520 N 7th St - Apartments FOR SALE


Allentown, PA 18102- Allentown City Historic District
$495,000 USD
484-764-4912
520 N 7th St, Allentown, PA for Sale
$495,000 USD
Apartments - FOR SALE
1/45
null | Request Cap Rate


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

3

PRICE/UNIT

$165,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

B1/R

APN/PARCEL ID

549793901854-1

ASK ABOUT THIS PROPERTY

Jose OrtizI-Do Real EstateMore Info
484-764-4912

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Jose OrtizI-Do Real EstateMore Info
484-764-4912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.