Mixed-Use Building with
For Sale
$435,000
2116 Coke Works Road, Bethlehem, PA 18015
Multi-level property combines residential apartments, commercial suites, and a detached garage at a prominent corner location.
Property Size5,544 SF
Days on Market52
Property Features for 2116 Coke Works Road
General Information
Standard status
Active
Size
5,544 SF
Total Parking Spaces
2
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,922
Building Details
Building Size
5,544 SF
Year Built
1930
Buildings
1
Listing Agency:
Weichert Realtors
Listed By:
Anna Ames
(610) 762-9331
Source:
Bhhspaulfordrealtors
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 23 at 4:38PM
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
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Investment Insights
Based on property information with market context.
Built in 1930, this multi-level mixed-use property contains six units: three residential apartments and three commercial spaces. All three apartments and one commercial suite are currently rented, while two first-floor commercial spaces remain available. A detached two-car garage is also included.
The property occupies a corner position on Coke Works Road in Bethlehem City, off Route 412 and near Route 78. Its location places the building between South Side Bethlehem and downtown Hellertown, providing access to both residential and commercial areas.
The property occupies a corner position on Coke Works Road in Bethlehem City, off Route 412 and near Route 78. Its location places the building between South Side Bethlehem and downtown Hellertown, providing access to both residential and commercial areas.
Key Highlights
- Six‑unit mixed‑use property with 3 residential apartments and 3 commercial spaces
- All 3 residential apartments and 1 commercial space are currently rented
- Two first‑floor commercial spaces are available for rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,736
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,720
$674.7K
Cap Rate 7%
$481,943
$481.9K
Cap Rate 9%
$374,844
$374.8K
Market Conditions
NOI Build-Up for 5,544 SF
Gross rent
$66.5K $12.00/SF
− Vacancy
−$5.2K −$0.94/SF
EGI
$61.3K $11.06/SF
− OpEx
−$27.6K −$4.98/SF
NOI
$33.7K $6.09/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,720
Cap Rate 7%
$481,943
Cap Rate 9%
$374,844
Alternative Uses
Best Use
Mixed Use
$801.9K
$701.7K – $935.6K
NOI $56,133 @ 7.0% cap · market cap 12.90%
Second Best
Apartment 5plus
$481.9K
$421.7K – $562.3K
NOI $33,736 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$1.05M
$920.1K – $1.23M
NOI $73,607 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-level property combines residential apartments, commercial suites, and a detached garage at a prominent corner location.
Where is this mixed-use property located?
The property is located at 2116 Coke Works Road Bethlehem, PA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Six‑unit mixed‑use property with 3 residential apartments and 3 commercial spaces; All 3 residential apartments and 1 commercial space are currently rented; Two first‑floor commercial spaces are available for rent
