Two-Unit Duplex
229 Main Street Bethlehem, PA 18017
New
229 Main Street, Bethlehem, PA, 18017
$289,000
For Sale
$289,000
MULTI_FAMILY - Freemansburg Boro, PA
Property Size2,362 SF
Lot Size0.06 Acres
Price / SF$122.35
Days on Market3
Property Features for 229 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 12R44
- Parking features
- Garage
- Standard status
- Active
- APN
- P7NW2B-10-5-0212
- Size
- 2,362 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3243
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas, Electric (Heating), Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- AluminumSiding
Listing Agency
BHHS Regency Real Estate
(610) 432-5252
811 N 19th Street, Allentown, PA
Listed by
Brandon J. Carrigan
(610) 393-0892
Added: Jul 16 Checked: Jul 18 at 1:06 am
MLS# 780545
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.
Investment Insights
Based on property information with market context.
This two-unit duplex investment property includes two separate residential units. Each unit features a living room, a spacious kitchen, and two bedrooms and one bathroom, providing a functional, repeatable layout.
The property is located at 229 Main Street in Freemansburg Boro, Pennsylvania (Northampton County). The offering is described as an opportunity for either tenant occupancy or owner occupancy depending on how the units are used.
As presented, the current rents are below market value, and the home can be considered for income growth after a new owner takes over the building.
The property is located at 229 Main Street in Freemansburg Boro, Pennsylvania (Northampton County). The offering is described as an opportunity for either tenant occupancy or owner occupancy depending on how the units are used.
As presented, the current rents are below market value, and the home can be considered for income growth after a new owner takes over the building.
Key Highlights
- Two‑unit duplex investment property in historic Freemansburg Borough
- Each unit includes a living room, spacious kitchen, 2 bedrooms, and 1 bathroom
- Year built 1900 with aluminum siding
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.4k | $10.32 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $22.6k | $9.56 |
| − OpEx | −$6.8k | −$2.87 |
| NOI | $15.8k | $6.69 |
2,362 SF · lease $10.32/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.7K
$197.5K – $263.3K
NOI $15,799 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$197.1K
$172.5K – $230.0K
NOI $13,798 @ 7.0% cap · market cap 4.77%
Theoretical Best
Mixed Use
$347.3K
$303.9K – $405.2K
NOI $24,314 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex offers two-bed, one-bath layouts in each unit with a living room and spacious kitchen.
Where is this duplex located?
The property is located at 229 Main Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑unit duplex investment property in historic Freemansburg Borough; Each unit includes a living room, spacious kitchen, 2 bedrooms, and 1 bathroom; Year built 1900 with aluminum siding
