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$624,900
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Property Description
Come see this updated 5-Units property centrally located in the fast-growing Allentown City. This property offering strong CASH FLOW of $69,000/year in gross income with over 9.86% Cap rate. Tenants responsible for all their own utilities, while owner covers only: water/sewer & trash. New Roof installed in 2024, Separate Basement entrance for storage area or refinish in the future, Low Expenses, LOW TAXES and reliable tenants for immediate income and peace of mind. Centrally located near Downtown Allentown and all local attractions. Don't miss out on this great investment opportunity to own a solid Income producing asset in a desirable location in Allentown city. schedule your showing today!
Full Property Details
Full Property Details for 858 N 7th St
General
- Price: $624,900
- Taxes: $3,467
- Status: Active
- Type: Apartment
- Source: Lehigh_Valley
- MLS ID: 756610
- Updated: 11/11/2025
- Added to Site: 262 day(s) ago
Interior
- Interior Features: Balcony
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 7
Additional Information
- Security/Safety: Fire Escape
Parking
- Parking Features: On Street
Location
- Area: Allentown-Central
- County: Lehigh
- Subdivision: Not in Development
- Driving Directions: From I-22 take 7th St towards Allentown. Property on the corner of Greenleaf intersection
School Information
- Elem School District: Allentown
- Midd School District: Allentown
- High School District: Allentown
Community
- Home Owners Assn.: Lehigh Valley MLS
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Square Feet: 2,828
- Living Area: 2,828 Sq. Ft.
Lot Features
- Lot Size (Acres): 0.048
- Lot Size (Sq. Ft.): 2,082
- Lot Size Source: Public Records
- Zoning: R-Mh-Medium High Density
Financial Considerations
- Operating Expenses: $7,342
- Tax Amount: $3,467.65
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 549794199683 001
Listed by Reinvest Real Estate LLC
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Schools
Schools serving 858 N 7th St
School District:Allentown City School District
| Name | Grades | Distance |
|---|---|---|
Washington El School, Allentown, PA 837 North Ninth Street, Allentown, PA 18102 | 1-5 | 0.2 mi |
Trexler Middle School 851 North 15th Street, Allentown, PA 18102 | 6-8 | 0.8 mi |
William Allen High School 106 N 17th St, Allentown, PA 18104 | 9-12 | 1.4 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 858 N 7th St
Date
Details
Price
Change
Source
7/29/2025
Price Reduced
$624,900
-1.59%
MLS
6/18/2025
Price Reduced
$635,000
-1.55%
MLS
6/10/2025
Price Increased
$645,000
0.8%
MLS
5/21/2025
Price Reduced
$639,900
-1.4%
MLS
5/06/2025
Price Reduced
$649,000
-0.14%
MLS
4/30/2025
Listed
$649,900
60.47%
MLS
1/05/2023
Sold
$405,000
—
Public Record
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
Tax History for 858 N 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,468
—
$108,600
—
2024
$3,468
—
$108,600
—
2023
$3,468
-37%
$108,600
—
2022
$5,534
74%
$108,600
—
2019
$3,173
-1%
$108,600
—
2020
$3,189
2%
$108,600
—
2019
$3,136
7%
$108,600
—
2018
$2,936
3%
$108,600
—
2017
$2,860
—
$108,600
—
2016
$2,864
—
$108,600
—
2015
$2,867
-33%
$108,600
—
2014
$4,297
—
$108,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 858 N 7th St
858 N 7th Street, Allentown City, PA 18102 (MLS# 756610) is a Apartment property with 7 bedrooms and 5 full bathrooms. 858 N 7th Street is currently listed for $624,900 and was received on April 30, 2025. Want to learn more about 858 N 7th Street? Do you have questions about finding other Apartment 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.
