$475,000
$5K PRICE DROP

1120 W Linden St Allentown, PA 18102

Center City Neighborhood

Estimated payment $3,149/month

Total Views 15,113
-- Bed
-- Bath
3,712 Sq Ft
$128 Price per Sq Ft

Highlights

  • Commercial or Retail Space
  • Central Air
  • Heating System Uses Gas

About This Home

This commercial property is back on the market! Featuring a bakery on the first floor and a leased residential unit on the second floor, it offers a solid 11% capitalization rate. The first-floor bakery tenant is secured with a 5-year lease, while the second-floor residential unit is leased for 1 year. Both tenants are responsible for their own utilities. With reliable tenants and consistent cash flow, this property is a fantastic ownership opportunity. Listed as investment property #746283, check out the cash flow details today!

Listing Agent

Carmen E. LaJas

Signature Lux Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,980

Year Built

  • Built in 1900

Lot Details

  • 2,657 Sq Ft Lot

Home Design

  • 3,712 Sq Ft Home
  • Commercial or Retail Space
  • Brick Exterior Construction

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549689485705001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $5,928
  • Trash Expense $830
  • Operating Expense $12,737
  • Gross Income $66,000
  • Net Operating Income $53,262

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,980

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 182200.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Square Footage: 3712

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Central AC, Window ACs
  • Heat Type: Electric, Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 5928
  • Trash Removal: 830

Fee Information

  • Operating Expense: 12737

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.061
  • Lot Sq Ft: 2657
  • Zoning Code: R-H-HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 549689485705001
  • County Taxes: 688.72
  • Municipal Taxes: 1164.37
  • Total Taxes: 5979.68

Multi Family

  • School Taxes: 4125.59
  • Total Units: 2
  • Total Unit Count: 2

MLS Schools

  • School District: Allentown

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,979 $182,200 $18,500 $163,700
2024 $5,979 $182,200 $18,500 $163,700
2023 $5,979 $182,200 $18,500 $163,700
2022 $5,771 $182,200 $163,700 $18,500
2021 $5,657 $182,200 $18,500 $163,700
2020 $5,511 $182,200 $18,500 $163,700
2019 $5,422 $182,200 $18,500 $163,700
2018 $5,053 $182,200 $18,500 $163,700
2017 $4,926 $182,200 $18,500 $163,700
2016 -- $182,200 $18,500 $163,700
2015 -- $182,200 $18,500 $163,700
2014 -- $182,200 $18,500 $163,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Price Changed $475,000 -1.0% $128 / Sq Ft
10/03/2024 10/03/24 For Sale $480,000 0.0% $129 / Sq Ft
01/18/2024 01/18/24 Rented $1,800 0.0% --
01/10/2024 01/10/24 Under Contract -- -- --
11/27/2023 11/27/23 For Rent $1,800 -- --
Source: Greater Lehigh Valley REALTORS®

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $200,000 --
Warranty Deed $80,000 --
Deed $68,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,000 Construction
Closed $208,000 Unknown
Closed $191,000 Commercial
Closed $117,500 Commercial
Previous Owner $1,723 Commercial
Source: Public Records

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Source: Greater Lehigh Valley REALTORS®

MLS Number: 746262

Greater Lehigh Valley REALTORS®

APN: 549689485705-1

Pennsylvania Lehigh County Allentown 18101 Center City

1120 W Linden St, Allentown, PA

Homes for Sale in Allentown, PA

This home is located at 1120 W Linden St, Allentown, PA 18102 and is currently priced at $475,000, approximately $127 per square foot. This property was built in 1900. 1120 W Linden St is a home located in Lehigh County with nearby schools including Francis D Raub Middle School, William Allen High School, and Arts Academy Elementary Charter School.

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Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Listing Agent
Carmen E. LaJas
Section Image
Signature Lux Realty
(484) 547-3597