$735,000
$30K PRICE DROP

2312 S 5th St Allentown, PA 18103

Southside Neighborhood

Estimated payment $4,837/month

Total Views 10,750
-- Bed
-- Bath
11,685 Sq Ft
$63 Price per Sq Ft

About This Home

36 unit climate controlled self storage facility plus 3 apartments above at an 8.28% cap rate with lots of room for growth in rents. Located on a quiet street of Allentown and right off the bustling 4th street that's full of every retailer. New flat rubber roof over the storage completed 3 years ago. All apartments pay their own heat and cooking utilities. LL pays for water, sewer, insurance and taxes. Call for full financials. Seller is motivated to get this one sold and move onto a bigger facility

Listing Agent

Robert Velez

KW Commercial - Northampton

KW Commercial - Northampton

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.3 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • 11,685 Sq Ft Home
  • Commercial or Retail Space
  • Vinyl Construction Material

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 640651803000001

Community Details

Overview

  • 39 Units

Building Details

  • Insurance Expense $4,194
  • Maintenance Expense $4,579
  • Operating Expense $28,260
  • Gross Income $91,584
  • Net Operating Income $63,324

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 306500.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Square Footage: 11685

Exterior Features

  • Construction: Vinyl

Garage/Parking

  • Parking Spaces: 6

Utilities

  • Cooling: Window ACs
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 4194

Condo/Co-op/Association

  • Maintenance Repair: 4579

Fee Information

  • Operating Expense: 28260

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.303
  • Lot Sq Ft: 13199
  • Zoning Code: R-L-LOW DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 640651803000001

Multi Family

  • Total Units: 39

MLS Schools

  • School District: Allentown

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2025 03/24/25 Price Changed $735,000 -3.9% $63 / Sq Ft
02/01/2025 02/01/25 For Sale $765,000 +78.5% $65 / Sq Ft
02/18/2016 02/18/16 Sold $428,571 -23.3% $37 / Sq Ft
09/14/2015 09/14/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $559,000 -- $48 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

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Source: Greater Lehigh Valley REALTORS®

MLS Number: 752876

Greater Lehigh Valley REALTORS®

Pennsylvania Lehigh County Allentown 18103 Southside

2312 S 5th St, Allentown, PA

Homes for Sale in Allentown, PA

This home is located at 2312 S 5th St, Allentown, PA 18103 and is currently priced at $735,000, approximately $62 per square foot. 2312 S 5th St is a home located in Lehigh County with nearby schools including Hiram W Dodd Elementary School, South Mountain Middle School, and Louis E. Dieruff High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Robert Velez
Listing Agent
Robert Velez
Section Image
KW Commercial - Northampton
(646) 671-8635