318-320 N 7TH ST Allentown, PA 18102
2,550 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALH2014396
Style Colonial,Other
Year Built 1890
Annual Tax Amount $2,425
Tax Year 2025
Lot Size 2,550 Sqft
Acres 0.06
Lot Dimensions 30.00 x 85.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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 extending through November 2026, 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.
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.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning B1/R
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial, Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Allentown
Others
Tax ID 640702301773-00001
Ownership Fee Simple
Special Listing Condition Standard
