Renovated Mixed-Use Property in
For Sale
$480,000
438 N 7th Street, Allentown, PA 18102
COMMERCIAL - Allentown, PA
Property Size4,681 SF
Lot Size0.11 Acres
Price / SF$102.54
Days on Market358
Property Features for 438 N 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Family
Subdivision
Allentown City
Standard status
Active
APN
02 08 G09SE1C 014 007
Size
4,681 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Property Address: 0438 N 7th St /Tile Number: 475912D/School District: Allentown School District /Family Rooms: 0
Tax Annual Amount
2991
Legal Description
Property Address: 0438 N 7th St /Tile Number: 475912D/School District: Allentown School District /Family Rooms: 0
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1843
Floors in Building
3
Building materials
Brick
Listing Agency:
Keller Williams Real Estate - Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
Ayon A Codner · License #RS324477
(610) 435-1800
Added: Aug 11, 2025
Changed: May 1
Last Checked: Aug 3 at 5:06PM
MLS# PM-134720
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property in Allentown presents an investment or owner-user opportunity. The renovated building contains two residential units and one ground-level retail/commercial space. The commercial/retail space is approximately 800 square feet and includes a private restroom, kitchenette, and storage. One residential unit is a one-bedroom studio apartment. The other is a two-bedroom apartment with separate living and dining rooms; it is currently tenant-occupied with approximately four months remaining on the lease. Renovations completed in 2020 included updated electrical and plumbing systems. Additional features include rear parking and approved plans for an ADA ramp to the commercial space. The retail unit and select portions of the property require finishing touches, and the seller is open to completing the remaining work or offering the property as-is.
Key Highlights
- Fully renovated mixed‑use property with two residential units and one commercial space offers strong value‑add potential.
- Updated electrical and plumbing systems throughout the property ensure modern infrastructure.
- Ground‑level retail/commercial space (approx. 800 SF) with private restroom, kitchenette, and generous storage.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.3k | $18.00 |
| − Vacancy | −$5.7k | −$1.22 |
| EGI | $78.5k | $16.78 |
| − OpEx | −$35.3k | −$7.55 |
| NOI | $43.2k | $9.23 |
4,681 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Retail
$823.7K
$720.7K – $960.9K
NOI $57,656 @ 7.0% cap · market cap 12.01%
Second Best
Mixed Use
$653.0K
$571.4K – $761.8K
NOI $45,710 @ 7.0% cap · market cap 9.52%
Theoretical Best
Specialty Retail
$919.6K
$804.7K – $1.07M
NOI $64,373 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,349
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
$146,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Allentown, PA
Properties on Market for Mixed-use properties in Allentown
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Value-add mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 438 N 7th Street Allentown, PA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Fully renovated mixed‑use property with two residential units and one commercial space offers strong value‑add potential.; Updated electrical and plumbing systems throughout the property ensure modern infrastructure.; Ground‑level retail/commercial space (approx. 800 SF) with private restroom, kitchenette, and generous storage.
