Renovated Mixed-Use Property in
438 N 7th Street Allentown, PA 18102
For Sale
$480,000
COMMERCIAL - Allentown, PA
Property Size4,681 SF
Lot Size0.11 Acres
Price / SF$102.54
Days on Market351
Property Features for 438 N 7th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
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
(610) 435-1800
Listed By:
Ayon A Codner · License #RS324477
(610) 435-1800
Added: Aug 11, 2025
Changed: May 1
Last Checked: Jul 27 at 4:06AM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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.
