318-320 N 7TH Street Allentown, PA 18102
- Added:
- Feb 1, 2026
- Days on Market:
- 96
- Last Refresh:
- May 8 at 5:06 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 Net Operating Income: Generates $39,575 annually.
- Fully Occupied with Staggered Lease Expirations through November 2026, providing predictable cash flow.
- Two Separate Structures: Standalone single‑family residence and detached two‑unit building.
- Tenant‑Paid Utilities: Minimizing landlord expenses with tenants responsible for all utilities; water is submetered.
- Value‑Add Opportunity: Recently renovated unit positioned for higher market rent.
- Stable Income with Rent Optimization Potential: Upside through rent increases.
Overview
Allentown Multifamily Investment Opportunity
This stabilized three-unit multifamily property is an investment opportunity generating $44,341 in gross income and $39,575 in net operating income. The asset includes two separate structures: a standalone single-family residence and a detached two-unit building, offering operational separation and long-term flexibility. The unit mix consists of 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 predictable cash flow. Tenants are responsible for all utilities, including gas heat, electric, and water, with water submetered and billed directly to tenants. Landlord expenses are minimal, 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 value-add opportunity. Current in-place rents provide stable income, with additional upside through continued rent optimization. The property is located in Allentown, PA, and sits on a lot of approximately 0.0585 acres. This is an opportunity for investors seeking a low-maintenance, income-producing asset with strong fundamentals, operational clarity, and built-in rent growth potential.
Property Profile
Insight Report
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 - Stabilized three-unit property with income and growth potential.
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 $425,000.
What are key features of this property?
This property features: High Net Operating Income: Generates $39,575 annually.; Fully Occupied with Staggered Lease Expirations through November 2026, providing predictable cash flow.; Two Separate Structures: Standalone single‑family residence and detached two‑unit building.
