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318-320 N 7th St, Allentown, PA 18102

Allentown
Local realty services provided by:CENTURY 21 Gold
318-320 N 7th St,Allentown, PA 18102
$424,900
  • 5 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: james j reardon
Office: exp commercial
MLS#:PALH2014396
Source:BRIGHTMLS

Price summary

  • Price:$424,900

About this home

3 unit investment property. Here is stabilized multifamily investment generating a potential of $4060 in gross weekly income and potential of $48780 gross $42,675 in net operating income. The potential becomes reality when you rent the 3rd apartment, or live in one and have the rentals pay for you to live rent free! 2 apartments rented at $1155 and $1360 and the third recently renovated apartment should go for $1550. The asset consists of two separate structures—a standalone single-family residence at 318 and a detached two-unit building at 320—offering clear operational separation and long-term flexibility. The unit mix includes two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The property is fully occupied, with staggered lease expirations, providing immediate and predictable cash flow. Tenants are responsible for all utilities, including gas heat, electric, and water, with water submetered and billed directly to tenants—keeping landlord expenses minimal and limited to...

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Home facts

  • Year built:1890
  • Listing ID #:PALH2014396
  • Added:121 day(s) ago
  • Updated:June 03, 2026 at 01:41 PM

Rooms and interior

  • Bedrooms:5
  • Basement:Yes
  • Basement Description:Full

Heating and cooling

  • Heating:Baseboard - Hot Water, Natural Gas

Structure and exterior

  • Year built:1890
  • Lot area:0.06 Acres
  • Architectural Style:Colonial
  • Construction Materials:Brick
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$424,900
  • Tax amount:$2,425 (2025)

Parking

  • Parking description:On Street

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