318 N 7th Street, Allentown City, PA 18102

Active For Sale

$425,000

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General Information

Residential Income, Apartment
Property Type

5
Bedrooms

3
Bathrooms

1890
Year Built

Description

Center City Allentown! Here is stabilized three-unit multifamily investment generating a potential of $46641 in gross income and $40,575 in net operating income. The asset consists of two separate structures—a standalone single-family residence at 318 and a detached two-unit building at 320—offering clear operational separation and long-term flexibility. 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, 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. Add to your portfolio or start a new one! Allentown is continuing to grow and have great tenancy for investors. 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.