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Sold for $425,000
  • $425,000

    500 W Pennsylvania Ave, Pen Argyl, PA 18072

    7beds
    2,745sqft
    Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $155/sqft
    $2,000 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,000/mo

    Zestimate® history
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    What's special

    4-Unit Investment Property | Fully Occupied | $56K+ Annual Income Fantastic opportunity to own a fully leased 4-unit multifamily property in the heart of Pen Argyl Borough. This well-maintained asset offers a mix of 1- 2- and 3 bedroom units with long-term tenants in place, providing strong and stable cash flow from day one. Built in 1900, this detached building offers 2,257 square feet of rentable space. All utilities are paid by tenants through RUBS (Ratio Utility Billing System), keeping operating costs low. The property produces a gross annual income of $56,535, with a net income of $42,221 and total expenses of just $14,314, including taxes, insurance, management, and minimal owner-paid utilities. This property is currently under professional management and the management company is offering an incentive to the future buyer if management is continued. Offering Memorandum available upon request.

    Zillow last checked:

    Listing updated:

    Listed by:

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

    CENTURY 21 Pinnacle

    Bought with:

    Evelyn Martinez, RS280034

    Bellman & Radcliff

    Source: GLVR,MLS#: 759214MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Interior area
    • Total interior livable area: 2,745 sqft

    Property

    Parking
    • Parking features: No Garage, On Street
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    Lot
    • Size: 6,098 Square Feet
    Details
    • Parcel number: E8NE1C 4 12 0625
    • Zoning: R7
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
    Materials
    • Vinyl Siding
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Not in Development
    Location
    • Region: Pen Argyl

    Financial & listing details

    • Price per square foot: $155/sqft
    • Tax assessed value: $52,200
    • Annual tax amount: $4,207
    • Date on market: 6/17/2025
    • Cumulative days on market: 102 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    11/25/2025Sold$425,000-14.1%$155/sqft
    Source: GLVR #759214 Report a problem
    7/29/2025Contingent$495,000$180/sqft
    Source: GLVR #759214 Report a problem
    6/21/2025Listed for sale$495,000+94.1%$180/sqft
    Source: GLVR #759214 Report a problem
    3/14/2024Listing removed--
    Source: Zillow Rentals Report a problem
    3/7/2024Listed for rent$925-7%
    Source: Zillow Rentals Report a problem
    2/5/2024Listing removed--
    Source: GLVR #729786 Report a problem
    2/1/2024Listed for rent$995
    Source: GLVR #729786 Report a problem
    1/31/2024Listing removed--
    Source: Zillow Rentals Report a problem
    12/22/2023Listed for rent$995
    Source: Zillow Rentals Report a problem
    8/19/2021Sold$255,000+14.9%$93/sqft
    Source: Public Record Report a problem
    12/28/2020Listing removed--
    Source: Owner Report a problem
    9/26/2018Listing removed$221,900$81/sqft
    Source: Owner Report a problem
    6/23/2018Price change$221,900-5.2%$81/sqft
    Source: Owner Report a problem
    5/9/2018Listed for sale$234,000$85/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,207 -0.3%$52,200
    2024$4,221 $52,200
    2023$4,221 $52,200
    2022$4,221 +585.3%$52,200
    2021$616 $52,200
    2020$616 $52,200
    2018$616 $52,200
    2017-- $52,200
    2016-- $52,200
    2015-- $52,200
    2014-- $52,200
    2013-- $52,200
    2012-- $52,200
    2011-- $52,200
    2010-- $52,200
    2004-- $52,200
    2003-- $52,200
    2002-- $52,200
    Find assessor info on the county website

    Neighborhood: 18072

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Pen Argyl

    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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