Updated Two-Unit
For Sale
$474,900
1901 Willow Park Road, Bethlehem, PA 18020
ResidentialIncome, Bethlehem City, PA
Property Size2,318 SF
Lot Size0.33 Acres
Price / SF$204.87
Days on Market53
Property Features for 1901 Willow Park Road
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
05MDR
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
Parking
3
Parking features
Off Street
Subdivision
Not in Development
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
From Route 22, take the PA-33 South exit toward Bethlehem and continue to the William Penn Highway exit. Follow William Penn Highway to Willow Park Road-1901 Willow Park Road will be on your right.
Standard status
Active
APN
N7NW3-42-14-0205
Size
2,318 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
4255
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Cooling system
Wall Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Building materials
Brick
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Akinlana Popoola · License #RS379206
(610) 735-6082
Added: Aug 26
Changed: Sep 14
Last Checked: Oct 17 at 6:06PM
MLS# 780698
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.
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Investment Insights
Based on property information with market context.
This 2,318-square-foot brick duplex contains two spacious two-bedroom apartments. Both units are described as being in good condition, while Apartment 1 has received new flooring, fresh paint, a renovated kitchen, and quartz countertops. A new natural-gas boiler serves the property, and each unit uses window or wall-mounted cooling. The building includes two garages and off-street parking on a 0.328-acre parcel.
The property is located in Bethlehem City near Routes 22 and 33 and I-78, with access to St. Luke's Anderson Campus, Northampton Community College, shopping, dining, and daily services. Public water and public sewer serve the property. Zoning is 05MDR, and the structure was built in 1940.
The property is located in Bethlehem City near Routes 22 and 33 and I-78, with access to St. Luke's Anderson Campus, Northampton Community College, shopping, dining, and daily services. Public water and public sewer serve the property. Zoning is 05MDR, and the structure was built in 1940.
Key Highlights
- Two‑unit duplex with two large 2‑bedroom apartments
- 2,318 square feet on a 0.328‑acre parcel
- 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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with renovated interiors, separate garages, and public water and sewer service.
Where is this duplex located?
The property is located at 1901 Willow Park Road 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‑unit duplex with two large 2‑bedroom apartments; 2,318 square feet on a 0.328‑acre parcel; Apartment 1 features updated floors, fresh paint, a renovated kitchen, and quartz countertops
