Bethlehem City Multifamily Investment
735 737 Laufer Street Bethlehem, PA 18015
For Sale
$875,000
MULTI_FAMILY - Bethlehem City, PA
Property Size5,100 SF
Lot Size0.06 Acres
Price / SF$171.57
Days on Market238
Property Features for 735 737 Laufer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Rm-Residential
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 9, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 6, Bedroom 4, Bedroom 5, Bedroom 8, Bathroom 1
- Parking features
- On Street
- Standard status
- Active
- APN
- P6SE2A 28 28A 0204
- Size
- 5,100 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2762
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 6
- Building materials
- Brick
Listing Agency:
Century 21 Ramos Realty
(610) 866-4423
Listed By:
Anthony Ramos · License #AB068035
(610) 866-4423
Added: Dec 1, 2025
Changed: Jul 21
Last Checked: Jul 27 at 5:06AM
MLS# 768540
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.
Located in South Bethlehem, this brick investment property at 735-737 Laufer St features six units: three two-bedroom units and three one-bedroom units. The property has a strong rental history with long-term tenants. The building at 735 Laufer St. has electric heat and hot water, while 737 Laufer St. has gas heat and hot water. Most of the units have been updated and are in very good condition. The tenants are mostly on month-to-month leases, offering flexibility for future rent adjustments. The property is conveniently located a half-block from a City of Bethlehem public parking lot at Atlantic & Laufer St. The lot size is 0.057 acres and the property size is 5100 square feet. This property is an excellent investment opportunity with solid income and proven tenancy.
Key Highlights
- Two 6‑unit brick investment properties at 735‑737 Laufer St, South Bethlehem (built in 1920)
- Unit mix: 3 two‑bedroom units and 3 one‑bedroom units
- 735 building: electric heat and electric hot water; 737 building: gas heat and gas hot water
Financial Insights For Apartment 5plus
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 | $58.8k | $11.52 |
| − Vacancy | −$4.6k | −$0.90 |
| EGI | $54.2k | $10.62 |
| − OpEx | −$24.4k | −$4.78 |
| NOI | $29.8k | $5.84 |
5,100 SF · lease $11.52/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$750.0K
$656.2K – $875.0K
NOI $52,498 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Solid 6-unit brick investment property with strong rental history.
Where is this apartment building located?
The property is located at 735 737 Laufer Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two 6‑unit brick investment properties at 735‑737 Laufer St, South Bethlehem (built in 1920); Unit mix: 3 two‑bedroom units and 3 one‑bedroom units; 735 building: electric heat and electric hot water; 737 building: gas heat and gas hot water
