Introducing an exceptional Home for the near Future, OR investment opportunity in Allentown! This three-bedroom single-family home at 1406 S Jefferson St, currently leased until 10/31/24 with tenants in place since 10/2022, offers a remarkable gross income of $22,992 and a substantial net income of $19,346.68. With tenants covering all utilities and the owner handling taxes, insurance, and trash removal, this property is hassle-free. Additionally, the well-maintained, fenced yard and parking space for up to three cars in the driveway enhance its appeal. Priced competitively at $230,000, this property boasts an attractive cap rate of approximately 8.41%, ensuring a solid return on your investment. Don't miss out on this golden opportunity to diversify your portfolio with a property that combines reliable income and great features. Contact us today, and secure your investment in this Allentown gem!
Sold for $229,000 on 02/29/24
$229,000
1406 S Jefferson St, Allentown, PA 18103
3beds
2,288sqft
Townhouse, Single Family Residence
Built in 1944
5,575.68 Square Feet Lot
$249,900 Zestimate®
$100/sqft
$1,935 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 29, 2024 at 10:16am
Listed by:
Jennifer L. DeJesus,
Steel City Realty
Bought with:
Jeremy E. Wheeler, RC201703
IronValley RE of Lehigh Valley
Source: GLVR,MLS#: 732150
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric, Oil
Cooling
- None
Appliances
- Included: Electric Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
- Laundry: Electric Dryer Hookup
Features
- Dining Area, Eat-in Kitchen
- Basement: Full
Interior area
- Total interior livable area: 2,288 sqft
- Finished area above ground: 1,144
- Finished area below ground: 1,144
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Off Street
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 5,575 sqft
Details
- Parcel number: 549693038168001
- Zoning: R-M-MEDIUM DENSITY RESIDE
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Townhouse, Single Family Residence
- Attached to another structure: Yes
Materials
- Brick
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1944
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership type: Fee Simple
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$249,900
2% more+ $4,998
With Zillow Showcase(estimated)
$254,898