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Value-Add Mixed-Use Opportunity 438 N 7th St 6 Unit Apartment Building $700,752 CAD ($116,792 CAD/Unit) 8.83% Cap Rate Allentown, PA 18102



EXECUTIVE SUMMARY
Value-Add Mixed-Use Opportunity – Three (3) Units For Sale An excellent investment or owner-user opportunity is now available with this fully renovated mixed-use property. The building includes two (2) residential units and one (1) ground-level retail/commercial space, offering strong value-add potential. • Unit 1: Approx. 800 SF commercial/retail space featuring a private restroom, kitchenette, and generous storage—ideal for an owner-occupant or to maximize rental income. • Unit 2: One-bedroom studio apartment, perfect for consistent rental income. • Unit 3: Two-bedroom apartment with separate living and dining rooms. Currently tenant-occupied with approximately four months remaining on the lease. Renovated in 2020, the property features updated electrical and plumbing systems throughout, ensuring modern infrastructure and long-term durability. Additional highlights include rear parking and approved plans for an ADA ramp to the commercial space, adding both accessibility and value. Disclosure: The retail unit and select portions of the property still require finishing touches. The seller is open to completing the remaining work or offering the property as-is at a more favorable price. This flexibility allows you to customize or add value to the property according to your vision.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$84,341
|
$27.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,341
|
$27.80
|
| Taxes |
-
|
-
|
| Operating Expenses |
$22,474
|
$7.41
|
| Total Expenses |
$22,474
|
$7.41
|
| Net Operating Income |
$61,867
|
$20.39
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $84,341 |
| Annual Per SF | $27.80 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $84,341 |
| Annual Per SF | $27.80 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,474 |
| Annual Per SF | $7.41 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,474 |
| Annual Per SF | $7.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $61,867 |
| Annual Per SF | $20.39 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,815 CAD | - |
| 2+1 | 3 | $2,094 CAD | - |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 549792978241-1 | Total Assessment | $126,149 CAD (2025) |
| Land Assessment | $16,773 CAD (2025) | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $109,376 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
549792978241-1
Land Assessment
$16,773 CAD (2025)
Improvements Assessment
$109,376 CAD (2025)
Total Assessment
$126,149 CAD (2025)
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2024
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Value-Add Mixed-Use Opportunity | 438 N 7th St
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