Multifamily Investment – 420 N. 4th St, Allentown, PA
Seize the opportunity to own 420 N. 4th St, a fully occupied three-unit multifamily property offering strong cash flow and growth potential in the heart of Allentown. With a high 9.07% cap rate, low operating expenses, and rents near market rates, this property is a prime investment for long-term returns.
Financial Highlights:
• Price: $315,000 ($105,000 per unit)
• Current NOI: $28,574 | Pro Forma NOI: $29,568
• Current Cap Rate: 9.07% | Pro Forma Cap Rate: 9.39%
• 100% occupancy with stable long-term tenants
• Cash-on-Cash Return: 11.73% (current) | 12.99% (pro forma)
Property Features:
• 3 units: All one-bedroom, one-bath apartments
• Newer roof (4 years old)
• Public utilities & tenant-paid expenses, maximizing investor returns
• RUBS system in place, offsetting natural gas utility costs
Investment Potential:
• Market rents suggest additional income growth
• Low operating expenses, maximizing net returns
• Situated in a growing rental market with a projected 4.95% population growth within 1 mile
This turnkey, high-yield asset is an excellent addition to any investment portfolio. Schedule your private showing today!
Sold for $305,000 on 04/11/25
$305,000
420 N 4th St, Allentown, PA 18102
3beds
1,957sqft
Townhouse, Multi Family, Apartment
Built in 1890
2,221.56 Square Feet Lot
$278,400 Zestimate®
$156/sqft
$2,144 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: April 14, 2025 at 11:43am
Listed by:
Frank J. Renaldi, Jr. 484-788-8682,
CENTURY 21 Pinnacle
Bought with:
Gary Elbert, RS205118L
Bellman & Radcliff
Source: GLVR,MLS#: 753876
Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas
Cooling
- None
Interior area
- Total interior livable area: 1,957 sqft
Property
Parking
- Total spaces: 2
Features
- Stories: 3
Lot
- Size: 2,221 sqft
Details
- Parcel number: 640713823563001
- Zoning: R-MH-MEDIUM HIGH DENSITY
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Multi Family, Apartment
Materials
- Brick
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$278,400
2% more+$5,568
With Zillow Showcase(estimated)$283,968