See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

43 S Main St, Allentown, NJ, 08501

2beds
0baths
2,029sqft
$495,000
$244price/sqft
$3,512/moest. monthly cost
$140,480/yrincome needed

About This Home

This is a fantastic opportunity to own income property in sought-after Allentown NJ. This duplex affords you the opportunity to have two income-producing units, or live in one side while collecting rent on the other! This two-story home sits right on Connies Millpond in downtown Allentown, with a deep backyard offering gorgeous water views. The lower unit is 1 bedroom, 1 bath and currently occupied on a lease for $2100/month. The upstairs unit is 1 bedroom/1 bath plus a spacious loft with many potential uses (bedroom, office, den, etc). It is vacant for an owner/user, but has the potential of $2500/month for an investor.

Getting Around

61
WalkingSomewhat Walkable
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

3/10
Newell Elementary SchoolGrades PK-40.3 mi
7/10
4/10
Allentown High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Brick/Mortar
  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Oven/Range - Electric,Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Partial

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Main level bedrooms: 1

Dining Room

  • Level: Upper

Features

  • Flooring: Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,029

Heating & Cooling

  • Heating features: Steam,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 2,029
  • Total interior livable area: 2,029 sqft

Kitchen

  • Level: Upper

Kitchen

  • Level: Main

Living Room

  • Level: Upper

Living Room

  • Level: Main

Loft

  • Level: Upper

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 030001400028
  • Zoning: RESIDENTIAL
  • Special condition: Standard
  • Exclusions: Tenants Personal Property

Features

  • Levels: Two and One Half
  • Stories: 2
  • Pool features: None
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake
  • Frontage length: Water Frontage Ft: 10

Lot

  • Lot size dimensions: 25.00 x 0.00

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Heat Wave
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,502$30,024
Home Insurance *$156$1,872
Property Taxes $631$7,572
Electricity $223$2,684
Total$3,512$42,144
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$120,411/yr
40% on housing$105,360/yr
45% on housing$93,653/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$244This listing

vs Other Active Listings

Avg $/sqft

ZIP 08501$271
Monmouth County$425

vs Homes Sold Last Month

Median $/sqft

ZIP 08501$289
Monmouth County$384

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Price change$499,000
2026-04-14Listed for sale$525,000
2023-05-26Sold$363,000
2023-05-19Pending sale$360,000
2023-05-10Contingent$360,000
2023-05-05Listed for sale$360,000

For Sale by Agent

AgentJoe D DeLorenzo
BrokerageRE/MAX Select - Princeton

Similar Homes