139 N 5TH STREET, ALLENTOWN, PA 18103

$435,000
Active for Sale
 
Listing ID 55029132
Property Type Multi-Unit (2-4)
County Lehigh
Total Tax $3,201
FEMA Flood Map fema.gov/portal
Year Built 1870
Virtual Tour
Fully occupied, all-brick three-unit investment property generating $40, 280 in gross income and $35, 075 in net income. The building includes a 3-bedroom/2-bath unit, a 1-bedroom/1-bath unit, and a studio apartment, all leased with staggered expirations extending through 2026, providing strong income stability. Tenants pay all utilities, including electric, gas heat, and water. Water is submetered, making it a tenant responsibility. Landlord expenses are minimal and clearly documented, limited to taxes and insurance. In-place rents provide consistent cash flow, with upside supported by historical leasing performance and recent rent growth in the Allentown-Central submarket. This asset is well suited for investors seeking stabilized income, a diversified unit mix, and a clear path to improved performance through rent growth.
Property Details
  • 0.04 Acres
  • 1938 SF Lot
  • Built in 1870
  • 3 Units
  • Full Basement
Interior Features
  • Ceramic Tile Flooring
  • Hardwood Flooring
  • Baseboard
  • Electric Fuel
  • Natural Gas Fuel
  • Gas Fuel
Exterior Features
  • Masonry - Brick Construction
  • Community Water
  • Private Septic
  • Subdivision: ALLENTOWN
  • City View
Taxes and Fees
  • $3,201 Total Tax
  • Tax Year 2025
Listed By
eXp Commercial
Office: 888-397-7352
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