318-320 N 7th St, Allentown, PA 18102

Allentown
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
318-320 N 7th St,Allentown, PA 18102
$425,000
  • 5 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: james j reardon
Office: exp commercial
MLS#:PALH2014396
Source:BRIGHTMLS

Price summary

  • Price:$425,000

About this home

Well-located, stabilized three-unit multifamily investment generating $44,341 in gross income and $39,575 in net operating income. The asset consists of two separate structures—a standalone single-family residence at 318 and a detached two-unit building at 320—offering clear operational separation and long-term flexibility. The unit mix includes two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The property is fully occupied, with staggered lease expirations extending through November 2026, providing immediate and predictable cash flow. Tenants are responsible for all utilities, including gas heat, electric, and water, with water submetered and billed directly to tenants—keeping landlord expenses minimal and limited to taxes and insurance. One of the larger units has recently undergone renovation and is positioned to achieve a higher market rent, presenting a clear value-add opportunity. Current in-place rents provide stable income, with additional upside through continued...

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Home facts

  • Year built:1890
  • Listing ID #:PALH2014396
  • Added:102 day(s) ago
  • Updated:May 15, 2026 at 01:48 PM

Rooms and interior

  • Bedrooms:5
  • Basement:Yes
  • Basement Description:Full

Heating and cooling

  • Heating:Baseboard - Hot Water, Natural Gas

Structure and exterior

  • Year built:1890
  • Lot area:0.06 Acres
  • Architectural Style:Colonial
  • Construction Materials:Brick
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Tax amount:$2,425 (2025)

Parking

  • Parking description:On Street

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