Date
Details
Price
Change
Source
5/05/2026
Listed
$415,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Fully occupied three-unit investment opportunity generating $40,500 in gross income and $33,933 in net income, offering immediate cash flow with additional upside. The property consists of three spacious 1-bedroom units, a proven and efficient unit mix supported by consistent rental demand in the area. All units are currently occupied on month-to-month leases, providing a new owner with full flexibility to increase rents to market and unlock additional value from day one. Tenants pay electric heat (baseboard) and gas for cooking, both separately metered, while landlord expenses are limited to taxes, insurance, and water/sewer, resulting in a low-expense, efficient operating profile. Situated on a corner lot, the property features a solid brick exterior, offering long-term durability and reduced maintenance. Additional income is generated from a garage, and the large basement presents clear value-add potential through coin-operated laundry and/or tenant storage. The asset is located in a high-demand rental corridor, supporting strong occupancy and tenant retention.
Full Property Details
Full Property Details for 744 N 5th St
General
- Price: $415,000
- Taxes: $2,418 (2025)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PALH2015446
- Updated: 5/5/2026
- Added to Site: 1 day(s) ago
Rental Information
- Lease Info: Month to Month
Exterior
- Exterior Features: Fire Escape, Outbuilding(s), Sidewalks, Street Lights, Other
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Type: On Street, Detached Garage
- Garage Description: Garage - Rear Entry
Location
- Area: Allentown City (12302)
- Municipality: ALLENTOWN CITY
- County: LEHIGH
- Driving Directions: From Route 22, take the exit for Allentown and head south on N 5th Street. Continue on N 5th Street—744 N 5th Street will be on your right near the Center City area.
- Location Details: Rural
School Information
- School District: Allentown
- High School: William Allen
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Structure Type: End of Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Outside Entrance, Poured Concrete, Side Entrance, Unfinished, Other
- Foundation: Stone
- Stories/Levels: 3
- Sq. Ft. Source: Assessor
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Average
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Property View: City
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,800
- Lot Size Source: Assessor
- Lot Dimensions: 15.00 x 120.00
- Street/Road Desc.: Black Top
- Zoning: R-MH
Financial Considerations
- Assessment Year: 2025
- School Tax: $1,700
- City/TownTax: $435
- City/TownTax Freq: Annually
- County Tax: $283
- County Tax Freq: Annually
- Tax w/Assessment: $75,100
- Tax Amount: $2,418
- Tax Year: 2025
- Owner Pays: Insurance, Sewer, Taxes - Real Estate, Water
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: Appliance
- Lot Number: 21
Listed by eXp Commercial, james J Reardon
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Listing agent
— 744 N 5th St —
james J Reardon
eXp Commercial
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 744 N 5th St
School District:Allentown City School District
| Name | Grades | Distance |
|---|---|---|
Sheridan El School 521 North 2nd Street, Allentown, PA 18102 | 1-5 | 0.5 mi |
Trexler Middle School 851 North 15th Street, Allentown, PA 18102 | 6-8 | 1.1 mi |
William Allen High School 106 N 17th St, Allentown, PA 18104 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 744 N 5th St
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- Townhouse
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744 N 5th Street, Allentown, PA 18103 (MLS# PALH2015446) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 744 N 5th Street is currently listed for $415,000 and was received on May 05, 2026. Want to learn more about 744 N 5th Street? Do you have questions about finding other Townhouse real estate for sale in Allentown? You can browse all Allentown real estate or contact a Coldwell Banker agent to request more information.