Two-Unit Mixed-Use
For Sale
$399,000
306 E Broad St, Bethlehem, PA 18018
Street-level commercial space and an updated upstairs apartment are both leased.
Property Size2,068 SF
Price / SF$192.94
Days on Market124
Property Features for 306 E Broad St
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$30,926
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Gross Income
$39,900
Taxes and HOA fees
Annual Taxes
$4,755
Building Details
Tenancy
Multi
Listing Agency:
EXP Realty LLC
(610) 735-6082
Listed By:
Akinlana Popoola · License #RS379206
(610) 735-6082
Source:
Exprealty
Added: Apr 30
Changed: Aug 31
Last Checked: Aug 31 at 1:13AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 2,068-square-foot mixed-use property contains a commercial unit at street level and a two-bedroom, one-bath apartment above it. The residential unit has been refreshed with new paint, carpet, a stove, refrigerator, vanity, countertops, and ceiling lighting. Both spaces are currently leased, including an apartment tenant who began occupancy on February 1, 2026.
Located at 306 E Broad St in North Bethlehem, the property places commercial and residential uses within a single building. Landlord responsibilities are limited to taxes, insurance, and water, sewer, and trash service. The commercial unit is occupied by an established business tenant, while the upper-level apartment provides the property’s residential component.
Located at 306 E Broad St in North Bethlehem, the property places commercial and residential uses within a single building. Landlord responsibilities are limited to taxes, insurance, and water, sewer, and trash service. The commercial unit is occupied by an established business tenant, while the upper-level apartment provides the property’s residential component.
Key Highlights
- 2,068‑square‑foot mixed‑use building at 306 E Broad St, Bethlehem, PA
- Street‑level commercial unit paired with a 2‑bedroom, 1‑bath apartment
- Both units are fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,287
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,740
$425.7K
Cap Rate 7%
$304,100
$304.1K
Cap Rate 9%
$236,522
$236.5K
Market Conditions
NOI Build-Up for 2,068 SF
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.
Gross rent
$37.2K $18.00/SF
− Vacancy
−$3.2K −$1.53/SF
EGI
$34.1K $16.47/SF
− OpEx
−$12.8K −$6.18/SF
NOI
$21.3K $10.29/SF
Area
Lehigh County, PA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,740
Cap Rate 7%
$304,100
Cap Rate 9%
$236,522
Alternative Uses
Best Use
Mixed Use
$304.1K
$266.1K – $354.8K
NOI $21,287 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$201.3K
$176.2K – $234.9K
NOI $14,094 @ 7.0% cap · market cap 3.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,959
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Hotels & Casinos 42%
Dining 4%
Hyatt Place Bethlehem
Hotels & Casinos
11,699 visits/mo
0.5 miles
7-Eleven
Shops & Services
4,831 visits/mo
0.2 miles
Wells Fargo
Shops & Services
4,052 visits/mo
0.5 miles
Pantry
Shops & Services
3,585 visits/mo
0.2 miles
H&R Block
Shops & Services
2,234 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space and an updated upstairs apartment are both leased.
Where is this mixed-use property located?
The property is located at 306 E Broad St Bethlehem, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,068‑square‑foot mixed‑use building at 306 E Broad St, Bethlehem, PA; Street‑level commercial unit paired with a 2‑bedroom, 1‑bath apartment; Both units are fully leased
