Two-Unit Duplex with Detached
New
For Sale
$315,000
722 Cherokee Street, Bethlehem, PA 18015
MULTI_FAMILY - Bethlehem City, PA
Property Size2,560 SF
Price / SF$123.05
Days on Market2
Property Features for 722 Cherokee Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 2
Subdivision
Not in Development
Standard status
Active
Size
2,560 SF
Building Details
Year built
1900
Listing Agency:
BHHS Fox & Roach Bethlehem · Berkshire Hathaway HomeServices
(610) 865-0033
Listed By:
Kori Andralis-Erceg
(610) 533-6758
Added: Jul 31
Last Checked: Aug 1 at 1:06PM
MLS# 781487
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 two-unit duplex includes a detached 1-car garage and offers separate living arrangements across the first and second floor apartments. The property totals 2,560 square feet and was built in 1900.
Recent improvements include chimney repairs and electrical upgrades, including separate house meters. The first floor apartment features a new dishwasher, microwave, and countertops in the kitchen, along with a new washer, dryer, and hot water heater in the basement. The second floor apartment has new HVAC and new flooring.
The rents shown are based on the most recent tenants. The property is located near St. Luke’s Hospital. Buyer will be responsible for municipal inspection repairs, with the exception of providing the clear pest report and a letter from a structural engineer, which the seller will provide.
Recent improvements include chimney repairs and electrical upgrades, including separate house meters. The first floor apartment features a new dishwasher, microwave, and countertops in the kitchen, along with a new washer, dryer, and hot water heater in the basement. The second floor apartment has new HVAC and new flooring.
The rents shown are based on the most recent tenants. The property is located near St. Luke’s Hospital. Buyer will be responsible for municipal inspection repairs, with the exception of providing the clear pest report and a letter from a structural engineer, which the seller will provide.
Key Highlights
- Detached 1‑car garage with a two‑unit duplex layout
- 2,560 square feet and built in 1900
- Chimney repairs plus electrical upgrades including separate house meters
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $10.32 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $24.5k | $9.56 |
| − OpEx | −$7.3k | −$2.87 |
| NOI | $17.1k | $6.69 |
2,560 SF · lease $10.32/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.6K
$214.0K – $285.4K
NOI $17,123 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$213.6K
$186.9K – $249.3K
NOI $14,955 @ 7.0% cap · market cap 4.75%
Theoretical Best
Mixed Use
$376.5K
$329.4K – $439.2K
NOI $26,352 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 18015, PA
33,286
Population
12,867
Households
2.6
Avg Household Size
32
Median Age
31%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
1,435
Density / Sq Mi
$58,470
Median Household Income
$32,703
Median Earnings
$1,310
Median Rent
$243,100
Median Home Value
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 - Two-unit Bethlehem duplex with detached 1-car garage and multiple recent updates, including separate house meters.
Where is this duplex located?
The property is located at 722 Cherokee Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Detached 1‑car garage with a two‑unit duplex layout; 2,560 square feet and built in 1900; Chimney repairs plus electrical upgrades including separate house meters
