Mixed-Use Property in Bethlehem
331 Broadway, Bethlehem, PA 18015
New
MULTI_FAMILY - Bethlehem City, PA
Type:Apartment
Property size:
1,457 SFLot size:
0.03 AcresPrice / SF:
$205/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 2:06 pm
Property Features for 331 Broadway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- 04CG
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1
- Parking
- 2
- Parking features
- On Street
- Standard status
- Active
- APN
- P6SW2B 12 7 0204
- Size
- 1,457 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1840
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1840
- Number of units
- 2
- Building materials
- Brick
Listing agent Akinlana Popoola (412) 925-5551
Listing office EXP Realty LLC 168 W Ridge Pike, Unit 101, pittsburgh, PA (888) 397-7352
Listing date May 29, 2026
MLS# 777964
Listing URL
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Generates $30,011 in gross income and $22,725 in net income.
- Two occupied, income‑producing units: a commercial space (barbershop) and a 2‑bedroom, 1‑bath residential apartment.
- Lease expirations in 2026 provide defined near‑term rollover.
- Commercial tenant pays all of its utilities.
- Limited landlord responsibilities: taxes, insurance, water/sewer/trash, and heat for the residential unit only.
- Located in a walkable, demand‑supported location (South Bethlehem submarket).
Overview
This two-unit mixed-use property generates $30,011 in gross income and $22,725 in net income. The 1,457 square foot asset includes a street-level commercial space occupied by a barbershop and a second/third-floor residential apartment featuring two bedrooms and one bathroom. Lease expirations in 2026 provide defined near-term rollover. The current income is supported by documented leasing activity within the building and the surrounding South Bethlehem submarket. The commercial tenant is responsible for all utility costs. Landlord responsibilities are limited to taxes, insurance, water/sewer/trash, and heat for the residential unit only. Situated on a 0.028-acre lot, this property is zoned 04CG. This asset offers stable in-place income with upside driven by lease renewals and is well suited for investors seeking a mixed-use property with predictable operations, defined rollover, and income growth potential in a walkable, demand-supported location.
Local Financial Insights For Mixed Use
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 | $26.2k | $18.00 |
| − Vacancy | −$2.2k | −$1.53 |
| EGI | $24.0k | $16.47 |
| − OpEx | −$9.0k | −$6.18 |
| NOI | $15.0k | $10.29 |
1,457 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$214.3K
$187.5K – $250.0K
NOI $14,998 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$141.9K
$124.1K – $165.5K
NOI $9,930 @ 7.0% cap · market cap 3.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shepherd Boy Barbershop
Barber Shop
Source Code Fashions
Clothing & Fashion Store
Location Insight
- Map
- Local Demand
- City
- Bethlehem
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.299838
- Latitude
- 40.607941
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-unit mixed-use property with stable income and growth potential.
Where is this mixed-use property located?
The property is located at 331 Broadway Bethlehem, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Generates $30,011 in gross income and $22,725 in net income.; Two occupied, income‑producing units: a commercial space (barbershop) and a 2‑bedroom, 1‑bath residential apartment.; Lease expirations in 2026 provide defined near‑term rollover.
