4 months on rocket

502 N 8th, Allentown City, PA, 18102

$525,000

Home List Price

$6,234*

Closing Credit

7 Bedrooms
4 Full Baths
4,425 SqFt
$119/SqFt
Condo

Location

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502 N 8th, Allentown$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOn Street
Year Built1880
HeatingBaseboard, Natural Gas, Radiant
CoolingNone
MLS #740432
Lot Size0.11 Acres
StatusActive

About 502 N 8th

Unlock the doors to a prime investment with this detached 4-unit building, perfectly situated on a generously sized lot. Recently enhanced with a brand new roof, this property offers three 2-bedroom apartments and a cozy 1-bedroom unit, all poised to deliver consistent rental income. For the savvy investor, this property is a valuable addition to your portfolio, promising strong returns in a sought-after location. And for those looking to blend lifestyle with investment, live comfortably in one unit while enjoying the steady rental income from the others. Ideally located next to a convenient laundromat, this property combines practicality with opportunity, making it an unbeatable choice for both investors and owner-occupiers alike. Also comes with a CLEAR CO!

Property Details

Property Features

Property Information:

  • Year Built: 1880
  • Living Area: 4,425 SqFt

Listing Office:

  • Office Name: Coldwell Banker Hearthside
  • Office Phone: (610) 465-5600

Interior Features

Interior Information:

  • Interior: Balcony

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Radiant
  • Cooling: None

Other

Directions Information:

  • Directions: Airport Rd S - R on American Pkwy - R on W Gordon - R on 8th

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $119/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

$289.9K

Med. Price/SqFt

$167

Avg. Days On Market

18

# of Sold Homes

157

502 N 8th vs Allentown

149 DAYS ON ROCKET

+131 Days

$525,000

+$235K More

$119/SqFt

-$48 Less

KEY TAKEAWAY

This property is $235K more than the Median Sold Price and $48/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: #740432

Listing Office:

  • Office Name: Coldwell Banker Hearthside
  • Office Phone: (610) 465-5600

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: 11/23/2024, 8:20:50 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

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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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.

Nearby Schools

school-card-donut-848664
5
/10

  • Central Elementary School

  • 829 W Turner St

  • 0.27 miles

  • Public District Grades 1-5

school-card-donut-848665
5
/10

  • Washington Elementary School

  • 837 N 9th St

  • 0.40 miles

  • Public District Grades 1-5

school-card-donut-848666
3
/10

  • Arts Academy Elementary Charter School

  • 601 W Union St

  • 0.72 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,125. The most common annual income of people living in Allentown, PA is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 N 8th

What is the listing price of this property?

The listing price of 502 N 8th property is $525,000.

What type of property is this?

The property 502 N 8th is a condo located in Allentown City, Pennsylvania, 18102.

Is this property for sale now?

Active Listing: 502 N 8th is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 502 N 8th has 7 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 502 N 8th is 4,425 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 N 8th is 1880.

Rocket Homes›Pennsylvania›Lehigh County›Allentown›18102›502 N 8th

This home is located at 502 N 8th in Allentown City, PA and zip code 18102 in the Center City neighborhood. This 4,425 square foot home, which was built in 1880, sits on a 0.11 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $525,000.

In October 2024 more than 74 listings in Allentown, PA were sold above the asking price. During the same period more than 27 listings were sold at asking price, while more than 56 were sold below. The number of homes for sale in Allentown, PA decreased by 5.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $289,995, while the average time on the real estate market was 18 days.

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

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