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About the Listing EXPCOMM1 - 3313981
Well-located three-unit multifamily asset generating $43,681 in gross income and $38,915 in net income. The property consists of a standalone single-family residence at 318 and a separate two-unit building at 320, providing clear operational separation. The unit mix includes two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. All units are fully occupied with staggered lease expirations through November 2026. Tenants pay all utilities, including gas heat, electric, and water. Water is submetered and is the tenants’ responsibility. Landlord expenses are minimal and limited to taxes and insurance, both fully documented. In-place rents provide stable monthly income, with upside potential through rent adjustments supported by current market conditions. This asset is well suited for investors seeking a stabilized small multifamily property with a strong unit mix, operational clarity, and rent-growth upside.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
PALH2014396
Year Built
1890
Total Square Footage
0
Lot/Acreage
0.06
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 0
- Below Ground Sq Ft: 0
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 30.00 x 85.00
- Zoning: B1/R
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,425
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
318 N 7th St Allentown, PA 18102
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