318 N 7th Street #318, Allentown, PA 18102

Allentown
Local realty services provided by:ERA One Source Realty
318 N 7th Street #318,Allentown City, PA 18102
$425,000
  • 5 Beds
  • 3 Baths
  • 2,260 sq. ft.
  • Multi-family
  • Active
Listed by: joshua schoenberger
Office: exp realty llc.
MLS#:770793
Source:PA_LVAR

Price summary

  • Price:$425,000
  • Price per sq. ft.:$188.05

About this home

Group showing 3/21 from1215 -115pm Well-located three-unit multifamily asset generating $44,341 in gross income and $39,575 in net income. The property consists of a standalone single-family residence at 318 and a separate two-unit building at 320, providing clear operational separation. The unit mix includes two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. All units are fully occupied with staggered lease expirations through November 2026. Tenants pay all utilities, including gas heat, electric, and water. Water is submetered and is the tenants’ responsibility. Landlord expenses are minimal and limited to taxes and insurance, both fully documented. In-place rents provide stable monthly income, with upside potential through rent adjustments supported by current market conditions. This asset is well suited for investors seeking a stabilized small multifamily property with a strong unit mix, operational clarity, and rent-growth upside.

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Home facts

  • Year built:1890
  • Listing ID #:770793
  • Added:48 day(s) ago
  • Updated:March 22, 2026 at 10:21 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,260 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Baseboard

Structure and exterior

  • Year built:1890
  • Building area:2,260 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Brick
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$188.05
  • Tax amount:$2,426

Parking

  • Total parking spaces:3

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