor Special! This 3-bedroom property at 420 N Law St, Allentown is priced at $149,900 and offers excellent rental potential. The previous tenant paid $1,150/month, with all utilities in tenant’s name. Owner expenses were limited to taxes and insurance, estimated at $1,900 annually. Based on prior rent, the property delivers a cap rate of approximately 8.3%, with room to increase rents for even stronger returns. Currently vacant, providing flexibility for new leasing or improvements. A clear Certificate of Occupancy will be provided, and the property features off-street parking in the rear plus a playground directly across the street—a great draw for tenants. Solid cash-flow potential at a competitive price!
Sold for $142,500
$142,500
420 N Law St, Allentown, PA 18102
3beds
1,148sqft
Townhouse, Multi Family
Built in 1901
1,089 Square Feet Lot
$147,500 Zestimate®
$124/sqft
$1,699 Estimated rent
Home value
$147,500
$133,000 - $165,000
$1,699/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Michael Gensey 484-357-6391,
DKR Property Mgmt & Maint LLC
Bought with:
Johann S. Torres Soto, RS377500
IronValley RE of Lehigh Valley
Source: GLVR,MLS#: 763334
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard, Electric
Cooling
- None
Interior area
- Total interior livable area: 1,148 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 1,089 Square Feet
Details
- Parcel number: 640702991022 001
- Zoning: R-MG-Medium Density
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Multi Family
Materials
- Brick
Condition
- Unknown
- Year built: 1901
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Old Frgrnds Historic
Location
- Region: Allentown
Financial & listing details
- Price per square foot: $124/sqft
- Tax assessed value: $1,541,500
- Annual tax amount: $1,353
- Date on market: 8/21/2025
- Cumulative days on market: 30 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2025 | Sold | $142,500-4.9%$124/sqft |
Source:  GLVR #763334 Report a problem | ||
| 9/20/2025 | Pending sale | $149,900$131/sqft |
Source: GLVR #763331 Report a problem | ||
| 8/21/2025 | Listed for sale | $149,900+49.9%$131/sqft |
Source: GLVR #763331 Report a problem | ||
| 10/3/2023 | Sold | $100,000+365.1%$87/sqft |
Source: Public Record Report a problem | ||
| 6/12/2020 | Listing removed | $850$1/sqft |
Source: KPMM Bethlehem Division LLC Report a problem | ||
| 6/8/2020 | Listed for rent | $850$1/sqft |
Source: KPMM Bethlehem Division LLC Report a problem | ||
| 5/1/2019 | Listing removed | $850$1/sqft |
Source: KPMM Bethlehem Division LLC Report a problem | ||
| 4/18/2019 | Listed for rent | $850+3%$1/sqft |
Source: KPMM Bethlehem Division LLC Report a problem | ||
| 5/8/2017 | Listing removed | $825$1/sqft |
Source: KPMM Bethlehem Div LLC Report a problem | ||
| 5/3/2017 | Listed for rent | $825$1/sqft |
Source: KPMM Bethlehem Div LLC Report a problem | ||
| 7/20/2012 | Sold | $21,500-17.3%$19/sqft |
Source: GLVR #430945 Report a problem | ||
| 5/26/2012 | Price change | $26,000-55.2%$23/sqft |
Source: Homepath Report a problem | ||
| 5/20/2012 | Listed for sale | -- |
Source: Homepath Report a problem | ||
| 11/7/2010 | Listing removed | $58,000$51/sqft |
Source: The Paragon Real Estate Group, Ltd. #362453 Report a problem | ||
| 5/30/2010 | Listed for sale | $58,000-3.3%$51/sqft |
Source: The Paragon Real Estate Group, Ltd. #362453 Report a problem | ||
| 10/29/2007 | Sold | $60,000+42.9%$52/sqft |
Source: Public Record Report a problem | ||
| 3/28/2005 | Sold | $42,000+40%$37/sqft |
Source: Public Record Report a problem | ||
| 4/4/2003 | Sold | $30,000+66.7%$26/sqft |
Source: Public Record Report a problem | ||
| 12/12/2002 | Sold | $18,000-55.6%$16/sqft |
Source: Public Record Report a problem | ||
| 4/6/1999 | Sold | $40,500+896.6%$35/sqft |
Source: Public Record Report a problem | ||
| 3/4/1998 | Sold | $4,064$4/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,258 | $41,500 |
| 2024 | $2,258 | $41,500 |
| 2023 | $2,258 | $41,500 |
| 2022 | $2,258 +3.4% | $41,500 |
| 2021 | $2,185 +1.5% | $41,500 |
| 2020 | $2,152 +11277.9% | $41,500 |
| 2019 | $19 +1.6% | $41,500 |
| 2018 | $19 | $41,500 |
| 2017 | -- | $41,500 |
| 2016 | -- | $41,500 |
| 2015 | -- | $41,500 |
| 2014 | -- | $41,500 +162.7% |
| 2012 | -- | $15,800 |
| 2011 | -- | $15,800 |
| 2010 | -- | $15,800 |
| 2009 | -- | $15,800 |
| 2008 | -- | $15,800 |
| 2007 | -- | $15,800 |
| 2006 | -- | $15,800 |
| 2005 | -- | $15,800 |
| 2004 | -- | $15,800 |
| 2003 | -- | $15,800 |
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
- 2/10Francis D Raub Middle SchoolGrades: 6-8Distance: 1.7 mi
- 2/10William Allen High SchoolGrades: 9-12Distance: 1.5 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.
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Estimated market value
$147,500
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
$147,500
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