USAPAAllentownNot in Development318-318 N 7Th St
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$425,000

For Sale

3 months ago

318 - 318 N 7 Th St, Allentown, PA

Condo

MLS® 770793

5 Bed

3 Bath

2260 sqft

3 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 2260 sqft
Garage No
HOA Fees $500
Taxes $2,426
Days Active 97
Approx. Age 1890
Avg. Price Per Sqft $188
MLS® Number 770793

Property Address: 318-318 N 7th St, Allentown, PA, 18102-3212

Average square foot calculated using Size range provided by listing agent.

Description

Center City Allentown! Here is stabilized three-unit multifamily investment generating a potential of $46641 in gross income and $40, 575 in net operating income. 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 taxes and insurance. One of the larger units has recently undergone renovation and is positioned to achieve a higher market rent, presenting a clear value-add opportunity. Current in-place rents provide stable income, with additional upside through continued rent optimization in line with market conditions. Add to your portfolio or start a new one! Allentown is continuing to grow and have great tenancy for investors. This is an ideal opportunity for investors seeking a low-maintenance, income-producing asset with strong fundamentals, operational clarity, and built-in rent growth potential.
MLS® Number770793
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1890
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 1, 2026List Date
$425,000List Price
  • Commute

Commute

Starting Address
Destination Address
318 N 7 Th St, Allentown, PA

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