Two-Unit Duplex with Updated
For Sale
$359,000
Pending
406 Linden Street, Bethlehem, PA 18018
Residential Income, Bethlehem, PA
Property Size2,060 SF
Lot Size0.03 Acres
Days on Market61
Property Features for 406 Linden Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Rt
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Basement
Full, Unfinished
Elementary school district
Bethlehem Area
Middle school district
Bethlehem Area
High school district
Bethlehem Area
Subdivision
Bethlehem City
Standard status
Pending
APN
4762-08-7190-9121
Size
2,060 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 6 /Lot: 11A /School District: 09-Catasauqua Area /Fuel Type: Unknown/None
Tax Annual Amount
3782
Legal Description
Block: 6 /Lot: 11A /School District: 09-Catasauqua Area /Fuel Type: Unknown/None
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Varies by Unit (Heating), Natural Gas
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
The Collective Real Estate Agency
(570) 424-0926
Listed By:
Jane Hartin · License #RS152573A
(570) 242-8298
Added: Aug 18
Changed: Oct 8
Last Checked: Oct 17 at 6:06AM
MLS# PM-144004
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,060-square-foot duplex contains two rented apartments: a first-floor one-bedroom, one-bath unit and a second-floor three-bedroom, one-bath unit. The lower apartment features an updated kitchen, updated bathroom, high ceilings, and refreshed flooring, with basement access that includes a washer and dryer. Separate gas and electric heat serve the units, and tenants share a backyard. The property was built in 1900 and has Rt zoning.
The building is in Bethlehem, one block from Marketplace and within walking distance of the downtown district. The property is also described as accessible to major thoroughfares, Moravian College, Lehigh University, and local dining and entertainment. Recent work includes some replacement sewer piping, porch improvements, and renovation of the first-floor apartment. Public sewer serves the property.
The building is in Bethlehem, one block from Marketplace and within walking distance of the downtown district. The property is also described as accessible to major thoroughfares, Moravian College, Lehigh University, and local dining and entertainment. Recent work includes some replacement sewer piping, porch improvements, and renovation of the first-floor apartment. Public sewer serves the property.
Key Highlights
- Two rented apartments: one‑bedroom/one‑bath and three‑bedroom/one‑bath layouts
- 2,060 square feet on a 0.03‑acre lot
- First‑floor unit has an updated kitchen and bathroom, high ceilings, and basement laundry
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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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 - A fully leased residential property pairs separate gas and electric heat with shared outdoor space.
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 rented apartments: one‑bedroom/one‑bath and three‑bedroom/one‑bath layouts; 2,060 square feet on a 0.03‑acre lot; First‑floor unit has an updated kitchen and bathroom, high ceilings, and basement laundry
