Exceptional Investment Opportunity - Fully Occupied 3-Unit Property
Attention astute investors! Your search for a high-performing income property ends here. This well maintained 3-unit gem, fully occupied with tenants covering their utilities, is your ticket to financial success. With a robust gross annual income of $37,716 and efficiently managed expenses at $3,492, including taxes, insurance, and common meter costs, this property delivers an impressive net income of $34,224 annually. What's more, all units come with existing leases and deposits, ensuring stability from day one. This investment boasts an enviable cap rate of approximately 10+%. Don't let this golden opportunity slip through your fingers—contact us today and secure your spot in the world of lucrative real estate investments!
Sold for $319,500
$319,500
717 W Washington St, Allentown, PA 18102
4beds
1,968sqft
Townhouse, Multi Family
Built in 1900
1,916 Square Feet Lot
$354,000 Zestimate®
$162/sqft
$2,269 Estimated rent
Home value
$354,000
$336,000 - $372,000
$2,269/mo
Zestimate® history
Owner options
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$2,066/mo
Est. payment
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$2,066/mo
Est. payment
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Common meter costs
Zillow last checked:
Listing updated:
Listed by:
Jennifer L. DeJesus 610-217-6330,
Steel City Realty
Bought with:
Felisha M. Ortiz
Realty One Group Exclusive
Source: GLVR,MLS#: 729714
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric
Cooling
- None
Interior area
- Total interior livable area: 1,968 sqft
Property
Parking
- Parking features: Off Site
Features
- Stories: 3
Lot
- Size: 1,916 Square Feet
- Dimensions: 16 x 120
Details
- Parcel number: 549794242521001
- Zoning: R-MH-MEDIUM HIGH DENSITY
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Multi Family
Materials
- Brick
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Not in Development
Location
- Region: Allentown
Financial & listing details
- Price per square foot: $162/sqft
- Tax assessed value: $65,400
- Annual tax amount: $2,126
- Date on market: 12/28/2023
- Cumulative days on market: 4 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2024 | Sold | $319,500-1.7%$162/sqft |
Source:  GLVR #729714 Report a problem | ||
| 1/2/2024 | Pending sale | $325,000$165/sqft |
Source: GLVR #729714 Report a problem | ||
| 12/28/2023 | Listed for sale | $325,000+58.5%$165/sqft |
Source: GLVR #729714 Report a problem | ||
| 8/31/2021 | Sold | $205,000+424.3%$104/sqft |
Source: Public Record Report a problem | ||
| 9/2/2010 | Sold | $39,100+0.3%$20/sqft |
Source: Public Record Report a problem | ||
| 8/26/2010 | Price change | $39,000-39.9%$20/sqft |
Source: Web Agent Solutions, Inc #366539 Report a problem | ||
| 7/17/2010 | Listed for sale | $64,900$33/sqft |
Source: Century 21 Keim Realtors #357189 Report a problem | ||
| 6/16/2010 | Listing removed | $64,900$33/sqft |
Source: Century 21 Keim Realtors #357189 Report a problem | ||
| 5/29/2010 | Listed for sale | $64,900-65.7%$33/sqft |
Source: Century 21 Keim Realtors #357189 Report a problem | ||
| 10/9/2006 | Sold | $189,000+27.7%$96/sqft |
Source: Public Record Report a problem | ||
| 1/13/2006 | Sold | $148,000+18.4%$75/sqft |
Source: Public Record Report a problem | ||
| 10/20/2004 | Sold | $125,000+190.7%$64/sqft |
Source: Public Record Report a problem | ||
| 2/1/2001 | Sold | $43,000$22/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,559 | $65,400 |
| 2024 | $3,559 | $65,400 |
| 2023 | $3,559 | $65,400 |
| 2022 | $3,559 +3.4% | $65,400 |
| 2021 | $3,443 +1.5% | $65,400 |
| 2020 | $3,391 +11278% | $65,400 |
| 2019 | $30 +1.6% | $65,400 |
| 2018 | $29 | $65,400 |
| 2017 | -- | $65,400 |
| 2016 | -- | $65,400 |
| 2015 | -- | $65,400 |
| 2014 | -- | $65,400 +131.5% |
| 2012 | -- | $28,250 -36.2% |
| 2011 | -- | $44,300 |
| 2009 | -- | $44,300 |
| 2008 | -- | $44,300 |
| 2007 | -- | $44,300 |
| 2006 | -- | $44,300 |
| 2005 | -- | $44,300 |
| 2004 | -- | $44,300 |
| 2003 | -- | $44,300 |
Find assessor info on the county website
Neighborhood: 8th Ward
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Washington Elementary SchoolGrades: 1-5Distance: 0.2 mi
- 2/10Trexler Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10William Allen High SchoolGrades: 9-12Distance: 1.3 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
$354,000
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
$354,000
- Pennsylvania
- Lehigh County
- Allentown
- 18102
- 8th Ward
- 717 W Washington St
Nearby cities
Nearby neighborhoods
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