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520 N 7th St 3 Unit Apartment Building $690,980 CAD ($230,327 CAD/Unit) Allentown, PA 18102
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $690,980 CAD | Building Class | C |
| Price Per Unit | $230,327 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 2,543 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1890 |
| Apartment Style | Low-Rise | ||
| Zoning | B1/R - Limited Business/Residential District | ||
| Price | $690,980 CAD |
| Price Per Unit | $230,327 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,543 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1890 |
| Zoning | B1/R - Limited Business/Residential District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,815 CAD | 700 |
| 1+1 | 3 | $977.14 CAD | 600 |
| Studios | 1 | - | 1,000 |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 549793901854-1 | Improvements Assessment | $115,108 CAD |
| Land Assessment | $7,580 CAD | Total Assessment | $122,689 CAD |
PROPERTY TAXES
Parcel Number
549793901854-1
Land Assessment
$7,580 CAD
Improvements Assessment
$115,108 CAD
Total Assessment
$122,689 CAD
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520 N 7th St
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