Brick Duplex with Attached
For Sale
$259,000
Pending
111 E GARRISON STREET, Bethlehem, PA 18018
SINGLE_FAMILY - BETHLEHEM, PA
Property Size1,609 SF
Days on Market65
Property Features for 111 E GARRISON STREET
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 3, Bedroom 2
Subdivision
NOT A SUBDIVISION
Standard status
Pending
Size
1,609 SF
Amenities
hardwood flooring, woodwork and wainscoting
updated stainless steel appliances
gas heat
sunroom
fenced backyard and patio
Building Details
Year built
1900
Listing Agency:
BHHS Fox & Roach Center Valley · Berkshire Hathaway HomeServices
(610) 282-4444
Listed By:
Rebecca L. Decker Francis
(484) 280-6212
Added: Jun 11
Changed: Aug 2
Last Checked: Aug 14 at 9:06PM
MLS# PANH2010098
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick twin duplex offers original character with modern updates, including 9-foot ceilings and hardwood flooring, along with woodwork and wainscoting on the primary floor. The home features an updated kitchen with stainless steel appliances and efficient gas heat. With three bedrooms plus a bonus office or nursery space, there’s flexibility for a variety of household needs. An attached sunroom on the first floor expands everyday living space and can serve as a playroom or home office, while the fenced backyard and patio provide outdoor space for entertaining.
Built in 1900, the property is located in Bethlehem’s Northside area, described as just moments from the Historic Bethlehem core. The home is positioned for an easy walk to downtown Bethlehem’s shops, dining, and summer festivals, including Musikfest.
With over 1600 square feet of layout space, this duplex is designed to balance classic details with practical upgrades, while keeping an easy-access lifestyle in mind.
Built in 1900, the property is located in Bethlehem’s Northside area, described as just moments from the Historic Bethlehem core. The home is positioned for an easy walk to downtown Bethlehem’s shops, dining, and summer festivals, including Musikfest.
With over 1600 square feet of layout space, this duplex is designed to balance classic details with practical upgrades, while keeping an easy-access lifestyle in mind.
Key Highlights
- Brick twin duplex with original woodwork and wainscoting
- Over 1600 square feet of living space
- Three bedrooms plus bonus office or nursery space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,240
$215.2K
Cap Rate 7%
$153,743
$153.7K
Cap Rate 9%
$119,578
$119.6K
Market Conditions
NOI Build-Up for 1,609 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.6K $10.32/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$15.4K $9.56/SF
− OpEx
−$4.6K −$2.87/SF
NOI
$10.8K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,240
Cap Rate 7%
$153,743
Cap Rate 9%
$119,578
Alternative Uses
Best Use
Multifamily LT 5
$153.7K
$134.5K – $179.4K
NOI $10,762 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$134.3K
$117.5K – $156.7K
NOI $9,399 @ 7.0% cap · market cap 3.63%
Theoretical Best
Mixed Use
$236.6K
$207.0K – $276.1K
NOI $16,563 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 18018, PA
32,388
Population
14,669
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,228
Density / Sq Mi
$71,968
Median Household Income
$43,471
Median Earnings
$1,261
Median Rent
$224,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick twin duplex with 9-foot ceilings, hardwood floors, updated kitchen appliances, and an attached sunroom plus fenced backyard and patio.
Where is this duplex located?
The property is located at 111 E GARRISON STREET Bethlehem, PA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Brick twin duplex with original woodwork and wainscoting; Over 1600 square feet of living space; Three bedrooms plus bonus office or nursery space
