Fully Occupied Four-Unit
431 Cherokee St, Bethlehem, PA 18015
Four-unit building with immediate income and rent growth potential.
Type:Multifamily
Property size:
3,089 SFPrice / SF:
$226/SF- Added:
- Feb 24, 2026
- Days on Market:
- 80
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 431 Cherokee St
General Information
- Standard status
- Active
- Size
- 3,089 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agent James Reardon License #PA RS337438
Listing office eXp Commercial
Listing date Feb 24, 2026
Source Crexi
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HighLights
- Fully occupied four‑unit property generating $68,400 gross income and $56,881 net income, providing immediate and stable cash flow.
- Exceptional location near major employers and healthcare institutions, including St. Luke’s Hospital, ensuring high tenant demand and occupancy stability.
- Strong unit mix: three 2‑bedroom apartments and one 3‑bedroom apartment, supported by consistent rental demand.
- Clear rent upside potential, allowing for improved performance through strategic rent adjustments.
- Additional income potential from a large two‑car garage.
- Tenants responsible for utilities, limiting landlord expenses to taxes, insurance, and water/sewer/trash.
Overview
This fully occupied four-unit building generates $68,400 in gross income and $56,881 in net income. The property features a unit mix of three 2-bedroom apartments and one 3-bedroom apartment. All units are currently leased, providing immediate and stable cash flow. The apartments are large in size. Rents present clear upside potential. Tenants are responsible for their utilities, while landlord expenses are limited to taxes, insurance, and water/sewer/trash. A new fire escape has recently been installed. Additional income potential is supported by a large two-car garage. The property is situated in an exceptional location near major employers and healthcare institutions, including St. Luke’s Hospital. The property size is 3089 square feet. This asset is suited for investors seeking predictable cash flow with upside in a high-demand rental corridor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Bethlehem
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.386811
- Latitude
- 40.609825
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit building with immediate income and rent growth potential.
Where is this quadplex located?
The property is located at 431 Cherokee St Bethlehem, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fully occupied four‑unit property generating $68,400 gross income and $56,881 net income, providing immediate and stable cash flow.; Exceptional location near major employers and healthcare institutions, including St. Luke’s Hospital, ensuring high tenant demand and occupancy stability.; Strong unit mix: three 2‑bedroom apartments and one 3‑bedroom apartment, supported by consistent rental demand.
