438 N 7th Street, Allentown, PA 18102
$502,000
Property Type:
Commercial Sale
Square Footage:
4,681
Lot Size (sq. ft.):
4,661
Status:
Active
Current Price:
$502,000
List Date:
8/11/2025
Last Modified:
8/25/2025
Description
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.
More Information MLS# PM-134720
Contract Information
Listing Service: Full Service
Property Sub Type: Mixed Use
List Price: $502,000
Current Price: $502,000
Status: Active
Listing Contract Date: 2025-08-11
Location, Tax, and Legal
Parcel Number: 02 08 G09SE1C 014 007
Municipality: Allentown City
County Tax Amount: 338.31
Municipal Tax Amount: 625.65
School Tax Amount: 2026.55
Tax Annual Amount: 2990.51
Tax Assessed Value: 89500
Tax Year: 2025
Tax Map Number: 549792978241001
Deed Recording Date: 2019-12-10
Tax Legal Description: Property Address: 0438 N 7th St /Tile Number: 475912D/School District: Allentown School District /Family Rooms: 0
Zoning Description: Multi-Family
General Property Information
Above Grade Finished Area: 2878
Building Area Source: Public Records
Stories: 3
Garage YN: No
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 3
Lot Size Acres: 0.107
Water Body Access YN: No
List Price/SqFt: 107.24
Building Area Total: 4681
Year Built: 1843
Remarks and Miscellaneous
Public Remarks: 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.
Unit Details
Number Of Units Leased: 1
Income and Expenses
Gross Income: 60420
Net Operating Income: 44320
Operating Expense: 16100
Special Listing Conditions
Standard: 1
Possession
Close Of Escrow: 1
Structure Type
Mixed Use: 1
Current Use
Mixed Use: 1
Building Features
High Traffic Area: 1
Construction Materials
Brick: 1
Cooling
Ceiling Fan(s): 1
Heating
Baseboard: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Parking Pad: 1
On Street: 1
Road Frontage Type
City Street: 1
Location Tax and Legal
County: Lehigh
Street Number: 438
Street Direction Prefix: N
Street Name: 7th
Street Suffix: Street
City (Post Office): Allentown
State: PA
Postal Code: 18102
Subdivision Name: None
Property Features
Special Listing Conditions: Standard
Possession: Close Of Escrow
Structure Type: Mixed Use
Current Use: Mixed Use
Building Features: High Traffic Area
Construction Materials: Brick
Cooling: Ceiling Fan(s)
Heating: Baseboard
Water Source: Public
Sewer: Public Sewer
Parking Features: Parking Pad; On Street
Road Frontage Type: City Street
Listing Office:
Keller Williams Real Estate - Allentown
Last Updated: August - 25 - 2025
Information deemed reliable but not guaranteed.