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    Two-Unit Corner Duplex Investment Title is generated by Realmo AI

    746 Center Street, Bethlehem, PA 18018

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    For Sale
    $499,900

    MULTI_FAMILY - Bethlehem City, PA

    Type:Apartment
    Property size:
    2,048 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $244/SF
    Added:
    Apr 12, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 746 Center Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    04RM
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    7
    Parking features
    Garage
    Interior features
    Balcony
    Standard status
    Active
    APN
    P6NE1B 20 12 0204
    Size
    2,048 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4812

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Brick

    We can help!

    Listing Contact
    Jesse S. Moyer

    Listing agent Jesse S. Moyer

    Listing office IronValley RE of Lehigh Valley 216 Nazareth Pike Unit B3, Allentown, PA

    Listing date Apr 12, 2026

    MLS# 774891 Listing URL

    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.

    HighLights

    • Fully occupied corner detached 2‑unit property in North Bethlehem
    • 3‑car garage plus additional off‑street parking and a private backyard
    • Approx. 10‑year‑old roof
    • First‑floor unit: 2 bedrooms, tall ceilings, original pocket doors, living room, kitchen, first‑floor laundry, covered side porch
    • Second‑floor unit: 2/3 bedrooms, living room, full bath, private balcony, full walk‑up attic storage
    • Tenants pay their own gas and electric; public water and public sewer

    Overview

    This fully occupied, corner detached 2-unit property offers a strong income-producing layout with practical storage and outdoor space. The home includes a 3-car garage, additional off-street parking, and a private backyard. A roof approximately 10 years old supports the overall value of the property. Each unit handles its own gas and electric utilities, helping simplify operating expenses. The first-floor unit features two bedrooms, tall ceilings, original pocket doors, a living room and kitchen, first-floor laundry, basement storage access, and a covered side porch. The second-floor unit includes two to three bedrooms, a living room and full bath, a private balcony, and full walk-up attic storage with potential for finishing into additional bedrooms.

    The property is located in desirable North Bethlehem near shopping, dining, and major routes. As a corner detached configuration, it also benefits from a straightforward exterior presence and convenient parking.

    With both units currently occupied and a certificate of occupancy provided at sale, this is well suited for investors seeking a turn-key, multi-unit purchase with clear compliance. The attic storage potential may also appeal to buyers looking for future flexibility while maintaining an established rental setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.374807
    Latitude
    40.624844

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    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex with private outdoor space, garage parking, and separated utility responsibility for each tenant.
    Where is this duplex located?
    The property is located at 746 Center Street Bethlehem, PA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Fully occupied corner detached 2‑unit property in North Bethlehem; 3‑car garage plus additional off‑street parking and a private backyard; Approx. 10‑year‑old roof
    (484) 241-1011
    We can help!
    Listing Contact
    Jesse S. Moyer
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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