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520 N 7th St 3 Unit Apartment Building $495,000 ($165,000/Unit) Allentown, PA 18102
EXECUTIVE SUMMARY
Mixed-use 3-unit property in the heart of Center City Allentown, offering strong income and future upside. The building includes a commercial space on the first floor and two 1-bedroom apartments on the upper levels. Fully occupied and currently generating approximately $3,500 per month, with potential to increase to $4,200+ as rents are brought to market. Both residential leases are short term, providing flexibility for rent adjustments or repositioning. Located along busy North 7th Street, the property offers excellent visibility and steady foot traffic, surrounded by restaurants, shops, and local businesses. Just minutes from the PPL Center, Hamilton Street corridor, and major transportation routes. Seller is motivated—agents are encouraged to bring all offers.
PROPERTY FACTS
| Price | $495,000 | Building Class | C |
| Price Per Unit | $165,000 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 2,543 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1890 |
| Apartment Style | Low-Rise | ||
| Zoning | B1/R - Limited Business/Residential District | ||
| Price | $495,000 |
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,543 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1890 |
| Zoning | B1/R - Limited Business/Residential District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,300 | 700 |
| 1+1 | 3 | $700.00 | 600 |
| Studios | 1 | - | 1,000 |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 549793901854-1 | Improvements Assessment | $82,000 |
| Land Assessment | $5,400 | Total Assessment | $87,400 |
PROPERTY TAXES
Parcel Number
549793901854-1
Land Assessment
$5,400
Improvements Assessment
$82,000
Total Assessment
$87,400
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520 N 7th St
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