Two-Unit Duplex with Updated First-Floor
For Sale
$359,000
Pending
406 Linden Street, Bethlehem, PA 18018
Separate gas and electric heat serve the two apartments, which share a backyard.
Property Size2,060 SF
Days on Market75
Property Features for 406 Linden Street
General Information
Standard status
Pending
Size
2,060 SF
Property subtype
Residential Income / Duplex
Zoning
Rt
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Gross Income
$30,000
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,782
Amenities
washer/dryer
shared backyard
Yes
No
2.0
2
3.0
3
1.0
Building Details
Year Built
1900
Buildings
1
Listing Agency:
The Collective Real Estate Agency
Listed By:
Jane Hartin · License #RS152573A
(570) 242-8298
Source:
Compass
Added: Aug 18
Changed: Oct 27
Last Checked: Oct 30 at 5:48PM
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 The Collective Real Estate Agency
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Investment Insights
Based on property information with market context.
This 2,060-square-foot duplex contains two fully rented apartments. The first-floor unit has one bedroom, an updated bath, high ceilings, an updated kitchen, and updated flooring, plus basement access with a washer and dryer. The second-floor apartment has three bedrooms and one bath. Each unit has separate gas and electric heat, and residents share a backyard.
Improvements in recent years include sewer-pipe work, a porch upgrade, and a remodel of the first-floor unit. Tenants pay utilities and handle yard care and winter shoveling; the landlord pays for trash. The property is zoned Rt and was built in 1900.
Improvements in recent years include sewer-pipe work, a porch upgrade, and a remodel of the first-floor unit. Tenants pay utilities and handle yard care and winter shoveling; the landlord pays for trash. The property is zoned Rt and was built in 1900.
Key Highlights
- Two fully rented apartments
- 2,060 square feet; built in 1900
- First‑floor unit: 1 bedroom, updated bath, high ceilings, updated kitchen and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,779
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,580
$275.6K
Cap Rate 7%
$196,843
$196.8K
Cap Rate 9%
$153,100
$153.1K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$21.3K $10.32/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$19.7K $9.56/SF
− OpEx
−$5.9K −$2.87/SF
NOI
$13.8K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,580
Cap Rate 7%
$196,843
Cap Rate 9%
$153,100
Alternative Uses
Best Use
Multifamily LT 5
$196.8K
$172.2K – $229.7K
NOI $13,779 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$171.9K
$150.4K – $200.6K
NOI $12,034 @ 7.0% cap · market cap 3.35%
Theoretical Best
Mixed Use
$302.9K
$265.1K – $353.4K
NOI $21,205 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,386
Businesses Nearby
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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
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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?
Duplex - Separate gas and electric heat serve the two apartments, which share a backyard.
Where is this duplex located?
The property is located at 406 Linden Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two fully rented apartments; 2,060 square feet; built in 1900; First‑floor unit: 1 bedroom, updated bath, high ceilings, updated kitchen and flooring
