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Sale Pending

508 N Silk St N, Allentown City, PA, 18102

$265,000

Home List Price

$3,147*

Closing Credit

6 Bedrooms
2 Full Baths
House
Schools Nearby

Location

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508 N Silk St N, Allentown$265,000

Buyer Closing Credits

$3,147*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNo Garage, On Street
Year Built1917
HeatingNatural Gas
CoolingNone
MLS #734796
StatusSale Pending
(Pending)

About 508 N Silk St N

Welcome to your next lucrative investment opportunity in the heart of Center City Allentown! Introducing a fantastic 2-unit duplex strategically located near public transportation hubs, ensuring convenient access for tenants and maximizing rental potential. Key Features: **Prime Location: Located in vibrant Center City Allentown, this property enjoys proximity to the amenities that city living has to offer. **Investment Gem: With a remarkable 9.00% cap rate, this duplex promises an impressive return on investment from day one. ** Dual Units: Highlighting two separate units, each with its distinct charm, this property offers flexibility and multiple income streams. **Revenue Rental: Perfect for savvy investors seeking consistent cash flow, this duplex is primed to generate significant rental income. Whether you're a seasoned investor looking to expand your portfolio or a newcomer eager to dive into the world of real estate, this duplex presents an unparalleled opportunity. Don't miss out on the chance to secure your financial future with this revenue-generating gem in Center City Allentown. Contact us today to schedule a viewing and seize this exceptional investment opportunity! Garages are not part of this property.

Property Details

Property Features

Property Information:

  • Year Built: 1917

Listing Office:

  • Office Name: Acre and Estate
  • Office Phone: (610) 936-9953

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: No Garage, On Street

Utilities

Utilities Information:

  • Heating: Natural Gas
  • 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

Other

Directions Information:

  • Directions: From 8th St/N Eighth St, Turn right onto Liberty St, Turn left onto N Silk St, Destination will be on the left. NO PARKING ON SILK ST. you can park on Liberty and walk to silk.

Price Information

Listing Price Info

Price Summary:

  • List Price: $265,000
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Housing Market Comparison

See how this home compares to others in Allentown, PA.

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Allentown, PA

City

Med. Sold Price

$270K

Med. Price/SqFt

$156

Avg. Days On Market

24

# of Sold Homes

109

508 N Silk St N vs Allentown

36 DAYS ON ROCKET

+12 Days

$265,000

-$5K Less

KEY TAKEAWAY

This property is $5K less than the Median Sold Price in Allentown, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HIGH
  • MLS Number: #734796

Listing Office:

  • Office Name: Acre and Estate
  • Office Phone: (610) 936-9953

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. The MLS Listing Information has not been verified and is not guaranteed by MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2024 Greater Lehigh Valley REALTORS® All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,390

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$861

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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.

Middle School

school-card-donut-1729631
1
/10

  • Francis D. Raub Middle School

  • 102 S Saint Cloud St

  • 1.34 miles

  • Public District Grades 6-8

High School

school-card-donut-1729632
2
/10

  • William Allen High School

  • 106 N 17th St

  • 1.14 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,125. The majority of Allentown, PA residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 N Silk St N

What is the listing price of this property?

The listing price of 508 N Silk St N property is $265,000.

What type of property is this?

The property 508 N Silk St N is a house located in Allentown City, Pennsylvania, 18102.

Is this property for sale now?

Sale Pending: 508 N Silk St N is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 508 N Silk St N are:
Francis D. Raub Middle School: GreatSchools Rating 1/10
William Allen High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 508 N Silk St N has 6 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 508 N Silk St N is 1917.

Rocket Homes›Pennsylvania›Lehigh County›Allentown›18102›508 N Silk St N

This home is located at 508 N Silk St N in Allentown City, PA and zip code 18102 in the Center City neighborhood. This home was built in 1917. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $265,000.

While more than 54 listings in Allentown, PA in March 2024 were sold above asking price, there were more than 18 listings sold at asking price, and more than 37 were sold below. In March 2024 in Allentown, PA there were 5.7% less homes for sale than in February 2024. While the average time on the market in March 2024 was 24 days, the median list price was $270,000.

From Rocket Homes Real Estate and based on county public records data.

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