Great investment opportunity! This property has a 13% cap rate and the owner currently grosses 26k per year. The building has 3 units. The 1st unit is a 1 bedroom efficiency and rents for $400/month. The 2nd unit consists of 3 bedrooms, living room, kitchen, full bathroom and it rents for $800/month. The 3rd unit consists of 5 bedrooms, kitchen, large living room, full bathroom and it rents for $900/month. Tenants pay all utilities, owner pays water. This property also has a 2 car garage that rents for $140/month. Close to highways and shopping. Don't miss out!!
Sold for $370,000
$370,000
848-850 N 7th St, Allentown, PA 18102
9beds
3,506sqft
MultiFamily
Built in 1890
-- sqft lot
$490,000 Zestimate®
$106/sqft
$1,665 Estimated rent
Home value
$490,000
$451,000 - $529,000
$1,665/mo
Zestimate® history
Owner options
List your home for rent
$1,665/mo
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$1,665/mo
Rent Zestimate®
Refinance and save
$2,441/mo
Est. payment
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$2,441/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Carpet, Hardwood
Interior area
- Total interior livable area: 3,506 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Detached
Features
- Exterior features: Brick
Lot
- Size: 3,057 Square Feet
Details
- Parcel number: 5497942809251
Construction
Type & style
- Home type: MultiFamily
Materials
- brick
Condition
- Year built: 1890
Community & HOA
Location
- Region: Allentown
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $122,100
- Annual tax amount: $6,644
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2025 | Sold | $370,000+176.1%$106/sqft |
Source: Public Record Report a problem | ||
| 12/29/2015 | Sold | $134,000-7.6%$38/sqft |
Source: | ||
| 9/17/2015 | Price change | $145,000-3.3%$41/sqft |
Source: DLP Realty #6573979 Report a problem | ||
| 5/15/2015 | Listed for sale | $150,000$43/sqft |
Source: DLP Realty #494464 Report a problem | ||
| 6/28/2005 | Sold | $150,000+500%$43/sqft |
Source: Public Record Report a problem | ||
| 3/5/2003 | Sold | $25,000-77.3%$7/sqft |
Source: Public Record Report a problem | ||
| 10/8/1998 | Sold | $110,000+363.1%$31/sqft |
Source: Public Record Report a problem | ||
| 8/27/1998 | Sold | $23,751$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,644 | $122,100 |
| 2024 | $6,644 | $122,100 |
| 2023 | $6,644 | $122,100 |
| 2022 | $6,644 +3.4% | $122,100 |
| 2021 | $6,428 +1.5% | $122,100 |
| 2020 | $6,330 +11279.2% | $122,100 |
| 2019 | $56 +1.6% | $122,100 |
| 2018 | $55 | $122,100 |
| 2017 | -- | $122,100 |
| 2016 | -- | $122,100 |
| 2015 | -- | $122,100 |
| 2014 | -- | $122,100 +135% |
| 2012 | -- | $51,950 |
| 2011 | -- | $51,950 |
| 2010 | -- | $51,950 |
| 2009 | -- | $51,950 |
| 2008 | -- | $51,950 |
| 2007 | -- | $51,950 |
| 2006 | -- | $51,950 |
| 2005 | -- | $51,950 |
| 2004 | -- | $51,950 |
| 2003 | -- | $51,950 |
Find assessor info on the county website
Neighborhood: 8th Ward
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Nearby schools
GreatSchools rating
- 4/10Washington Elementary SchoolGrades: 1-5Distance: 0.2 mi
- 2/10Trexler Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10William Allen High SchoolGrades: 9-12Distance: 1.4 mi
Get a cash offer in 3 minutes
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Estimated market value
$490,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$490,000
- Pennsylvania
- Lehigh County
- Allentown
- 18102
- 8th Ward
- 848-850 N 7th St