Updated Two-Unit
New
For Sale
$349,900
332 N 7th Street, Allentown, PA 18102
ResidentialIncome, Allentown City, PA
Property Size1,568 SF
Lot Size0.05 Acres
Price / SF$223.15
Days on Market2
Property Features for 332 N 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B1/R
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking
4
Parking features
Off Street, On Street
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
South on 7th Street - Property on Right
Standard status
Active
APN
640702214776-1
Size
1,568 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
1874
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Building materials
Brick, Frame, VinylSiding
Listing Agency:
BHHS Regency Real Estate · Prudential Real Estate
(610) 432-5252
Listed By:
Andrew A. Ginsburg
(610) 349-6644
Added: Oct 15
Last Checked: Oct 16 at 10:06AM
MLS# 785950
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 1,568-square-foot duplex contains two apartments: a one-bedroom unit on the first floor and a three-bedroom unit spanning the second and third floors. Both kitchens have been updated; finishes include vinyl and engineered hardwood flooring, with quartz countertops in the upper apartment. A small basement is reached from the building’s front. The 1890-built property has updated electrical systems and separate utilities.
The 0.05-acre parcel is in Allentown, a few blocks from PPL Arena, along a main route toward downtown. Zoning is B1/R. Public water and sewer serve the property, with both on-street and off-street parking listed.
The 0.05-acre parcel is in Allentown, a few blocks from PPL Arena, along a main route toward downtown. Zoning is B1/R. Public water and sewer serve the property, with both on-street and off-street parking listed.
Key Highlights
- Two apartments: one bedroom on the first floor and three bedrooms across the second and third floors
- 1,568 square feet on a 0.05‑acre lot
- Updated kitchens; quartz countertops in the three‑bedroom apartment
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.
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Property Analytics
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Current Use
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
Check the figures for this property
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 - Each apartment has its own utility service, and the building’s electrical systems have been upgraded.
Where is this duplex located?
The property is located at 332 N 7th Street 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 on the first floor and three bedrooms across the second and third floors; 1,568 square feet on a 0.05‑acre lot; Updated kitchens; quartz countertops in the three‑bedroom apartment
