$2,968 Closing Credit¹
#755533, Listing Office: Preferred Properties Plus
$250,000 List price
123 N Penn St Allentown City, PA 18102
$2,969
Closing credit¹
5 beds
1 full, 1 partial
2,350 sqft
0.04 acres
$106 / sqft
Townhouse
Property details
About 123 N Penn St
Exceptional Investment Opportunity! Don’t miss this 12% cap rate fully renovated 5-bedroom, 1.5-bath home, 1 car detached garage, beautifully updated in 2024 with brand-new windows, doors, flooring, fresh paint, and a modernized bathroom. Currently leased at $2,500/month with a one-year lease—tenants cover all utilities, keeping your operating costs impressively low. Located just minutes from vibrant downtown Allentown, with easy access to Starbucks, restaurants, shops, and major commuting routes. Whether you're expanding your portfolio or making your first investment, this property delivers strong cash flow and long-term value. Add this high-performing asset to your portfolio today! Home will come with clear CO.
Highlights
Home typeTownhouse
HeatingBaseboard
StatusActive
CoolingWall/Window Unit(s)
Size2,350 sqft
Lot size0.045 Acres
Year built1890
ParkingDetached, Garage
MLS #757918
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Total Bedroom Count: 5
- Attached Garage: No
- Parking: Detached, Garage
- Heating: Baseboard
- Cooling: Wall/Window Unit(s)
- List Price: $250,000
- Price/SqFt: $106
- Directions: off tilghman st turn on 5th st heading south turn left on chestnut st turn left on penn st stop at 123 n penn st
- Year Built: 1890
- Stories: 3
- Living Area: 2,350 SqFt
- Lot Size: 0.045 Acres
- MLS Number: 757918
- MLS Name: HIGH
- Office Name: EXP Realty LLC
- Office Phone: (888) 397-7352
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. The MLS Listing Information has not been verified and is not guaranteed by MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lehigh Valley REALTORS® All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$250,000
123 N Penn St
$2,969
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
Arts Academy Elementary Charter School
Public Charter KG-5
0.4 mi
•601 W Union St
5
Central Elementary School
Public District 1-5
0.5 mi
•829 W Turner St
4
Sheridan Elementary School
Public District 1-5
0.6 mi
•521 N 2nd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,518. The most common annual income of people living in Allentown City, PA is less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
62%
<35k
36%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
41%
Single, No Kids
36%
Single, with Kids
7%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
12%
12-17 yrs old
26%
18-34 yrs old
33%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing- UFC
Soccer
Where do the neighbors shop?
Burlington
Family Dollar
Forever 21
Where do the neighbors go to eat?
Popeyes
Burger King
Dominos Pizza
What do the neighbors drive?
Dodge
Buick
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 123 N Penn St
The listing price of 123 N Penn St property is $250,000.
The property 123 N Penn St is a townhouse located in Allentown City, Pennsylvania, 18102.
Active Listing: 123 N Penn St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 123 N Penn St are: Arts Academy Elementary Charter School (GreatSchools Rating 3/10), Central Elementary School (GreatSchools Rating 5/10), Sheridan Elementary School (GreatSchools Rating 4/10), Harrison-Morton Middle School (GreatSchools Rating 3/10), Trexler Middle School (GreatSchools Rating 3/10), Francis D. Raub Middle School (GreatSchools Rating 1/10), Roberto Clemente Charter School (GreatSchools Rating 4/10), Building 21 Allentown (GreatSchools Rating 2/10), Executive Education Academy Charter School (GreatSchools Rating 6/10).
The property at 123 N Penn St has 5 bedrooms and 1 full and 1 half bathrooms.
The property 123 N Penn St is 2,350 SqFt (source: MLS/tax record).
The year of construction for 123 N Penn St is 1890.
This home is located at 123 N Penn St in Allentown City, PA and zip code 18102 in the Center City neighborhood. This 2,350 square foot home, which was built in 1890, sits on a 0.04 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $250,000.
While more than 61 listings in Allentown City, PA in May 2025 were sold above asking price, there were more than 17 listings sold at asking price, and more than 35 were sold below. The inventory of homes for sale in Allentown City, PA between April and May 2025 increased by 1.4%. Listings spent 23 days on the market in May 2025, and had a median list price of $293,933 during the same period.
From Rocket Homes Real Estate and based on county public records data.