NEW! Buy and sell safely with virtual options - Learn More
About the Listing EXPCOMM1 - 3313981
Well-located, stabilized three-unit multifamily investment generating $44,341 in gross income and $39,575 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 extending through November 2026, 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. 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.
Listing Highlights
Status
Active
Days on Site
94
Property Type
Multi-Family
MLS ®
PALH2014396
Year Built
1890
Total Square Footage
0
Lot/Acreage
0.06
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 0
- Below Ground Sq Ft: 0
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 30.00 x 85.00
- Zoning: B1/R
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,425
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
318 N 7th St Allentown, PA 18102
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
