$200,000
$177,500
12.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
1 Bath
1,240 SqFt
SOLD DATE : 05/09/2025
Key Details
Sold Price $200,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,240 sqft
Price per Sqft $161
Subdivision Not In Development
MLS Listing ID 755292
Sold Date 05/09/25
Bedrooms 4
Full Baths 1
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,448
Lot Size 1,829 Sqft
Acres 0.042
Lot Dimensions 16.9 X 114.35
Property Sub-Type Townhouse
Property Description
Located at 322 Hanover Avenue, this solid 4-bedroom, 1-bath brick row home offers over 1,200 square feet of rentable living space with strong cash flow potential—projected rent of $1,900/month. Inside, you'll find durable laminate flooring throughout, a spacious living room, formal dining area, and a functional kitchen with updated cabinetry—ideal for long-term tenant appeal and low-turnover maintenance.
Upstairs, four bedrooms and a full bath featuring an upgraded vanity and tiled tub/shower combo provide solid layout efficiency. The full basement offers excellent storage or workshop potential, and the rubber roof helps keep capital expenses low.
Additional investor-friendly features include electric baseboard heat (tenant-paid utilities), public water/sewer, and low-maintenance on-street parking. Located close to shopping, schools, public transportation, and major highways—this property is a prime addition to any buy-and-hold portfolio.
Whether you're looking to expand your rental holdings or enter the Lehigh Valley market, this property offers reliable returns and immediate income potential.
Location
State PA
County Lehigh
Area Allentown-East
Direction From US-22, take the Airport Rd/PA-987 exit and head south. Turn left onto American Parkway, then right onto N Bradford St. Continue straight, then turn left onto Hanover Ave. Property is ahead at 322 Hanover Ave, Allentown, PA 18109.
Interior
Interior Features Wired for Data
Heating Baseboard
Cooling None
Fireplace No
Exterior
Parking Features No Garage, On Street
Utilities Available Cable Available
Water Access Desc Public
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Senior Community No
Tax ID 640773542331001
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
Special Listing Condition None
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Bought with Allentown City Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
heather.m@morganelliproperties.com
1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA