420 N 4th Street
Allentown City, PA 18102
Map
- 3 beds
- 3 baths
- 1,957 sqft
- 2,226 sqft lot
- $155 per sqft
- 1890 build
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Multifamily Investment – 420 N. 4th St, Allentown, PA Seize the opportunity to own 420 N. 4th St, a fully occupied three-unit multifamily property offering strong cash flow and growth potential in the heart of Allentown. With a high 9.07% cap rate, low operating expenses, and rents near market rates, this property is a prime investment for long-term returns. Financial Highlights: • Price: $315,000 ($105,000 per unit) • Current NOI: $28,574 | Pro Forma NOI: $29,568 • Current Cap Rate: 9.07% | Pro Forma Cap Rate: 9.39% • 100% occupancy with stable long-term tenants • Cash-on-Cash Return: 11.73% (current) | 12.99% (pro forma) Property Features: • 3 units: All one-bedroom, one-bath apartments • Newer roof (4 years old) • Public utilities & tenant-paid expenses, maximizing investor returns • RUBS system in place, offsetting natural gas utility costs Investment Potential: • Market rents suggest additional income growth • Low operating expenses, maximizing net returns • Situated in a growing rental market with a projected 4.95% population growth within 1 mile This turnkey, high-yield asset is an excellent addition to any investment portfolio. Schedule your private showing today!
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Last updated Jun 9, 2025
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MLS# 753876 —
The Building
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Construction Materials:Brick
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Year Built:1890
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Number Of Units Total:3
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Building Area:Assessor
Interior
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Stories:3
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Stories Total:3
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Living Area:1957.0
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash,Conventional
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Buyer Financing:Cash
Location
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Longitude:-75.468619
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Latitude:40.609984
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Townhouse
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Property Sub Type Additional:Townhouse
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Zoning:R-MH-MEDIUM HIGH DENSITY
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Parcel Number:640713823563001
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Lot Size Acres:0.051
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Lot Size Area:2226.0
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Lot Size Square Feet:2,226 Sqft
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Lot Size Units:SquareFeet
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (610) 691-0535
- Office phone:
- (610) 691-0535
Taxes
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Tax Annual Amount:$2,124.54
Beds
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Bedrooms Total:3
Baths
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Bathrooms Full:3
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Bathrooms Total:3
Heating & Cooling
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Cooling:None
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Cooling:false
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Heating:Gas
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Heating:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Middle School District:Allentown
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High School District:Allentown
The Community
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Subdivision Name:Not In Development
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Senior Community:false
Parking
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Parking Total:2.0
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/11/25
Apr 11, 2025
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Sold | GLVR | $305,000 | 158.5% (22.4% / YR) |
|
3/15/18
Mar 15, 2018
|
GLVR | $118,000 |
