2-Unit Duplex with
For Sale
$474,900
1901 Willow Park Rd, Bethlehem, PA 18020
Both two-bedroom residences are occupied, and one has a renovated kitchen with quartz countertops.
Property Size2,318 SF
Price / SF$204.87
Days on Market10
Property Features for 1901 Willow Park Rd
General Information
Standard status
Active
Size
2,318 SF
Property subtype
Multi-Family
Building Details
Year Built
1940
Listing Agency:
EXP Realty LLC
Listed By:
Akinlana Popoola · License #RS379206
(412) 925-5551
Source:
Jennysoldmine
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 5 at 7:55PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two large two-bedroom residences and two garages. Both units are occupied; the first apartment has updated flooring, fresh paint, a renovated kitchen, and quartz countertops. A new gas boiler serves the property.
Tenants pay their own utilities, while the landlord covers water, sewer, and trash. Routes 22 and 33 and I-78 provide regional road access. St. Luke’s Anderson Campus and Northampton Community College are nearby, along with shopping and dining.
Tenants pay their own utilities, while the landlord covers water, sewer, and trash. Routes 22 and 33 and I-78 provide regional road access. St. Luke’s Anderson Campus and Northampton Community College are nearby, along with shopping and dining.
Key Highlights
- Two occupied units, each with 2 bedrooms
- Two garages
- Apartment 1 features updated floors, fresh paint, a renovated kitchen, and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,324
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,480
$306.5K
Cap Rate 7%
$218,914
$218.9K
Cap Rate 9%
$170,267
$170.3K
Market Conditions
NOI Build-Up for 2,318 SF
Gross rent
$23.6K $10.20/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$21.9K $9.44/SF
− OpEx
−$6.6K −$2.83/SF
NOI
$15.3K $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%
$306,480
Cap Rate 7%
$218,914
Cap Rate 9%
$170,267
Alternative Uses
Best Use
Multifamily LT 5
$218.9K
$191.6K – $255.4K
NOI $15,324 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$201.5K
$176.3K – $235.1K
NOI $14,105 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$439.7K
$384.7K – $512.9K
NOI $30,776 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 18020, PA
20,582
Population
7,940
Households
2.6
Avg Household Size
45
Median Age
42%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
1,583
Density / Sq Mi
$122,610
Median Household Income
$53,144
Median Earnings
$1,493
Median Rent
$348,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both two-bedroom residences are occupied, and one has a renovated kitchen with quartz countertops.
Where is this duplex located?
The property is located at 1901 Willow Park Rd Bethlehem, PA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two occupied units, each with 2 bedrooms; Two garages; Apartment 1 features updated floors, fresh paint, a renovated kitchen, and quartz countertops
