438 N 7th Street, Allentown, PA 18102
MULTI_FAMILY - Allentown City, PA
- Added:
- Aug 7, 2025
- Days on Market:
- 310
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 438 N 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B1/R
- Parking
- 3
- Standard status
- Active
- APN
- 549792978241 1
- Size
- 2,878 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2991
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
- Number of units
- 3
- Building materials
- Brick
Listing agent Ayon A. Codner License #RS324477 (610) 435-1800
Listing office Keller Williams Allentown 1605 N.CedarCrestBlvd, Ste309, Allentown, PA (610) 435-1800
Listing date Aug 7, 2025
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
- Value‑add mixed‑use property with two residential units and one commercial unit.
- Renovated in 2020 with updated electrical and plumbing systems.
- Commercial/retail space (approx. 800 SF) with private restroom, kitchenette, and storage.
- Rear parking and approved plans for an ADA ramp to the commercial space.
- One‑bedroom studio apartment for consistent rental income.
- Flexibility to complete finishing touches on the retail unit and select portions of the property, with potential for a more favorable price.
Overview
Local Financial Insights For Retail
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 | $53.5k | $18.60 |
| − Vacancy | −$2.9k | −$1.00 |
| EGI | $50.6k | $17.60 |
| − OpEx | −$15.2k | −$5.28 |
| NOI | $35.4k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.475336
- Latitude
- 40.608663
