134 7th Allentown City, PA 18101
Property details
About 134 7th
Property sold with Clear CO!! Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what’s existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown. This property is a must see!
Highlights
Summary
- MLS Number: 729724
- MLS Name: HIGH
- Office Name: BHHS Regency Real Estate
- Office Phone: (610) 432-5252
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Last updated on: 3/15/2025, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,449,000
134 7th
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Arts Academy Elementary Charter School
Public Charter KG-5
0.1 mi
•601 W Union St
5
Central Elementary School
Public District 1-5
0.5 mi
•829 W Turner St
4
Jefferson Elementary School
Public District PK-5
0.6 mi
•750 Saint John St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,436. Typical income of Allentown City, PA residents is less than $<35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Soccer
Figure Skating
Where do the neighbors shop?
Burlington
Forever 21
Family Dollar
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
Church's Chicken
What do the neighbors drive?
Dodge
Mazda
Cadillac
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
Frequently asked questions
About 134 7th
This home is located at 134 7th in Allentown City, PA and zip code 18101 in the Center City neighborhood. This 12,214 square foot home, which was built in 1900, sits on a 0.15 acre lot. Features: 17 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $2,449,000.
In February 2025, from all listings sold in Allentown City, PA there were more than 31 sold above asking price, over 41 sold below and more than 20 were sold right at the asked price. The inventory of homes for sale in Allentown City, PA between January and February 2025 decreased by 16.3%. In February 2025, listings were on the market for 71 days. During the same period, the median list price in this real estate market was $297,201.