138 North 7th Street

Allentown, PA 18101

$2,449,000
Price
17
Beds
12
Baths
2
1/2 Baths
12,214 Sq. Ft.
$201 / Sq. Ft.
12,214
Sq. Ft.
$201
per Sq. Ft.

Description

Property sold with Clear CO! Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what’s existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have...Property sold with Clear CO! Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what’s existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown. This property is a must see!
  1. Listed by Andrew A. Ginsburg • BHHS Regency Real Estate
  2. Listed by Kristine McCreary-Williams • Full CircleRealty&PropertyMgmt

Property Details for 138 North 7th Street

Area
Allentown-Central
Sub division
Not in Development
LISTING UPDATED: 04/13/2024 11:12 PM

Property Details for 138 North 7th Street

StatusAvailable
MLS #729724
Days on Market364
Taxes$10,745 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1900
CountyLehigh County

Building Information for 138 North 7th Street

Building/Complex138 N 7th StFloor-Stories3Residences15Pet Policy-Year Built1900Building Size-

Property Information for 138 North 7th Street

Summary
Location and General Information
  • Directions: From 22 - South on 7th Street - Property on Right adjacent to PPL Center
  • School District: Allentown
Parking
  • Parking: None
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • Lawn Snow Removal: $250
  • Maintenance Repair: $6,000
  • Management: 0
  • Total Taxes: $10,745.00
Property
Lot Information
  • Acres: 0.146
  • APN: 640701623265 001
  • Lot Dimensions: 57 x 112
  • Lot Size Source: Tax Records
  • Zoning Code: B-2-Central Business
Property and Assessments
  • County Assessment: $322,100.00
  • Property SubType Category: Apartment Style, Commercial
  • Square Footage Source: Tax Records
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 1248
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 4760
Interior and Exterior Features
Exterior Features
  • Construction: Brick, Stucco, Vinyl
Interior Features
  • Baths: Semi Modern
  • Heat: $0
  • Heat Type: Baseboard, Electric
Multi Family
Multi-Family Information
  • Gross Income: $225,180.00
  • Insurance: $4,087
  • Net Income: $193,590.00
  • Operating Expense: $31,590
  • Other Expenses: $0
  • Trash Removal: 4500
  • Total Unit Count: 15
  • Total Units: 15
Unit 1
  • Unit Total1 Bedroom: 7
Unit 2
  • Unit Total2 Bedrooms: 5

Property History for 138 North 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 138 North 7th Street

Taxable ValueLand$12,600Additions$153,400Total$166,000
Tax Record2024$5,366 ($447 / month)
Home Facts
Total Finished SqFt5,780 SqFtAbove Grade Finished SqFt5,780 SqFtStories4Lot Size1,802 SqFtStyleStoresYear Built1900ZoningB-2CountyLEHIGHAPN640701623534-1

Schools near 138 North 7th Street

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Central El School
PublicK to 5

Francis D Raub Middle School
Public6 to 8

William Allen High School
Public9 to 12

Building 21 Allentown
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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138 North 7th Street is a multi-family home for sale in Allentown, PA 18101. This property was listed for sale on December 20, 2023 by BHHS Regency Real Estate, it's currently listed at $2,449,000. This listing's school district is Allentown City School District. Nearby schools include Central El School, Francis D Raub Middle School and William Allen High School. 138 North 7th Street is a 17-bed, 13-bath, 12,214 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Regency Real Estate; Full CircleRealty&PropertyMgmt

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.