NOT LISTED FOR SALE

148 S 7th St Allentown, PA 18101

Center City Neighborhood
2 Beds
1 Bath
6,102 Sq Ft
7,100 Sq Ft Lot

Last Sold April 10, 2024

Last sale price $950,000 $156 Per Sq Ft

128 Days on Market

Highlights

  • 0.16 Acre Lot
  • Forced Air Heating and Cooling System
  • 4-minute walk to Jackson Street Park
  • Commercial or Retail Space

About This Home

As of April 2024

Investment Opportunity available for sale in Downtown Allentown. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bedroom residential apartments that are ready to be leased for $1,850 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer min-split air units along with washer and dryer hookups.
The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown.

Last Agent to Sell the Property

Ayon Codner

Keller Williams Allentown Listed on: 06/07/2023

Keller Williams Allentown

Co-Listed By

Daniel Vialet

Keller Williams Allentown

Last Buyer's Agent

Jeniffer Benner

KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,100

Home Design

  • 6,102 Sq Ft Home
  • Commercial or Retail Space
  • Mixed Use
  • Brick Exterior Construction

Parking

  • 10 Parking Spaces
  • Paved Parking

Additional Features

  • 7,100 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 640619345197001

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $600
  • Insurance Expense $3,600
  • Maintenance Expense $3,060
  • Manager Expense $4,988
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • Operating Expense $20,389
  • Gross Income $105,000
  • Net Operating Income $79,361

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial, Mixed Use
  • County Assessment: 168100.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1960
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Square Footage: 6102

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 10

Utilities

  • Cooling: Central AC
  • Heat Type: Electric, Forced Air
  • Sewer: Public
  • Water: Public
  • Electric: 600
  • Insurance: 3600
  • Trash Removal: 1000
  • Water Sewer: 1000

Condo/Co-op/Association

  • Maintenance Repair: 3060
  • Management: 4988

Fee Information

  • Operating Expense: 20389

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.163
  • Lot Sq Ft: 7100
  • Zoning Code: B-2-CENTRAL BUSINESS

Tax Info

  • Assessor Parcel Number: 640619345197001

Multi Family

  • Total Units: 4
  • Total Unit Count: 4

MLS Schools

  • School District: Allentown

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Sold $950,000 0.0% $156 / Sq Ft
01/01/2024 01/01/24 Rented $1,800 -2.7% --
12/07/2023 12/07/23 Price Changed $1,850 0.0% $0 / Sq Ft
12/07/2023 12/07/23 Price Changed $950,000 -20.8% $156 / Sq Ft
11/09/2023 11/09/23 For Sale $1,200,000 +59900.0% $197 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
09/29/2023 09/29/23 For Rent $2,000 0.0% --
06/07/2023 06/07/23 For Sale $1,200,000 -- $197 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ayon Codner

    Seller's Agent in 2024

    Ayon Codner

    Keller Williams Allentown

    (210) 816-2966

    4 in this area

    48 Total Sales

    Section Image

  • D

    Seller Co-Listing Agent in 2024

    Daniel Vialet

    Keller Williams Allentown

    (610) 435-1800

    2 in this area

    7 Total Sales

    Section Image
  • Jeniffer Benner

    Buyer's Agent in 2024

    Jeniffer Benner

    KW Empower

    (484) 221-1556

    1 in this area

    230 Total Sales

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 718619

Greater Lehigh Valley REALTORS®

Pennsylvania Lehigh County Allentown 18101 Center City

148 S 7th St, Allentown, PA

This home is located at 148 S 7th St, Allentown, PA 18101 since 07 June 2023. This property was built in 1960. 148 S 7th St is a home located in Lehigh County with nearby schools including Jefferson Elementary School, South Mountain Middle School, and William Allen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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