12 days on rocket

334 Law St, Allentown City, PA, 18102

$540,000

Home List Price

$6,413*

Closing Credit

10 Bedrooms
6 Full Baths
3,528 SqFt
$153/SqFt
Condo
Schools Nearby

Location

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334 Law St, Allentown$540,000

Buyer Closing Credits

$6,413*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage2 spaces
Year Built1915
HeatingElectric
CoolingNone
BasementYes
MLS #737521
Lot Size0.05 Acres
StatusActive

About 334 Law St

Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 9% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 9% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation, you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major thoroughfares, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach. Don't miss out on this exceptional investment opportunity in a thriving rental market!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1915
  • Stories: 3
  • Living Area: 3,528 SqFt

Listing Office:

  • Office Name: IronValley RE of Lehigh Valley
  • Office Phone: (610) 766-7200

Interior Features

Interior Information:

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Basement: Yes
  • Flooring Type: Laminate, Resilient, Tile
  • Interior: Eat-in Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: None

School Info

Assigned Schools Information:

  • William Allen High School, Public District Grades 9-12
  • Francis D. Raub Middle School, Public District Grades 6-8
  • Central Elementary School, Public District Grades 1-5

Other

Directions Information:

  • Directions: RT-22 to Fullerton Ave, take American Pkwy to N Law St

Price Information

Listing Price Info

Price Summary:

  • List Price: $540,000
  • Price Per SqFt: $153/SqFt
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Housing Market Comparison

See how this home compares to others in Allentown, PA.

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Allentown, PA

City

Med. Sold Price

$270K

Med. Price/SqFt

$156

Avg. Days On Market

16

# of Sold Homes

112

334 Law St vs Allentown

12 DAYS ON ROCKET

-4 Days

$540,000

+$270K More

$153/SqFt

-$4 Less

KEY TAKEAWAY

This property is $270K more than the Median Sold Price and $4/SqFt less than other homes in Allentown, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HIGH
  • MLS Number: #737521

Listing Office:

  • Office Name: IronValley RE of Lehigh Valley
  • Office Phone: (610) 766-7200

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 © 2024 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: 5/23/2024, 3:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,763

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,685

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-507784
5
/10

  • Central Elementary School

  • 829 W Turner St

  • 0.34 miles

  • Public District Grades 1-5

Middle School

school-card-donut-507785
1
/10

  • Francis D. Raub Middle School

  • 102 S Saint Cloud St

  • 1.49 miles

  • Public District Grades 6-8

High School

school-card-donut-507786
2
/10

  • William Allen High School

  • 106 N 17th St

  • 1.33 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,981. Residents of Allentown, PA typically earn less than $35k each year. Residents typically live in single, with kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 334 Law St

What is the listing price of this property?

The listing price of 334 Law St property is $540,000.

What type of property is this?

The property 334 Law St is a condo located in Allentown City, Pennsylvania, 18102.

Is this property for sale now?

Active Listing: 334 Law St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 334 Law St are:
Central Elementary School: GreatSchools Rating 5/10
Francis D. Raub Middle School: GreatSchools Rating 1/10
William Allen High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 334 Law St has 10 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 334 Law St is 3,528 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 334 Law St is 1915.

Rocket Homes›Pennsylvania›Lehigh County›Allentown›18102›334 Law St

This home is located at 334 Law St in Allentown City, PA and zip code 18102 in the Center City neighborhood. This 3,528 square foot home, which was built in 1915, sits on a 0.05 acre lot. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 11, 2024 and is currently priced at $540,000.

In April 2024, from all listings sold in Allentown, PA there were more than 58 sold above asking price, over 31 sold below and more than 23 were sold right at the asked price. Between March 2024 and April 2024, Allentown, PA real estate market has seen increase in the number of listings by 3.7%. In April 2024 median list price was $270,000 and the average listing age was 16 days.

From Rocket Homes Real Estate and based on county public records data.

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