13 15 E 3rd Street Bethlehem, PA 18015
For Sale
$2,250,000
MULTI_FAMILY - Bethlehem City, PA
Property Size17,350 SF
Lot Size0.13 Acres
Price / SF$129.68
Days on Market49
Property Features for 13 15 E 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 04CB
- Standard status
- Active
- APN
- P6SE1A 5 6 0204
- Size
- 17,350 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4681
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
Listing Agency:
RE/MAX Real Estate
(610) 770-9000
Listed By:
Neel Shah
(610) 770-9000 x124
Added: Jun 9
Last Checked: Jul 27 at 4:06AM
MLS# 778699
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.
Key Highlights
- Historic 3‑story building built in 1900 with ~17,350 SF total for mixed‑use commercial and potential residential space.
- Three street‑level entrances serving different portions of the building, providing separate access to multiple floors and areas.
- Two commercial entrances: access to first floor, basement, second floor rear, and outdoor roof deck; delivered as open shell for tenant build‑out.
Financial Insights For Mixed Use
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 | $312.3k | $18.00 |
| − Vacancy | −$26.5k | −$1.53 |
| EGI | $285.8k | $16.47 |
| − OpEx | −$107.2k | −$6.18 |
| NOI | $178.6k | $10.29 |
17,350 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.55M
$2.23M – $2.98M
NOI $178,597 @ 7.0% cap · market cap 7.94%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,248 @ 7.0% cap · market cap 5.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dollar Max
Discount Store
Lehigh Pizza
Restaurant
FAQs
Where is this mixed-use property located?
The property is located at 13 15 E 3rd Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Historic 3‑story building built in 1900 with ~17,350 SF total for mixed‑use commercial and potential residential space.; Three street‑level entrances serving different portions of the building, providing separate access to multiple floors and areas.; Two commercial entrances: access to first floor, basement, second floor rear, and outdoor roof deck; delivered as open shell for tenant build‑out.
