Side-by-Side
New
For Sale
$340,000
217 West Fairview Street 217 & 219, Bethlehem, PA 18018
One residence is vacant and recently remodeled; the adjoining unit has been occupied by a long-term tenant since 2012.
Property Size2,280 SF
Days on Market7
Property Features for 217 West Fairview Street 217 & 219
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,641
Building Details
Building Size
2,280 SF
Year Built
1900
Listing Agency:
Weichert Realtors
Listed By:
Charly Ribau
(610) 905-9235
Source:
Bhhspaulfordrealtors
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 21 at 6:51AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached duplex contains two side-by-side residences conveyed under one deed. The vacant unit has one bedroom with a walkthrough nursery and has undergone recent remodeling, including kitchen and bathroom updates. The other residence has had a tenant since 2012. Improvements also include a new roof and two gas heating systems. The property was built in 1900 and includes a City Certificate of Occupancy.
The building occupies a corner lot within walking distance of downtown Bethlehem restaurants, shops, and local Christmas City attractions.
The building occupies a corner lot within walking distance of downtown Bethlehem restaurants, shops, and local Christmas City attractions.
Key Highlights
- Detached, side‑by‑side duplex with 2 residences on one deed
- Vacant unit has 1 bedroom and a walkthrough nursery
- Tenant in the adjoining residence since 2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,250
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,000
$305.0K
Cap Rate 7%
$217,857
$217.9K
Cap Rate 9%
$169,444
$169.4K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$23.5K $10.32/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$21.8K $9.56/SF
− OpEx
−$6.5K −$2.87/SF
NOI
$15.3K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,000
Cap Rate 7%
$217,857
Cap Rate 9%
$169,444
Alternative Uses
Best Use
Multifamily LT 5
$217.9K
$190.6K – $254.2K
NOI $15,250 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$190.3K
$166.5K – $222.0K
NOI $13,319 @ 7.0% cap · market cap 3.92%
Theoretical Best
Mixed Use
$335.3K
$293.4K – $391.2K
NOI $23,470 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 18018, PA
32,388
Population
14,669
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,228
Density / Sq Mi
$71,968
Median Household Income
$43,471
Median Earnings
$1,261
Median Rent
$224,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant and recently remodeled; the adjoining unit has been occupied by a long-term tenant since 2012.
Where is this duplex located?
The property is located at 217 West Fairview Street 217 & 219 Bethlehem, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Detached, side‑by‑side duplex with 2 residences on one deed; Vacant unit has 1 bedroom and a walkthrough nursery; Tenant in the adjoining residence since 2012
