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744 N 5th Street
Allentown City PA 18102 US

$415,000

Active Listing ID 776024
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3 bed
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3.00 Bath (3 Full)
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Lot: 0.04 Acres
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Apartment

$415,000

Active Listing ID 776024
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744 N 5th Street 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.

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Property Features

  • Facts
  • Lot Size: 0.04 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 3
  • Cooling System: Window Unit(s)
  • Heating Fuels: Baseboard

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 415000
  • unparsedaddress: 744 N 5th Street
  • postalcity: Allentown City
  • stateorprovince: PA
  • country: US
  • postalcode: 18102
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.041
  • lotsizeunits: Acres
  • lotsizearea: 0.041
  • livingarea: 2205
  • livingareaunits: Square Feet
  • latitude: 40.613949
  • longitude: -75.473322
  • listagentfullname: Akinlana Popoola
  • listagentemail: popoola.akin06@gmail.com
  • listagentkey: 3yd-LVARPA-apopoola
  • listagentmlsid: apopoola
  • listagentpreferredphone: (412) 925-5551
  • listagentofficephone: 6107356082
  • listofficekey: 3yd-LVARPA-EXPR
  • listofficemlsid: EXPR
  • disclaimer: Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: LVARPA
  • yearbuilt: 1900
  • listingcontractdate: 2026-04-29
  • listagentfax: 4123607875
  • listagenturl: http://expenterprise.com
  • countyorparish: Lehigh
  • parcelnumber: 640704469633 1
  • elementaryschooldistrict: Allentown
  • middleorjuniorschooldistrict: Allentown
  • highschooldistrict: Allentown
  • cooling: Window Unit(s)
  • constructionmaterials: Brick
  • heating: Baseboard
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 4
  • parkingfeatures: On Street
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.47332, 40.61395
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"exp Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"popoola.akin06@gmail.com", "ListBrokerageCity":"pittsburgh", "ListBrokerageCountry":"US", "ListBrokerageEmail":"john.tanney@exprealty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"exp Realty", "ListBrokeragePhone":"(412) 925-5551", "ListBrokeragePostalCode":"15216", "ListBrokerageStateOrProvince":"PA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1653 mcfarland rd", "ListBrokerageWebsiteUrl":"http://expenterprise.com", "ListOfficeAddress1":"168 W Ridge Pike, Unit 101 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"EXPR", "ListOfficeCity":"Limerick", "ListOfficeCountry":"US", "ListOfficeEmail":"pa.broker@exprealty.com", "ListOfficePostalCode":"19468", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Allentown City, PA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/744-N-5th-St_Allentown_PA_18102_M31815-46349?f=listhub&s=LVARPA&m=776024&c=rexren", "MLSModificationTimestamp":"2026-05-06 18:40:06", "Neighborhoods":[{"Description":null, "Name":"Not in Development"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2437, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/8/2026 12:41:29 PM GMT
Source Updated Date: 5/10/2026 12:36:50 PM GMT

Courtesy of: Akinlana Popoola, EXP Realty LLC, popoola.akin06@gmail.com

Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.