Mixed-Use Building with
New
For Sale
$399,900
223 N 7th Street, Allentown, PA 18102
CommercialSale, Allentown City, PA
Property Size2,766 SF
Lot Size0.06 Acres
Price / SF$144.58
Days on Market1
Property Features for 223 N 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B1/R
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
From Tilghman St go South on 7th St. Property on the left approximately 1 mile
Subdivision
Allentown-Central
Standard status
Active
APN
640701676042-1
Size
2,766 SF
Lot size
0.06 Acres
Additional Details
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Tax Annual Amount
3635
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1890
Number of units
2
Buildings
1
Listing Agency:
One Valley Realty LLC
(610) 432-7175
Listed By:
Dan Nimeh
(484) 357-7229
Added: Nov 3
Last Checked: Nov 3 at 10:06PM
MLS# 787291
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,766-square-foot mixed-use property contains two units. The ground-floor storefront retains plumbing from its prior hair salon use, while the upper residence spans the second and third floors and includes 3–4 bedrooms. The building dates to 1890 and is zoned B1/R.
The property is at 223 N 7th Street in Allentown, within blocks of the PPL Center. Public water and public sewer serve the site. The lot measures 0.057 acres.
The property is at 223 N 7th Street in Allentown, within blocks of the PPL Center. Public water and public sewer serve the site. The lot measures 0.057 acres.
Key Highlights
- Two‑unit mixed‑use property with storefront and upper‑floor residence
- Ground‑floor commercial unit retains plumbing from a former hair salon
- Upper residence spans floors two and three and has 3–4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,069
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,380
$681.4K
Cap Rate 7%
$486,700
$486.7K
Cap Rate 9%
$378,544
$378.5K
Market Conditions
NOI Build-Up for 2,766 SF
Gross rent
$51.4K $18.60/SF
− Vacancy
−$2.8K −$1.00/SF
EGI
$48.7K $17.60/SF
− OpEx
−$14.6K −$5.28/SF
NOI
$34.1K $12.32/SF
Area
Allentown, PA
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,380
Cap Rate 7%
$486,700
Cap Rate 9%
$378,544
Alternative Uses
Best Use
Retail
$486.7K
$425.9K – $567.8K
NOI $34,069 @ 7.0% cap · market cap 8.52%
Second Best
Mixed Use
$385.9K
$337.6K – $450.2K
NOI $27,010 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$543.4K
$475.5K – $634.0K
NOI $38,038 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,576
Businesses Nearby
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Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-level residential unit sits above a commercial space with salon plumbing already in place.
Where is this mixed-use property located?
The property is located at 223 N 7th Street Allentown, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit mixed‑use property with storefront and upper‑floor residence; Ground‑floor commercial unit retains plumbing from a former hair salon; Upper residence spans floors two and three and has 3–4 bedrooms
