Duplex with Detached
New
For Sale
$264,900
Pending
119 Clearfield Street, Bethlehem, PA 18017
The vacant three-bedroom residence is paired with an occupied two-bedroom apartment above the garage.
Property Size1,825 SF
Days on Market6
Property Features for 119 Clearfield Street
General Information
Standard status
Pending
Size
1,825 SF
Property subtype
Residential Income
Zoning
12R44
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,870
Amenities
true
2
5
Assessor
Public
7200
0.165
Detached,Garage
Building Details
Year Built
1900
Stories
2
Listing Agency:
BHHS Fox & Roach - Allentown
(610) 890-9942
Listed By:
Andrew Dilg
Source:
Corbyrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 4 at 6:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach - Allentown
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential property combines a three-bedroom main home with a two-bedroom apartment over a detached garage. The main residence has a full bathroom, living room, eat-in kitchen, front sunroom, and a first-floor bedroom. It is vacant and offered in as-is condition. The apartment is occupied under a month-to-month lease.
The property contains 1,825 square feet and sits on a 0.165-acre lot. Built in 1900, it is zoned 12R44.
The property contains 1,825 square feet and sits on a 0.165-acre lot. Built in 1900, it is zoned 12R44.
Key Highlights
- Three‑bedroom main residence with a first‑floor bedroom
- Two‑bedroom apartment above a detached garage
- Main residence is vacant; apartment has a month‑to‑month tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,065
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,300
$241.3K
Cap Rate 7%
$172,357
$172.4K
Cap Rate 9%
$134,056
$134.1K
Market Conditions
NOI Build-Up for 1,825 SF
Gross rent
$18.6K $10.20/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$17.2K $9.44/SF
− OpEx
−$5.2K −$2.83/SF
NOI
$12.1K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,300
Cap Rate 7%
$172,357
Cap Rate 9%
$134,056
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.8K – $201.1K
NOI $12,065 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$158.6K
$138.8K – $185.1K
NOI $11,105 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$346.1K
$302.9K – $403.8K
NOI $24,230 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 18017, PA
39,663
Population
16,773
Households
2.4
Avg Household Size
46
Median Age
40%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,361
Density / Sq Mi
$88,946
Median Household Income
$45,618
Median Earnings
$1,535
Median Rent
$310,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The vacant three-bedroom residence is paired with an occupied two-bedroom apartment above the garage.
Where is this duplex located?
The property is located at 119 Clearfield Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Three‑bedroom main residence with a first‑floor bedroom; Two‑bedroom apartment above a detached garage; Main residence is vacant; apartment has a month‑to‑month tenant
