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$423,000

  • Sold
  • Closed
  • Apartment
  • 6 Beds
  • 3 Full Baths
  • 3,380 Sq. Ft.
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MULTIPLE OFFERS RECEIVED- HIGHEST AND BEST SUNDAY OCTOBER 12th BY NOON. Attention Investors - This fully renovated 3-unit, end-unit building in the heart of Allentown is a true diamond in the rough. Offering over a 12% CAP rate with potential to climb even higher, this property delivers strong immediate cash flow with exceptional long-term upside. Each apartment occupies an entire floor, giving tenants oversized layouts, privacy, and abundant natural light. Key Investment Highlights: "¢ Three full-floor apartments - 2 beds/1 bath each, with flexible layouts often adapted into 3-bedroom units. "¢ Bright, spacious interiors with high ceilings and extra-large windows. "¢ 6 total bedrooms, 3 full bathrooms. "¢ Individual electric hot water heaters for each unit. "¢ New washer/dryer hookups in Units 1 and 3. "¢ Lower-level front entrance with potential to monetize a large storage room. "¢ Tenant-paid utility surcharge ($90/month) covering water, sewer, trash, and heat-keeping operating expenses controlled. This property is already a cash flow powerhouse, with further upside available through rent increases, and storage rental. Sold with a clear CO and easy to show. Opportunities like this are rare to find-don't miss securing this diamond in the rough in one of Allentown's most desirable locations.

Full Property Details for 111 N 5th St

General

  • Sold For: $423,000
  • Taxes: $4,389
  • Status: Closed
  • Type: Apartment
  • Source: Lehigh_Valley
  • MLS ID: 763915
  • Added to Site: 108 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Washer Hookup

Additional Information

  • Security/Safety: Smoke Detector(s), Fire Escape

Parking

  • Parking Features: On Street

Location

  • Area: Allentown-Central
  • County: Lehigh
  • Subdivision: Not in Development
  • Driving Directions: Turn Right on American Parkway, Turn Left on W Gordon, Turn Left on North 5th St, property is located on the left

School Information

  • Elem School District: Allentown
  • Midd School District: Allentown
  • High School District: Allentown

Community

  • Home Owners Assn.: Lehigh Valley MLS

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), None
  • Heating Type: Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Construction: Stone
  • Stories/Levels: 3
  • Square Feet: 3,380
  • Living Area: 3,380 Sq. Ft.
  • Year Built: 1918

Lot Features

  • Lot Size (Acres): 0.033
  • Lot Size (Sq. Ft.): 1,440
  • Lot Size Source: Public Records
  • Zoning: R-H

Financial Considerations

  • Operating Expenses: $11,121
  • Tax Amount: $4,389.37

Disclosures and Reports

  • Property ID: 640711941954 1

Listed by NZO Realty
Sold by Pocono Mtn. Assoc. of REALTORS

Listing agent

— 111 N 5th St —

  • NZO Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 111 N 5th St

School District:Allentown City School District
NameGradesDistance
Central El School, Allentown, PA
829 West Turner Street, Allentown, PA 18102
1-50.4 mi
Lincoln Early Chld Center
1402 Walnut Street, Allentown, PA 18102
PK-51.1 mi
Harrison-Morton Middle School
137 North 2nd Street, Allentown, PA 18101
6-80.5 mi
William Allen High School
106 N 17th St, Allentown, PA 18104
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 111 N 5th St

Date
Details
Price
Change
Source
12/10/2025
Sold
$423,000
—
MLS
10/12/2025
Price Increased
$423,000
5.76%
MLS
10/03/2025
Listed
$399,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by NZO Realty
Sold by Pocono Mtn. Assoc. of REALTORS

111 N 5th Street, Allentown City, PA 18102 (MLS# 763915) is a Apartment property that was sold at $423,000 on December 10, 2025. Want to learn more about 111 N 5th Street? Do you have questions about finding other Apartment real estate for sale in Allentown City? You can browse all Allentown City real estate or contact a Coldwell Banker agent to request more information.