Jump on this hot property. Combined 4 story adaptive reuse building for 40 apartments PLUS site for 50 new unit building. Total 90 units in great location in South Allentown just off Lehigh St. close to shopping, Rt. 309 and easy access to everywhere. This is an attention getting location and apartment development site that is a rare offering in the market. This location and newly built apartments will be the site that tenants will be drawn to as the latest hot location in the Lehigh Valley. Great designs on both the adaptive reuse and the new building. Existing structure with new roof limits cost on renovation and plans already done for new building on approved site means this project is ready to go. Act now and take advantage of this great project.
Property Details
Property Features
Property Information:
Year Built: 1980
Stories: 4
Living Area: 44,196 SqFt
Listing Office:
Office Name: HowardHanna TheFrederickGroup
Office Phone: (610) 398-0411
Lot Features
Lot Information:
Lot Size: 2.26 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: Central Air
Other
Directions Information:
Directions: From Lehigh Street, Turn South on Downyflake to Right on South 12th Street to building on Right
Price Information
Listing Price Info
Price Summary:
List Price: $4,700,000
Price Per SqFt: $106/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Allentown, PA.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$23.5K
Per Month
Principal & Interest
$23.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$14.1K
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Lehigh Parkway Elementary School
1708 Coronado St
Distance between this listing and this school0.65 miles
Public District Grades KG-5
6
/10
Hiram W. Dodd Elementary School
1944 S Church St
Distance between this listing and this school0.83 miles
Public District Grades KG-5
4
/10
Jefferson Elementary School
750 Saint John St
Distance between this listing and this school1.39 miles
Public District Grades PK-5
Nearby Schools
3
/10
South Mountain Middle School
709 W Emaus Ave
Distance between this listing and this school0.75 miles
Public District Grades 6-8
5
/10
Salisbury Middle School
3301 Devonshire Rd
Distance between this listing and this school1.72 miles
Public District Grades 5-8
1
/10
Francis D. Raub Middle School
102 S Saint Cloud St
Distance between this listing and this school1.87 miles
Public District Grades 6-8
Nearby Schools
6
/10
Salisbury High School
500 E Montgomery St
Distance between this listing and this school1.90 miles
Public District Grades 9-12
2
/10
Building 21 Allentown
265 Lehigh St
Distance between this listing and this school1.94 miles
Public Magnet Grades 9-12
4
/10
Roberto Clemente Charter School
136 S 4th St
Distance between this listing and this school2.10 miles
The neighbors living near this home have an average income of $42,656. The most common annual income of people living in Allentown, PA is between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2236 S 12th St Unit Offering 3
What is the listing price of this property?
The listing price of 2236 S 12th St Unit Offering 3 property is $4,700,000.
What type of property is this?
The property 2236 S 12th St Unit Offering 3 is a house located in Allentown City, Pennsylvania, 18103.
Is this property for sale now?
Active Listing: 2236 S 12th St Unit Offering 3 is For Sale (Active/New) which means the seller is accepting offers.
What is the square footage of this property?
The property 2236 S 12th St Unit Offering 3 is 44,196 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2236 S 12th St Unit Offering 3 is 1980.
Interested in 2236 S 12th St Unit Offering 3? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2236 S 12th St Unit Offering 3 in Allentown City, PA and zip code 18103 in the South Side neighborhood. This 44,196 square foot home, which was built in 1980, sits on a 2.26 acre lot. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $4,700,000.
In November 2024 more than 61 listings in Allentown, PA were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 38 were sold below. The number of homes for sale in Allentown, PA decreased by 18.5% between October 2024 and November 2024. Listings spent 23 days on the market in November 2024, and had a median list price of $290,329 during the same period.
From Rocket Homes Real Estate and based on county public records data.