Duplex with Updated
For Sale
$349,900
332 N 7th St, Allentown, PA 18102
Two apartments provide a one-bedroom layout on the first floor and a three-bedroom residence across the upper levels.
Property Size1,568 SF
Price / SF$223.15
Days on Market16
Property Features for 332 N 7th St
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Residential Income
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$1,874
Building Details
Buildings
1
Listing Agency:
BHHS Regency Real Estate
(610) 432-5252
Listed By:
Andrew A. Ginsburg
(610) 349-6644
Source:
Exprealty
Added: Oct 15
Changed: Oct 29
Last Checked: Oct 28 at 11:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Regency Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two apartments totaling 1,568 square feet. The first-floor unit has one bedroom, an updated kitchen, and vinyl and engineered hardwood flooring. A three-bedroom apartment occupies the second and third floors, with an updated kitchen featuring quartz countertops and vinyl flooring. The building also has a small basement with access from the front, separate utilities, updated electrical service, and a recently installed roof.
The property is on N 7th St, a few blocks from the PPL arena and on a main route toward downtown Allentown.
The property is on N 7th St, a few blocks from the PPL arena and on a main route toward downtown Allentown.
Key Highlights
- Two apartments: one‑bedroom first‑floor unit and three‑bedroom upper unit
- 1,568‑square‑foot duplex
- Updated kitchens in both units; upper kitchen has quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,448
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,960
$329.0K
Cap Rate 7%
$234,971
$235.0K
Cap Rate 9%
$182,756
$182.8K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$25.4K $16.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$23.5K $14.99/SF
− OpEx
−$7.0K −$4.50/SF
NOI
$16.4K $10.49/SF
Area
Allentown, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,960
Cap Rate 7%
$234,971
Cap Rate 9%
$182,756
Alternative Uses
Best Use
Multifamily LT 5
$235.0K
$205.6K – $274.1K
NOI $16,448 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$206.7K
$180.9K – $241.1K
NOI $14,468 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$308.0K
$269.5K – $359.4K
NOI $21,563 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,650
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments provide a one-bedroom layout on the first floor and a three-bedroom residence across the upper levels.
Where is this duplex located?
The property is located at 332 N 7th St Allentown, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two apartments: one‑bedroom first‑floor unit and three‑bedroom upper unit; 1,568‑square‑foot duplex; Updated kitchens in both units; upper kitchen has quartz countertops
