Mixed-Use Investment Property in
For Sale
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306 East Broad Street, Bethlehem, PA 18018
Fully occupied two-unit property with commercial and residential income.
Property Size2,068 SF
Price / SF$192.94
Days on Market213
Property Features for 306 East Broad Street
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Multifamily, Mixed Use
Zoning
04CG
Investment Type
Value Add
Net Operating Income
$30,926
Building Details
Year Built
1900
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
EXP Realty
Listed By:
Akinlana Popoola · License #RS379206
(216) 820-1637
Source:
Crexi
Added: Mar 27
Changed: Oct 14
Last Checked: Oct 24 at 6:03PM
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
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Investment Insights
Based on property information with market context.
This fully occupied mixed-use two-unit investment property generates $39,900 in gross income and $30,926 in net income. It features a street-level commercial unit occupied by a long-term business tenant and a 2-bedroom, 1-bath residential apartment on the upper floor. The residential unit was recently updated with new paint, carpet, stove, refrigerator, vanity, countertops, and ceiling lighting, and is currently leased with a tenant who moved in February 1, 2026. The commercial space is occupied by an established business. Landlord responsibilities are limited to taxes, insurance, and water/sewer/trash. Situated in a core Lehigh Valley location in North Bethlehem, the property benefits from strong tenant demand, proximity to local amenities, and long-term rental stability. The property size is 2068 square feet.
Key Highlights
- Generates $39,900 gross income and $30,926 net income.
- Fully occupied with long‑term commercial tenant and leased residential unit, providing immediate cash flow.
- Prime North Bethlehem location with strong tenant demand and rental stability.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,287
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
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
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 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
Multifamily LT 5
$197.6K
$172.9K – $230.5K
NOI $13,832 @ 7.0% cap · market cap 3.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,959
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied two-unit property with commercial and residential income.
Where is this mixed-use property located?
The property is located at 306 East Broad Street 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: Generates $39,900 gross income and $30,926 net income.; Fully occupied with long‑term commercial tenant and leased residential unit, providing immediate cash flow.; Prime North Bethlehem location with strong tenant demand and rental stability.
