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$474,999

  • For Sale
  • Active
  • Multi-Family
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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 $3,500 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.

Full Property Details for 520 N 7th St

General

  • Price: $474,999
  • HOA FEE: $1,000
  • Taxes: $2,801
  • Status: Active
  • Type: Multi-Family
  • Source: Lehigh_Valley
  • MLS ID: 767155
  • Updated: 12/15/2025
  • Added to Site: 80 day(s) ago

Location

  • Area: Allentown-Central
  • County: Lehigh
  • Subdivision: Old Allentn Historic
  • Driving Directions: From Route 22, take the 7th Street exit and head south toward downtown Allentown. Continue straight for about two miles—520 N 7th Street will be on your right, near Liberty Street and close to the PPL Center area.

School Information

  • Elem School District: Allentown
  • Midd School District: Allentown
  • High School District: Allentown

Community

  • Home Owners Assn.: Lehigh Valley MLS

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Wall Unit(s)
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Stories/Levels: 3
  • Year Built: 1890

Lot Features

  • Zoning: B1/R

Financial Considerations

  • Maint. Fee: $1,000
  • Operating Expenses: $2,500
  • Tax Amount: $2,801.63

Disclosures and Reports

  • Property ID: 549793901854 001

Listed by I-Do Real Estate

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Listing agents

— 520 N 7th St —

  • I-Do Real Estate

  • I-Do Real Estate

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 520 N 7th St

School District:Allentown City School District
NameGradesDistance
Cleveland El School, Allentown, PA
424 North Ninth Street, Allentown, PA 18102
1-50.3 mi
Lincoln Early Chld Center
1402 Walnut Street, Allentown, PA 18102
PK-51 mi
Francis D Raub Middle School
102 South Saint Cloud Street, Allentown, PA 18104
6-81.4 mi
William Allen High School
106 N 17th St, Allentown, PA 18104
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 520 N 7th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/15/2025
Price Reduced
$474,999
-4.04%
MLS
10/31/2025
Listed
$495,000
426.6%
MLS
5/08/1998
Sold
$94,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 520 N 7th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,802
—
$87,400
—
2024
$2,802
—
$87,400
—
2023
$2,802
-37%
$87,400
—
2022
$4,439
73%
$87,400
—
2019
$2,565
—
$87,400
—
2020
$2,577
2%
$87,400
—
2019
$2,535
7%
$87,400
—
2018
$2,371
3%
$87,400
—
2017
$2,310
—
$87,400
—
2016
$2,314
—
$87,400
—
2015
$2,316
-20%
$87,400
19%
2014
$2,896
—
$73,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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Listed by I-Do Real Estate

520 N 7th Street, Allentown City, PA 18102 (MLS# 767155) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 520 N 7th Street is currently listed for $474,999 and was received on October 31, 2025. Want to learn more about 520 N 7th Street? Do you have questions about finding other Multi-Family real estate for sale in Allentown City? You can browse all Allentown City real estate or contact a Coldwell Banker agent to request more information.

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