2304 South 5th Allentown, PA $ 745,000
2304 South 5th
$ 745,000
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2304 South 5th

Allentown, PA, 18103
$ 745,000
Baths0.0

Monthly Estimate*

$ 4,952

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Studio

Multi-Family Home for sale in Allentown, PA

for $745,000. This home was built in 1890.

This listing is for the sale of 2304 S 5th Street and includes 2321 S Alice Street. This listing of these two parcels provides several opportunities for use and development. 2304 S 5th Street offers three buildings on 1/3 of an acre just south of Emmaus Ave. The seller operated a daycare here for over 50 years & was truly a pillar of the community. Countless children from the community were provided an invaluable springboard for their early lives & the lives of their working families. The daycare operated continuously until '22 and all structures were permitted for daycare and related activities. Outdoor play space is located in the center of the parcel and a fence enclosure surrounds the property. The buildings include a 3,328 SF daycare on two levels, the original home offers 2,620 SF & the third building was used as a recreation building with 1,040 SF. 2321 S Alice Street is a flat parcel immediately across the S. East alley-way from 2304 S 5th. This tree lined property served the neighborhood and the daycare as an idyllic recreation space. The zoning for both parcels is RL – Low Density Residential providing the Buyer an option to make use of the property for daycare operations or consider residential development. Daycare business owners and savvy investors will see the potential and value in this sale. The 3 structures need varying amounts of renovation and the permitted daycare use is invaluable to a new owner or for a daycare business as a tenant.

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Multi-Family Active

Price

$ 745,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 16,165

Style

Commercial,Detached,Mixed Use

Year Built

1890

Town/City

Allentown

County/Region

Lehigh

MLS | Web ID

735309

Features
General
Sewer Public
Construction Other
Cooling No Air
Water Public
Gas Y/N 0
Water/Sewer 0
Electric 0
Subdivision Not in Development
Parking Spaces 14
County Lehigh
Zoning Code RL
School District Allentown
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Interior
Heating 0
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* Excluded Features
List By
Peter J. Adams

Listing Agent

Bhhs Fox & Roach Macungie

Broker

peter.adams@foxroach.com

Email

Affordability Calculator

$6,299
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,952
Monthly Property Taxes
$1,347
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
266650 Elementary School
266653 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2024$745,000 Listed Price

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2304 South 5th, Allentown, PA, 18103 is a Multi-Family Home for sale at $745,000. 2304 South 5th is a studio with 0.0 baths and was built in 1890. The property's zip code is 18103 which is in Allentown, PA