10-Bedroom Student
For Sale
$825,000
413 Buchanan St, Bethlehem, PA 18015
Two separate residences each provide five bedrooms, a full kitchen, and an additional kitchenette area.
Property Size4,770 SF
Price / SF$172.96
Days on Market9
Property Features for 413 Buchanan St
General Information
Standard status
Active
Size
4,770 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 5BR/3BA
Multifamily Units
2
Additional Details
Gross Income
$80,000
Taxes and HOA fees
Annual Taxes
$3,248
Amenities
updated kitchens
granite countertops
tile backsplashes
stainless steel appliances
additional kitchenette areas
updated bathrooms
engineered hardwood flooring
laundry areas
front and rear stairway access
central air
Listing Agency:
Century 21 Ramos Realty
(610) 866-4423
Listed By:
Anthony Ramos · License #AB068035
(484) 695-4887
Source:
Exprealty
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 16 at 10:32AM
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 Century 21 Ramos Realty
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Investment Insights
Based on property information with market context.
This two-unit residential property contains 4,770 square feet and is configured with 10 bedrooms and 6 full bathrooms. Each residence has five bedrooms, three bathrooms, a kitchen, and a separate kitchenette area. Interior features include updated kitchens with granite countertops, tile backsplashes, and stainless steel appliances, along with updated bathrooms and engineered hardwood flooring. Central air, laundry areas, and front and rear stairway access serve the property.
The building is on Buchanan Street in Bethlehem, near Lehigh University, Historic South Bethlehem, restaurants, shopping, and downtown attractions. The property is occupied and generates approximately 80K per year in rental income. An income and expense statement is available for review.
The building is on Buchanan Street in Bethlehem, near Lehigh University, Historic South Bethlehem, restaurants, shopping, and downtown attractions. The property is occupied and generates approximately 80K per year in rental income. An income and expense statement is available for review.
Key Highlights
- Two residential units with 10 bedrooms and 6 full bathrooms
- Each unit has five bedrooms, three bathrooms, a kitchen, and a separate kitchenette
- 4,770 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,534
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,680
$630.7K
Cap Rate 7%
$450,486
$450.5K
Cap Rate 9%
$350,378
$350.4K
Market Conditions
NOI Build-Up for 4,770 SF
Gross rent
$48.7K $10.20/SF
− Vacancy
−$3.6K −$0.76/SF
EGI
$45.0K $9.44/SF
− OpEx
−$13.5K −$2.83/SF
NOI
$31.5K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,680
Cap Rate 7%
$450,486
Cap Rate 9%
$350,378
Alternative Uses
Best Use
Multifamily LT 5
$450.5K
$394.2K – $525.6K
NOI $31,534 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$414.7K
$362.8K – $483.8K
NOI $29,026 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$904.7K
$791.6K – $1.06M
NOI $63,330 @ 7.0% cap · market cap 7.68%
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
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 18015, PA
33,286
Population
12,867
Households
2.6
Avg Household Size
32
Median Age
31%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
1,435
Density / Sq Mi
$58,470
Median Household Income
$32,703
Median Earnings
$1,310
Median Rent
$243,100
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 - Two separate residences each provide five bedrooms, a full kitchen, and an additional kitchenette area.
Where is this duplex located?
The property is located at 413 Buchanan St Bethlehem, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two residential units with 10 bedrooms and 6 full bathrooms; Each unit has five bedrooms, three bathrooms, a kitchen, and a separate kitchenette; 4,770 square feet
