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    1512 W Broad Street Bethlehem, PA 18018

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    Claim this Listing
    For Sale
    $999,900

    MULTI_FAMILY - Bethlehem, PA

    Type:Apartment
    Property size:
    6,228 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $160/SF
    Added:
    Sep 1, 2025
    Days on Market:
    250
    Last Refresh:
    May 8 at 2:06 pm

    Property Features for 1512 W Broad Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    CI-Limited Commercial
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 5, Bathroom 1
    Parking
    13
    Parking features
    Garage
    Interior features
    Balcony, Fireplace, HandicapAccess, Intercom
    Fireplace
    1
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    641798741661 001
    Size
    6,228 SF
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10582

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil, Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    4
    Number of units
    13
    Flooring type
    Hardwood, Carpet
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Eldin Kalic
    Eldin Kalic

    Listing agent Eldin Kalic License #RS334479

    Listing office Home Team Real Estate 52 Highland Ave, Ste B, Bethlehem, PA

    Listing date Sep 1, 2025

    MLS# 763910 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

    • Newly approved variance for a 13‑bed group home, suitable for Veteran housing or childcare center
    • Flexible zoning allows for diverse uses, including apartments, co‑living suites, offices, or studios
    • Rare 12‑car private parking lot plus a 2‑car garage
    • Unique architectural features, including a soaring vaulted ceiling and elegant fireplace room
    • Handicap accessible with accessible approach and ramp
    • Located in Bethlehem with a rich history as Miss Jeanne's Dance Studio

    Overview

    Versatile Bethlehem Property with Development Potential

    This multi-level property in Bethlehem, PA, offers versatile possibilities due to its flexible zoning and unique architectural features. Previously a dance studio, the property presents opportunities for various ventures. A newly approved variance allows for a 13-bed group home, suitable for Veteran housing or a childcare center. Alternative concepts include co-living suites or conversion into four modern apartment units. The vaulted hall could be repurposed into a yoga sanctuary, fitness center, or martial arts academy. The building could also accommodate offices for a law firm, finance or insurance group, medical practice, wellness clinic, or nonprofit headquarters. The property includes a vaulted ceiling, an elegant fireplace room, and multiple levels. A 12-car private lot and a 2-car garage provide parking. Situated on a 0.267-acre lot, the building encompasses 6,228 square feet. The property's CI-Limited Commercial zoning enhances its adaptability for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Changing Lives Center ... Advocacy Group

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Tiny Hands, Tiny Toes Learning Center LLC — 623 W Union Blvd Suite 9, Bethlehem, PA 18018
    • Bethlehem Early Learners, LLC — 623 6th Ave, Bethlehem, PA 18018
    • Little Explorer's Child Care — 625 7th Ave, Bethlehem, PA 18018
    • Head Start Rosemont Lutheran — 1705 W Broad St, Bethlehem, PA 18018

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.403772
    Latitude
    40.623003

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    FAQs

    What type of property is this?
    Day care center - Multi-level property with flexible zoning and approved variance for development.
    Where is this day care center located?
    The property is located at 1512 W Broad Street Bethlehem, PA.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: Newly approved variance for a 13‑bed group home, suitable for Veteran housing or childcare center; Flexible zoning allows for diverse uses, including apartments, co‑living suites, offices, or studios; Rare 12‑car private parking lot plus a 2‑car garage
    (610) 419-8888
    We can help!
    Listing Contact
    Eldin Kalic
    Eldin Kalic
    Real Estate License ID: RS334479
    Learn More
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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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