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438 N 7th Street, Allentown, PA 18102 (MLS# PM-134720)

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
IDX
Last Updated: August - 25 - 2025
Information deemed reliable but not guaranteed.