123 N Penn Street, Allentown City, PA 18102 - Photo 1

1/1

$250,000

Sold
Closed
Townhouse
5 Beds
1 Full Bath
1 Partial Bath
2,350 Sq. Ft.
1 Car Garage

1/1

Property Description

Exceptional Investment Opportunity! Don't miss this 12% cap rate fully renovated 5-bedroom, 1.5-bath home, 1 car detached garage, beautifully updated in 2024 with brand-new windows, doors, flooring, fresh paint, and a modernized bathroom. Currently leased at $2,500/month with a one-year lease-tenants cover all utilities, keeping your operating costs impressively low. Located just minutes from vibrant downtown Allentown, with easy access to Starbucks, restaurants, shops, and major commuting routes. Whether you're expanding your portfolio or making your first investment, this property delivers strong cash flow and long-term value. Add this high-performing asset to your portfolio today! Home will come with clear CO.

Full Property Details

Full Property Details for 123 N Penn St

General

Sold For: $250,000
Taxes: $2,489
Status: Closed
Type: Townhouse
Source: Lehigh_Valley
MLS ID: 756660
Added to Site: 261 day(s) ago

Interior

Number of Rooms: 9
Interior Features: Dining Area, Separate/Formal Dining Room, Eat-in Kitchen
Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Electric Dryer, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
Flooring: Ceramic Tile, Hardwood, Luxury Vinyl, Luxury VinylPlank

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 5

Other Rooms

Laundry: Electric Dryer Hookup

Exterior

Exterior Features: Awning(s), Balcony, Fence
Porch/Patio/Deck: Balcony

Parking

Garage: Yes
Garage Spaces: 1
Parking Features: Detached, Garage

Location

Area: Allentown-Central
County: Lehigh
Subdivision: Not in Development
Driving Directions: off rt 22 take fullerton ave exit merge onto fullerton ave turn right onto american pkwy turn right onto linden turn right onto n penn st stop at 123 n penn st.

School Information

Elem School District: Allentown
Midd School District: Allentown
High School District: Allentown
Elementary School: Central Elementary School
Middle School: Harrison-Morton Middle School
High School: William Allen High School

Community

Home Owners Assn.: Lehigh Valley MLS

Heating & Cooling

Cooling Type: Wall/Window Unit(s)
Heating Type: Baseboard

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Other
Construction: Brick
Basement Desc.: Full
Roof: Other
Square Feet: 2,350
Living Area: 2,350 Sq. Ft.
Year Built: 1890

Lot Features

Lot Size (Acres): 0.045
Lot Size (Sq. Ft.): 1,962
Zoning: R-H-High Density Resident
Fencing (Description): Yard Fenced

Green Features

Energy Efficient: Appliances

Financial Considerations

Tax Amount: $2,489
Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

Property ID: 640721171189 001

Listed and Sold by EXP Realty LLC

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— 123 N Penn St —

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Schools

Schools serving 123 N Penn St

School District:Allentown City School District

Name	Grades	Distance
Central El School, Allentown, PA 829 West Turner Street, Allentown, PA 18102	1-5	0.5 mi
Lincoln Early Chld Center 1402 Walnut Street, Allentown, PA 18102	PK-5	1.1 mi
Harrison-Morton Middle School 137 North 2nd Street, Allentown, PA 18101	6-8	0.4 mi
William Allen High School 106 N 17th St, Allentown, PA 18104	9-12	1.5 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 123 N Penn St

Date

Details

Price

Change

Source

8/15/2025

Sold

$250,000

—

MLS

5/14/2025

Price Reduced

$250,000

-5.66%

MLS

5/01/2025

Listed

$265,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

123 N Penn Street, Allentown City, PA 18102 (MLS# 756660) is a Townhouse property that was sold at $250,000 on August 15, 2025. Want to learn more about 123 N Penn Street? Do you have questions about finding other Townhouse 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.

123 N Penn St Allentown City, PA 18102