Courtesy of EXP Realty LLC, Akinlana Popoola , (610) 735-6082

744 N 5th Street, Allentown, Pennsylvania, 18102

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.

Active

$415,000

Condo/ Townhome/ Apartment

3 bds

3 ba

2,205 Sqft

0.04 Acre

MLS

776024

3 Stories

Built in 1900

Not in Development

2437.17 ()

Disclaimer: The information contained in this listing has not been verified by EXP Realty LLC and should be verified by the buyer.

Information provided by LVMLS

REQUEST MORE INFO

We will never spam you!

I agree to be contacted by the office for real estate purposes via call, email and/or text. Message frequency varies. To opt out, you can reply "stop" at any time or click the unsubscribe link in the emails. Message and data rates may apply. Reply HELP for help. View Terms of Service and Privacy Policy. If you'd like to unsubscribe click here.

ADDRESS & DIRECTIONS

  • Street Address: 744 N 5th Street
  • City: Allentown
  • State: Pennsylvania
  • County: Lehigh
  • Subdivision: Not in Development
  • 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.

PROPERTY FEATURES

General Information

  • Property Sub-Type Additional : Apartment
  • Zoning : R-MH

Heating /Cooling Features

  • Heating : Yes.
  • Heating : Baseboard
  • Cooling : WallWindowUnits

Parking Features

  • Parking Features :
  • Parking Total: 4

Construction Features

  • Construction Materials : Brick

Utility Information

  • Water Source : Public
  • Sewer System : PublicSewer

SCHOOLS NEAR 744 N 5th Street

  • Courtesy of EXP Realty LLC, Akinlana Popoola
  • Property last updated on LVMLS : 5/17/2026 7:39:35 AM