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Three-Unit Residential Income Property

318 N 7th Street, Allentown, PA 18102

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For Sale

$405,000

MULTI_FAMILY - Allentown City, PA

Type:Apartment

HighLights

Three‑unit rental property with two 2‑bedroom units and one 1‑bedroom unit
Includes a single‑family home at 318 and a separate two‑unit building at 320
Reported gross income of $48,780 and net income of $44,014
Two units are currently rented and one unit is vacant
Two apartments were recently updated
Utilities billed separately: water, electric, and heat are paid by tenants; public water and public sewer

We can help!

Listing Contact

Akinlana Popoola

For Sale

$405,000

MULTI_FAMILY - Allentown City, PA

Type:Apartment

Added:: Jun 10, 2026
Days on Market:: 2
Last Refresh:: Jun 11 at 6:06 pm

Property Features for 318 N 7th Street

General Information

Property type: Residential Multi Family
Property subtype: Apartment
Zoning: B1/R
Bedrooms: 5
Bathrooms: 3
Rooms: Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
Parking: 3
Standard status: Active
APN: 640702301773 1

Taxes and HOA fees

Tax Annual Amount: 2426

Utilities

Sewer type: Public Sewer
Heating system: Baseboard
Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1890
Floors in Building: 2
Number of units: 3
Building materials: Brick

We can help!

Listing Contact

Akinlana Popoola

Listing agent Akinlana Popoola

Listing office EXP Realty LLC 168 W Ridge Pike, Unit 101, pittsburgh, PA

Listing date Jun 10, 2026

MLS# 778222 Listing URL

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.

HighLights

Three‑unit rental property with two 2‑bedroom units and one 1‑bedroom unit
Includes a single‑family home at 318 and a separate two‑unit building at 320
Reported gross income of $48,780 and net income of $44,014
Two units are currently rented and one unit is vacant
Two apartments were recently updated
Utilities billed separately: water, electric, and heat are paid by tenants; public water and public sewer

Overview

This three-unit residential income property includes a single-family home at 318 N 7th Street and a separate two-unit building at 320 N 7th Street. The unit mix consists of two 2-bedroom apartments and one 1-bedroom apartment. Two units are currently rented and one unit is vacant. Water, electric, and heat are separately metered and paid by the tenants, which helps keep landlord expenses lower. Two of the apartments have recently been updated.

The property is located in Allentown, Pennsylvania, and is described as being close to the PPL Center and downtown Allentown. Access is supported by proximity to restaurants, entertainment, and local businesses.

From an owner-occupant perspective, the configuration can support living in one unit while collecting rent from the other two. For investors, the property offers existing rental income with a mix of unit sizes already in place, plus the benefit of recent updates in two units.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Allentown
County: Lehigh
State: Pennsylvania
Longitude: -75.475399
Latitude: 40.610035

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For sale
Triplexes
PA
Allentown
18102
318 N 7th Street

What type of property is this?

Triplex - Two 2-bedroom units and one 1-bedroom unit with tenant-paid utilities and recent updates to support steady occupancy.

Where is this triplex located?

The property is located at 318 N 7th Street Allentown, PA.

What is the asking price?

The asking price for this property is $405,000.

What are key features of this property?

This property features: Three‑unit rental property with two 2‑bedroom units and one 1‑bedroom unit; Includes a single‑family home at 318 and a separate two‑unit building at 320; Reported gross income of $48,780 and net income of $44,014

318 N 7th Street, Allentown, PA 18102

MULTI_FAMILY - Allentown City, PA

Property Features for 318 N 7th Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Allentown Mixed-Use Redevelopment Opportunity

Allentown Office Building For Sale

Allentown Commercial Investment Opportunity

Allentown Commercial Building For Sale

Mixed-Use Investment Property, Allentown, PA

Allentown City Investment Opportunity

Allentown City Office Building For Sale

Corner Mixed-Use Investment Property

Turnkey Church with Classroom Space

Mixed-Use Investment Opportunity

Allentown Medical/Office Building For Sale

Turnkey Multifamily Investment Opportunity

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