Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 9% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 9% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation, you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major thoroughfares, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach. Don't miss out on this exceptional investment opportunity in a thriving rental market!
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1915
Stories: 3
Living Area: 3,528 SqFt
Listing Office:
Office Name: IronValley RE of Lehigh Valley
Office Phone: (610) 766-7200
Interior Features
Interior Information:
Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Basement: Yes
Flooring Type: Laminate, Resilient, Tile
Interior: Eat-in Kitchen
Bedroom and Bathroom Information:
Full Bathrooms: 6
Total Bedroom Count: 10
Exterior Features
Exterior Information:
Exterior: Deck
Parking Information:
Garage Space: 2 spaces
Lot Features
Lot Information:
Lot Size: 0.05 Acres
Utilities
Utilities Information:
Heating: Electric
Cooling: None
School Info
Assigned Schools Information:
William Allen High School, Public District Grades 9-12
Francis D. Raub Middle School, Public District Grades 6-8
Central Elementary School, Public District Grades 1-5
Other
Directions Information:
Directions: RT-22 to Fullerton Ave, take American Pkwy to N Law St
Price Information
Listing Price Info
Price Summary:
List Price: $540,000
Price Per SqFt: $153/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Allentown, PA.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,763
Per Month
Principal & Interest
$2,696
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,685
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Central Elementary School
829 W Turner St
Distance between this listing and this school0.34 miles
Public District Grades 1-5
Middle School
1
/10
Francis D. Raub Middle School
102 S Saint Cloud St
Distance between this listing and this school1.49 miles
Public District Grades 6-8
High School
2
/10
William Allen High School
106 N 17th St
Distance between this listing and this school1.33 miles
Public District Grades 9-12
Assigned Schools
5
/10
Central Elementary School
829 W Turner St
Distance between this listing and this school0.34 miles
Public District Grades 1-5
Nearby Schools
4
/10
Sheridan Elementary School
521 N 2nd St
Distance between this listing and this school0.57 miles
Public District Grades 1-5
5
/10
Washington Elementary School
837 N 9th St
Distance between this listing and this school0.67 miles
Public District Grades 1-5
Assigned Schools
1
/10
Francis D. Raub Middle School
102 S Saint Cloud St
Distance between this listing and this school1.49 miles
Public District Grades 6-8
Nearby Schools
3
/10
Harrison-Morton Middle School
137 N 2nd St
Distance between this listing and this school0.54 miles
Public District Grades 6-8
3
/10
Trexler Middle School
851 N 15th St
Distance between this listing and this school1.19 miles
Public District Grades 6-8
Assigned Schools
2
/10
William Allen High School
106 N 17th St
Distance between this listing and this school1.33 miles
Public District Grades 9-12
Nearby Schools
5
/10
Roberto Clemente Charter School
136 S 4th St
Distance between this listing and this school0.56 miles
Public Charter Grades 6-12
2
/10
Louis E. Dieruff High School
815 N Irving St
Distance between this listing and this school1.79 miles
The neighbors living near this home have an average income of $22,981. The majority of Allentown, PA residents have income less than $35k annually. Typical family type is single, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 334 Law St
What is the listing price of this property?
The listing price of 334 Law St property is $540,000.
What type of property is this?
The property 334 Law St is a condo located in Allentown City, Pennsylvania, 18102.
Is this property for sale now?
Active Listing: 334 Law St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 334 Law St are: Central Elementary School: GreatSchools Rating 5/10Francis D. Raub Middle School: GreatSchools Rating 1/10William Allen High School: GreatSchools Rating 2/10
How many bedrooms and bathrooms does this property have?
The property at 334 Law St has 10 bedrooms and 6 bathrooms.
What is the square footage of this property?
The property 334 Law St is 3,528 SqFt (source: MLS/tax record).
This home is located at 334 Law St in Allentown City, PA and zip code 18102 in the Center City neighborhood. This 3,528 square foot home, which was built in 1915, sits on a 0.05 acre lot. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 11, 2024 and is currently priced at $540,000.
In April 2024 more than 58 listings in Allentown, PA were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 31 were sold below. The number of homes for sale in Allentown, PA increased by 3.7% between March 2024 and April 2024. In April 2024, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $270,000.
From Rocket Homes Real Estate and based on county public records data.