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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 $82,760 $27.28
Other Income - -
Vacancy Loss - -
Effective Gross Income $82,760 $27.28
Taxes - -
Operating Expenses $22,053 $7.27
Total Expenses $22,053 $7.27
Net Operating Income $60,707 $20.01

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $82,760
Annual Per SF $27.28
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $82,760
Annual Per SF $27.28
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual $22,053
Annual Per SF $7.27
Total Expenses (CAD)
Annual $22,053
Annual Per SF $7.27
Net Operating Income (CAD)
Annual $60,707
Annual Per SF $20.01

Property Facts

Price $657,475 CAD
Price Per Unit $109,579 CAD
Sale Type Investment
Cap Rate 9.23%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.11 AC
Building Size 3,034 SF
No. Stories 3
Year Built/Renovated 1843/2020
Parking Ratio 0.99/1,000 SF
Opportunity Zone Yes
Zoning B1/R

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 $1,781 CAD -
2+1 3 $2,055 CAD -
Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
549792978241-1
Land Assessment
$16,300 CAD (2026)
Improvements Assessment
$128,619 CAD (2026)
Total Assessment
$144,918 CAD (2026)
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 37187789

  • Date on Market: 2025-08-08

  • Last Updated:

  • Address: 438 N 7th St, Allentown, PA 18102

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