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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Allentown at 420 N 4th St, Allentown, PA, 18102 priced at $315,000 converts $2,160/mo rent into $96/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $1,147/yr on $104,423 invested. Return on cash invested prints 21.01% in year one, and rental yield reads 8.23% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 109.23% and total cumulative return in cash sums $114,065. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Multi Family
Built in 1890
2,221 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 18102, Allentown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,563 (100%) |
| Owner Occupied HU | 5,593 (28.6%) |
| Renter Occupied HU | 12,439 (63.6%) |
| Vacant Housing Units | 1,531 ( 7.8%) |
| Median Home Value | $164,165 |
| Average Home Value | $238,586 |
Housing Distribution
Address Breakdown
Residential
17,707
Single Family
13,781
Multi-Family
3,926
Businesses
1,010
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-15 | Listed for sale | $315,000 |
| 2021-02-23 | Sold | $171,500 |
| 2020-12-27 | Pending sale | $169,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $3542.33 | N/A | $65,100 | N/A |
| 2023-03-18 | $3542.33 | N/A | $65,100 | N/A |
| 2022-03-18 | $3542.33 | 3.35% | $65,100 | N/A |
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1890
- Architectural Style: N/A
- Building Area: 1,957
- Living Area: 1,957 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas
- Cooling: No Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: N/A
Location
- City: Allentown
- Subdivision: Not in Development
- Lot Size: 2,221 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Frank J. Renaldi, Jr. • CENTURY 21 Pinnacle
Mls Name: GLVR
Mls Provider:
Mls ID: #753876
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