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.
Sold for $950,000 on 04/10/24
$950,000
148 S 7th St, Allentown, PA 18101
--beds
--baths
6,102sqft
Mixed Use, Multi Family
Built in 1960
-- sqft lot
$1,028,500 Zestimate®
$156/sqft
$1,555 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 10, 2024 at 02:22pm
Listed by:
Ayon A. Codner,
Keller Williams Allentown,
Daniel D. Vialet 610-435-1800,
Keller Williams Allentown
Bought with:
Jen Benner, RS337797
KW Philly
Source: GLVR,MLS#: 718619
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Heating
- Electric, Forced Air
Cooling
- Central Air
Interior area
- Total interior livable area: 6,102 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved, Parking Lot
Lot
- Size: 7,100 sqft
Details
- Parcel number: 640619345197001
- Zoning: B-2-CENTRAL BUSINESS
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use, Multi Family
Materials
- Brick
Condition
- Unknown
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,028,500
2% more+ $20,570
With Zillow Showcase(estimated)
$1,049,070