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

Local realty services provided by:ERA OakCrest Realty, Inc.
318-320 N 7th St,Allentown, PA 18102
$425,000
  • 5 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: james j reardon
Office: exp commercial
MLS#:PALH2014396
Source:BRIGHTMLS

Price summary

  • Price:$425,000

About this home

Well-located three-unit multifamily asset generating $43,681 in gross income and $38,915 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 #:PALH2014396
  • Added:1 day(s) ago
  • Updated:February 03, 2026 at 05:34 AM

Rooms and interior

  • Bedrooms:5

Heating and cooling

  • Heating:Baseboard - Hot Water, Natural Gas

Structure and exterior

  • Year built:1890
  • Lot area:0.06 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Tax amount:$2,425 (2025)

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