318-320 N 7TH ST, Allentown, PA 18102

Property Description

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.

Listing Status:

Active

Data Last Updated:

February 5, 2026 at 6:17AM

Listing Office:

eXp Commercial : 8883977352

Listing Agent:

james J Reardon : 4848662495

MLS ID:

PALH2014396

Interior

• Basement: Full
• A/C: None
• Heating: Baseboard - Hot WaterNatural Gas
• Disability Feature: 2+ Access Exits

Exterior

• General: Above GradeBelow Grade
• Style: ColonialOther

Construction

• General: BrickStone

Location

• Originating MLS: BRIGHT_MAIN
• School District: ALLENTOWN
• County: LEHIGH-PA

Lot

• Zoning: B1/R640702301773-00001

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN