1 month on rocket

Sale Pending

614 8th St, Allentown City, PA, 18102

$295,000

Home List Price

$3,503*

Closing Credit

5 Bedrooms
3 Full Baths
2,316 SqFt
$127/SqFt
Townhouse
Schools Nearby

Location

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614 8th St, Allentown$295,000

Buyer Closing Credits

$3,503*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Garage2 spaces
Year Built1900
HeatingBaseboard, Electric
CoolingNone
BasementYes
MLS #734797
Lot Size0.05 Acres
StatusSale Pending
(Pending)

About 614 8th St

*Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a modern kitchen with newer appliances plus a laundry area that can be easily rented for $1,850. It offers a total net income of $32,585 resulting in an impressive 11% cap rate! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success! The seller will provide a clear certificate of occupancy from the City of Allentown.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 3
  • Living Area: 2,316 SqFt

Listing Office:

  • Office Name: IronValley RE of Lehigh Valley
  • Office Phone: (610) 766-7200

Interior Features

Interior Information:

  • Appliances: Double Oven, Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Laminate, Resilient, Tile
  • Interior: Breakfast Area, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric
  • Cooling: None

School Info

Assigned Schools Information:

  • William Allen High School, Public District Grades 9-12
  • Trexler Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: Follow PA-145 S to 8th St/N Eighth St in Allentown

Price Information

Listing Price Info

Price Summary:

  • List Price: $295,000
  • Price Per SqFt: $127/SqFt
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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

614 8th St vs Allentown

36 DAYS ON ROCKET

+12 Days

$295,000

+$25K More

$127/SqFt

-$30 Less

KEY TAKEAWAY

This property is $25K more than the Median Sold Price and $30/SqFt less than other homes in Allentown, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HIGH
  • MLS Number: #734797

Listing Office:

  • Office Name: IronValley RE of Lehigh Valley
  • Office Phone: (610) 766-7200

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: 4/27/2024, 3:25:17 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.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-1008568
3
/10

  • Trexler Middle School

  • 851 N 15th St

  • 0.85 miles

  • Public District Grades 6-8

High School

school-card-donut-1008569
2
/10

  • William Allen High School

  • 106 N 17th St

  • 1.18 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 $43,571. Typical income of Allentown, PA residents is between $35k-100k annually. Residents typically live in single, with kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 614 8th St

What is the listing price of this property?

The listing price of 614 8th St property is $295,000.

What type of property is this?

The property 614 8th St is a townhouse located in Allentown City, Pennsylvania, 18102.

Is this property for sale now?

Sale Pending: 614 8th St 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 614 8th St are:
Trexler Middle School: GreatSchools Rating 3/10
William Allen High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 614 8th St has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 614 8th St is 2,316 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 614 8th St is 1900.

Rocket Homes›Pennsylvania›Lehigh County›Allentown›18102›614 8th St

This home is located at 614 8th St in Allentown City, PA and zip code 18102 in the Center City neighborhood. This 2,316 square foot home, which was built in 1900, sits on a 0.05 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $295,000.

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

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

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