Home For Sale In Allentown, Pennsylvania

house for sale

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Listed: 05/19/24

28 N Madison St, Allentown, Pennsylvania, 18102

7 Bed:

3.5 Bath:

2,240 Sq Ft Living Area:

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Price

$ 525,000

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About This House

Cash flow is king ! $74, 290Gross Income , $60, 460 net income. This is a Legal, 7 unit Rooming House (aka SRO--Single Room Occupancy). Turnkey, profitable operation ! This the most efficient and profitable segment of residential rental properties . open showing, 5/18, 11-1 p.m. VERY High Revenue per square foot means Maximum Profits with fewer kitchens, fewer baths that generate most maintenance costs and hassles in typical residential rentals... not here. These rooms are in high demand, easy to rent, almost never vacant. Two units are traditional Studios with a BR, kitchen and private, full bath (the onsite manager resides in one of these units). One unit has a private half bath, Three units have a sink. Occupants … Full description

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Houses for sale in Allentown

Original listing

Center City Housing & Living

Average sale prices for houses

3 bed

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Month	Median Price
May 2024	$334,518 (-20.2%)
Apr 2024	$419,130 (0%)
Mar 2024	$419,130 (0%)
Feb 2024	$419,130 (-21.7%)
Jan 2024	$535,004 (0%)
Dec 2023	$535,004 (0%)

In May 2024, the asking price for 3 bed houses for sale in/near Center City, Allentown, United States averaged $334,518, a decrease of 20.2% from the previous month.

Median price trends for properties for sale in Center City, Allentown, United States as of May 2024.

Household Income

Median household income: $38,522

Number of households: 41,935

The average household income in Allentown, PA grew from $37,256 to $38,522 in the past year. This data is an estimate based upon 41,935 households in Allentown, PA.
The chart below presents how household income is distributed in Allentown, PA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Allentown, PA compared to median property taxes around the country. The prevalent amount of property taxes in Allentown, PA equals $3k+ , which is more than the national average.

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