$425,000/mo

318 North 7th Street 318, Allentown City, PA 18102

  • 5 beds |
  • 3 baths |
  • 2,260 sqft
Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.
  • Property Icon Rental
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon2,570sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $188/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
February 5, 2026 at 5:18AM
Listing Office:
EXP Realty LLC : (888) 397-7352
MLS ID:
770793
  • A/C: NoneWall/Window Unit(s)
  • Heating: Baseboard
  • Parking: Parking spaces: 3
  • General: Brick2
  • Originating MLS: HIGH_LHI
  • School District: Allentown
  • County: Lehigh
  • Zoning: B1/R640702301773 1
  • Water: Public
  • Sewer: Public Sewer
  • Source: HIGH_LHI

Presented by Veterans United Realty

This listing courtesy of EXP Realty LLC

Location

Schools Nearby

C

Central Elementary STREAM Academy

829 W Turner St, Allentown, PA, 18102

Grades PK-5

0.18 miles away

H

Harrison-Morton Middle School

137 N 2nd St, Allentown, PA, 18101

Grades 6-8

0.72 miles away

B

Building 21 Allentown

265 Lehigh St, Allentown, PA, 18102

Grades 9-12

0.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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#770822 - EXP Realty LLC