302 W 8TH Street Bethlehem, PA 18015
MULTI_FAMILY - Colonial - BETHLEHEM, PA
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 agent Joseph E Hawkins License #SBR006339 (240) 793-2485
Listing office Hawkins Real Estate Company 26034 Ridge Manor Drive, Damascus, PA (240) 793-2485
Listing date Jul 16, 2026
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 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 |
