6 days on Rocket
$4,749 Closing Credit¹
#752664, Listing Office: BHHS Regency Real Estate
$345,000 List price
24 S 11th Allentown City, PA 18102
$4,097
Closing credit¹
5 beds
3 full
2,336 sqft
0.03 acres
$148 / sqft
Condo
Property details
About 24 S 11th
MULTIPLE OFFERS RECEIVED ***H&B is due Tuesday (1/21/25) by 5pm*** Exceptional Investment Opportunity – 3-Unit Multifamily Property! - Offered at $345,000 - Cap Rate: 8.3% (self-managed) Discover the perfect addition to your real estate portfolio with this three-unit building that combines strong cash flow with immediate upside potential. Featuring two spacious two-bedroom units and a well-sized studio, this property is designed for consistent income and future growth. Key Highlights: • Impressive Income: Gross rents are nearing $35,000 annually, with room for rent roll increases. • Expense Control: Owner has implemented RUBS (Ratio Utility Billing System) in 2 of 3 units, lowering operating expenses and boosting cash flow. • Strong Cap Rate: Enjoy an 8.3% cap rate, making this a high-performing asset for savvy investors. • Upside Potential: With rents slightly below market, there’s significant opportunity for increased income.
Highlights
Home typeCondominium
HeatingBaseboard, Electric
StatusSale Pending
(Pending)
(Pending)
Size2,336 sqft
Lot size0.029 Acres
Year built1900
MLS #751098
Summary
- MLS Number: 751098
- MLS Name: HIGH
- Office Name: CENTURY 21 Pinnacle
- Office Phone: (610) 691-0535
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: 3/15/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$345,000
24 S 11th
$4,097
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Central Elementary School
Public District 1-5
0.4 mi
•829 W Turner St
5
Brigadier General Anna Mae Hays Elementary School
Public District KG-5
0.5 mi
•1227 W Gordon St
3
Arts Academy Elementary Charter School
Public Charter KG-5
0.6 mi
•601 W Union 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 $21,459. The most common annual income of people living in Allentown City, PA is less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
67%
<35k
26%
35k-100k
6%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
58%
Single, No Kids
27%
Single, with Kids
8%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
11%
12-17 yrs old
25%
18-34 yrs old
31%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Forever 21
Where do the neighbors go to eat?
Burger King
Church's Chicken
Popeyes
What do the neighbors drive?
Buick
Cadillac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 24 S 11th
This home is located at 24 S 11th in Allentown City, PA and zip code 18102 in the Center City neighborhood. This 2,336 square foot home, which was built in 1900, sits on a 0.03 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 17, 2025 and is currently priced at $345,000.
In February 2025, from all listings sold in Allentown City, PA there were more than 31 sold above asking price, over 41 sold below and more than 20 were sold right at the asked price. The number of listings in Allentown City, PA decreased by 16.3% between January and February 2025. In February 2025 median list price was $297,201 and the average listing age was 71 days.
From Rocket Homes Real Estate and based on county public records data.