Allentown Multifamily Investment
318-320 N 7TH Street, Allentown, PA 18102
- Added:
- Feb 1, 2026
- Days on Market:
- 115
- Last Refresh:
- May 27 at 4:06 am
Property Features for 318-320 N 7TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2425
Utilities
- Heating system
- Hot Water(Heating), Baseboard
Building Details
- Year built
- 1890
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent james J Reardon License #RS342638 (484) 866-2495
Listing office eXp Commercial 630 Freedom Business Ctr Drive unit: 300, Dover, PA (888) 397-7352
Listing date Feb 1, 2026
MLS# PALH2014396
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High income potential: $48,780 gross and $42,675 net operating income with the third unit rented.
- Opportunity to live rent‑free by occupying one unit and having rental income cover expenses.
- Two separate buildings offer operational separation and flexibility.
- Fully occupied with staggered lease expirations, providing immediate and predictable cash flow.
- Tenants pay all utilities, minimizing landlord expenses. Water is submetered.
- Recently renovated unit presents a value‑add opportunity for higher market rent.
Overview
This three-unit investment property in Allentown, PA, offers a potential gross weekly income of $4060, with a potential gross annual income of $48780 and a net operating income of $42,675. The property features two separate structures: a standalone single-family residence at 318 and a detached two-unit building at 320, providing operational separation and long-term flexibility. The unit mix includes two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. Currently, two apartments are rented at $1155 and $1360, and the third, recently renovated apartment, is projected to rent for $1550. The property is fully occupied with staggered lease expirations, ensuring immediate cash flow. Tenants cover all utilities, including gas heat, electric, and water, with water submetered and billed directly to tenants, minimizing landlord expenses to taxes and insurance. One of the larger units has been recently renovated and is positioned to achieve a higher market rent, presenting a value-add opportunity. The property, situated on a 0.0585-acre lot, is an ideal opportunity for investors seeking a low-maintenance, income-producing asset with strong fundamentals and rent growth potential. The property is located in Allentown, which is experiencing continued growth and offers great tenancy for investors.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4742
- Latitude
- 40.60686
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property with income potential in Allentown, Pennsylvania.
Where is this triplex located?
The property is located at 318-320 N 7TH Street Allentown, PA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: High income potential: $48,780 gross and $42,675 net operating income with the third unit rented.; Opportunity to live rent‑free by occupying one unit and having rental income cover expenses.; Two separate buildings offer operational separation and flexibility.
