MLS#PALH2014396
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLALLENTOWN
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Fuel Type: Natural Gas
Heating: Baseboard - Hot Water
Home Style: Colonial, Other
Lot Size: 0.06 Acres
Taxes: $2,425
Year Built: 1890
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Exterior: Brick
Lot Dimensions: 0.06 Acre(S)
Municipality: ALLENTOWN CITY
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: ALLENTOWN
Listed By / Shown By
Listed By
Agency Name: eXp Commercial
Agency Phone: 8883977352
Shown By
Agent Name: The Chrissie Barrick Team
Agent Phone: (717) 451-3850
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,271.91 per month $945.87 Principal & Interest $202.08 Property Tax $123.96 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
318 320 N 7th Street | MLS# PALH2014396
This multi-family property located at 318 320 N 7th Street , Allentown, PA 18102 is currently listed for sale with an asking price of $425,000. 320 N 7th Street is located within the ALLENTOWN school district. Search Allentown real estate on www.thechrissiebarrickteam.com today.