Two-Unit Duplex with In-Unit
For Sale
$325,000
231 W Goepp St, Bethlehem, PA 18018
Each apartment has its own stackable washer and dryer, with independent gas heating for the two units.
Property Size2,064 SF
Price / SF$157.46
Days on Market10
Property Features for 231 W Goepp St
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,538
Amenities
in-unit stackable washers and dryers
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Hearthside
(610) 465-5600
Listed By:
Rennard D. Clayton · License #RS311964
(610) 737-8416
Source:
Exprealty
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
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 Coldwell Banker Hearthside
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Investment Insights
Based on property information with market context.
This 2,064-square-foot duplex contains two apartments and has undergone remodeling. The first-floor residence has one bedroom and one full bathroom and is occupied. Upstairs, the second apartment provides two bedrooms and one full bathroom. Both units have stackable washers and dryers, and each is served by a separate gas furnace.
The property is near downtown Bethlehem, with shopping, dining, and major routes in the surrounding area.
The property is near downtown Bethlehem, with shopping, dining, and major routes in the surrounding area.
Key Highlights
- 2,064‑square‑foot duplex with two apartments
- First‑floor unit has 1 bedroom, 1 full bath, and an existing occupant
- Second‑floor apartment includes 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,805
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,100
$276.1K
Cap Rate 7%
$197,214
$197.2K
Cap Rate 9%
$153,389
$153.4K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$21.3K $10.32/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$19.7K $9.56/SF
− OpEx
−$5.9K −$2.87/SF
NOI
$13.8K $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%
$276,100
Cap Rate 7%
$197,214
Cap Rate 9%
$153,389
Alternative Uses
Best Use
Multifamily LT 5
$197.2K
$172.6K – $230.1K
NOI $13,805 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$172.2K
$150.7K – $201.0K
NOI $12,057 @ 7.0% cap · market cap 3.71%
Theoretical Best
Mixed Use
$303.5K
$265.6K – $354.1K
NOI $21,246 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has its own stackable washer and dryer, with independent gas heating for the two units.
Where is this duplex located?
The property is located at 231 W Goepp St Bethlehem, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,064‑square‑foot duplex with two apartments; First‑floor unit has 1 bedroom, 1 full bath, and an existing occupant; Second‑floor apartment includes 2 bedrooms and 1 full bath
