Student Housing
302 W 8TH Street Bethlehem, PA 18015
New
302 W 8TH Street, Bethlehem, PA, 18015
$1,400,000
For Sale
$1,400,000
MULTI_FAMILY - Colonial - BETHLEHEM, PA
Property Size7,832 SF
Lot Size0.26 Acres
Price / SF$178.75
Days on Market1
Property Features for 302 W 8TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking features
- Assigned, Driveway, Off Street
- Interior features
- Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Kitchen - Efficiency, Kitchen - Island, Bathroom - Tub Shower, Window Treatments
- Appliances
- ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, Microwave, Oven - Single, Dryer - Electric, ENERGY STAR Refrigerator, Range Hood, Stove, Water Heater - High-Efficiency
- Standard status
- Active
- Size
- 7,832 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16868
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1997
- Number of units
- 4
- Building materials
- Vinyl Siding, Aluminum Siding
- Architectural style
- Colonial
Listing Agency
Hawkins Real Estate Company
(240) 793-2485
26034 Ridge Manor Drive, Damascus, PA
Listed by
Joseph E Hawkins · License #SBR006339
(240) 793-2485
Added: Jul 16 Checked: Jul 16 at 3:06 pm
MLS# PANH2010304
Listing URL
Copyright © 2026 Bright MLS. 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.
The property is a student housing complex comprised of four identical townhomes. Each unit includes five bedrooms, two full baths and one half bath, along with a common living and dining area, kitchen, laundry room, and storage. Additional features include wide hallways and staircases, open-concept common space, rear decks, and oversized closets in the bedrooms. Off-street parking is provided, and the building was built in 1997.
The complex is 100% occupied and is located across the street from Lehigh University.
Recent improvements noted include a new roof, painting completed in all units within the last two years, and gas heat with central air conditioning (replaced within the last five years). The current gross rental income is stated as $156,000 per year, with net income stated as $132,033 per year.
The complex is 100% occupied and is located across the street from Lehigh University.
Recent improvements noted include a new roof, painting completed in all units within the last two years, and gas heat with central air conditioning (replaced within the last five years). The current gross rental income is stated as $156,000 per year, with net income stated as $132,033 per year.
Key Highlights
- Lehigh University student housing complex with 4 identical townhomes, each 1,958 SF
- Each townhome offers 5 bedrooms, 2 full baths and 1 half bath, with common living and dining area
- Efficient kitchens with ENERGY STAR appliances, including dishwasher, refrigerator, washer, dryer, microwave, oven and range hood
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 | $80.8k | $10.32 |
| − Vacancy | −$6.0k | −$0.76 |
| EGI | $74.8k | $9.56 |
| − OpEx | −$22.5k | −$2.87 |
| NOI | $52.4k | $6.69 |
7,832 SF · lease $10.32/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$748.4K
$654.8K – $873.1K
NOI $52,386 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$653.6K
$571.9K – $762.6K
NOI $45,753 @ 7.0% cap · market cap 3.27%
Theoretical Best
Mixed Use
$1.15M
$1.01M – $1.34M
NOI $80,621 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four identical townhomes total four units with off-street parking, rear decks, and gas heat plus central air.
Where is this quadplex located?
The property is located at 302 W 8TH Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Lehigh University student housing complex with 4 identical townhomes, each 1,958 SF; Each townhome offers 5 bedrooms, 2 full baths and 1 half bath, with common living and dining area; Efficient kitchens with ENERGY STAR appliances, including dishwasher, refrigerator, washer, dryer, microwave, oven and range hood
