520 N 7th St, Allentown, PA, 18102
About This Home
Mixed-use 3-unit property in the heart of Center City Allentown, offering strong income and future upside. The building includes a commercial space on the first floor and two 1-bedroom apartments on the upper levels. Fully occupied and currently generating approximately $3,750 per month, with potential to increase to $4,200+ as rents are brought to market. Both residential leases are short term, providing flexibility for rent adjustments or repositioning. Located along busy North 7th Street, the property offers excellent visibility and steady foot traffic, surrounded by restaurants, shops, and local businesses. Just minutes from the PPL Center, Hamilton Street corridor, and major transportation routes. Seller is motivated—agents are encouraged to bring all offers.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Unknown
- Year built: 1890
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Apartment
Interior
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: Central Air,Wall Unit(s)
Property
Details
- Parcel number: 549793901854001
- Zoning: B1/R
- Special condition: None
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,300 | $27,600 |
| Home Insurance * | $252 | $3,024 |
| Property Taxes | $538 | $6,456 |
| Electricity | $224 | $2,692 |
| Total | $3,314 | $39,768 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-15 | Price change | $474,999 |
| 2025-10-31 | Listed for sale | $495,000 |
| 2003-04-01 | Sold | $25,500 |
| 1999-05-12 | Sold | $105,000 |
| 1998-05-08 | Sold | $94,000 |
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