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8-Unit Apartment Property
New
For Sale
$1,500,000

502 Ontario St, Bethlehem, PA 18015

Two buildings offer updated units, month-to-month leases, parking, and open space on a large lot.

Property Size4,750 SF
Price / SF$315.79
Days on Market4

Property Features for 502 Ontario St

General Information

Standard status Active
Size 4,750 SF
Property subtype Multi-Family

Additional Details

Public Transit Yes
Multifamily Units 8

Building Details

Year Built 1900
Buildings 2
Listing Agency: Weichert Realtors
Listed By: Bob Hoops
Source: Jennysoldmine
Added: Sep 18 Changed: Sep 20 Last Checked: Sep 20 at 12:14PM

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 Weichert Realtors

Investment Insights

Based on property information with market context.

This 4,750-square-foot apartment property comprises two buildings and 8 units. The primary building contains 6 apartments, including 3 two-bedroom, one-bath units and 3 one-bedroom, one-bath units; most have received recent updates. Those apartments are leased month to month. The second building is currently occupied by the owner and configured as a 3-bedroom, 2-bath residence. Its original layout can be restored to create a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit, with updates already completed on the first floor.

The property includes a large lot with parking and outdoor space for tenant activities. A sizable basement may accommodate on-site laundry and storage improvements. The Bethlehem location offers proximity to St. Luke’s, SteelStacks, public transportation, eateries, and major travel routes.

Key Highlights

  • 8 units across 2 buildings
  • 6‑unit building includes 3‑2bed/1bath and 3‑1bed/1bath units
  • Second building is currently a 3 bed/2 bath owner‑occupied residence

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Auto Parts Store Travel Agency Catering Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

2,006
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings offer updated units, month-to-month leases, parking, and open space on a large lot.
Where is this apartment building located?
The property is located at 502 Ontario St Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8 units across 2 buildings; 6‑unit building includes 3‑2bed/1bath and 3‑1bed/1bath units; Second building is currently a 3 bed/2 bath owner‑occupied residence
More about this property
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