Two-Unit Mixed-Use
For Sale
$379,900
306 E Broad Street, Bethlehem, PA 18018
ResidentialIncome, Bethlehem City, PA
Property Size2,068 SF
Lot Size0.07 Acres
Price / SF$183.70
Days on Market134
Property Features for 306 E Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
04CG
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking
3
Subdivision
Not in Development
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
From Interstate 78, take Exit 67 for PA-412 toward Bethlehem and follow 3rd/4th Street north toward downtown. Turn right onto E Broad Street-306 E Broad Street will be on your right in North Bethlehem.
Standard status
Active
APN
P6NE1C 18 2 0204
Size
2,068 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4755
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
VinylSiding
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Akinlana Popoola · License #RS379206
(610) 735-6082
Added: Apr 30
Changed: Sep 5
Last Checked: Sep 10 at 10:06AM
MLS# 776026
Copyright © 2026 Greater Lehigh Valley 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 2,068-square-foot mixed-use duplex, built in 1900, includes a street-level commercial unit and a second-floor apartment with two bedrooms and one bathroom. The residential space has been refreshed with new paint, carpet, a stove, refrigerator, vanity, countertops, and ceiling lighting. Both units are currently leased, and the commercial occupant has operated at the property since 1990.
Located at 306 E Broad Street in Bethlehem City, the property is served by public water and public sewer. Additional physical features include vinyl siding, baseboard heat, and window-unit cooling. The property is situated on 0.066 acres and carries zoning designation 04CG.
Located at 306 E Broad Street in Bethlehem City, the property is served by public water and public sewer. Additional physical features include vinyl siding, baseboard heat, and window-unit cooling. The property is situated on 0.066 acres and carries zoning designation 04CG.
Key Highlights
- Fully leased two‑unit mixed‑use property
- 2,068 square feet on 0.066 acres
- Street‑level commercial unit with upper‑floor 2‑bedroom, 1‑bath apartment
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
$21,287
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
5.60%
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%
$425,740
$425.7K
Cap Rate 7%
$304,100
$304.1K
Cap Rate 9%
$236,522
$236.5K
Market Conditions
NOI Build-Up for 2,068 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
$37.2K $18.00/SF
− Vacancy
−$3.2K −$1.53/SF
EGI
$34.1K $16.47/SF
− OpEx
−$12.8K −$6.18/SF
NOI
$21.3K $10.29/SF
Area
Lehigh County, PA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$425,740
Cap Rate 7%
$304,100
Cap Rate 9%
$236,522
Alternative Uses
Best Use
Mixed Use
$304.1K
$266.1K – $354.8K
NOI $21,287 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$201.3K
$176.2K – $234.9K
NOI $14,094 @ 7.0% cap · market cap 3.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,959
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased property pairs an updated upper-floor apartment with a street-level commercial space in North Bethlehem.
Where is this duplex located?
The property is located at 306 E Broad Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Fully leased two‑unit mixed‑use property; 2,068 square feet on 0.066 acres; Street‑level commercial unit with upper‑floor 2‑bedroom, 1‑bath apartment
