Brick Mixed-Use
For Sale
$599,900
431 W Union Boulevard, Bethlehem, PA 18018
ResidentialIncome, Bethlehem City, PA
Property Size4,082 SF
Lot Size0.29 Acres
Price / SF$146.96
Days on Market309
Property Features for 431 W Union Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Rt-Residential
Parking
12
Subdivision
Not in Development
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
Corner of Union Blvd and 4th Ave
Standard status
Active
APN
642739721641 001
Size
4,082 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
7623
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Wall Unit(s)
Water source
Public
Building Details
Year built
1910
Number of units
5
Building materials
Brick
Listing Agency:
Century 21 Ramos Realty · Century 21 Real Estate
(610) 866-4423
Listed By:
Anthony Ramos · License #AB068035
(484) 695-4887
Added: Jan 2
Changed: Sep 28
Last Checked: Nov 6 at 12:06PM
MLS# 769868
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.
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Investment Insights
Based on property information with market context.
Located at 431 W Union Boulevard in Bethlehem City, this 4,082-square-foot mixed-use property is an under-construction redevelopment opportunity within an existing 1910 brick building. The main level provides a broad open area, while the second floor contains multiple rooms and bathrooms. A rear parking area, detached storage building, garage, and sizable side lot are also part of the property.
The 0.286-acre site is zoned Rt-Residential and served by public water and public sewer. Natural gas heating is installed, with cooling provided by central air and wall units. The detached accessory improvements include water and electric service, adding functional support to the building and site configuration.
The 0.286-acre site is zoned Rt-Residential and served by public water and public sewer. Natural gas heating is installed, with cooling provided by central air and wall units. The detached accessory improvements include water and electric service, adding functional support to the building and site configuration.
Key Highlights
- 4,082‑square‑foot mixed‑use building on a 0.286‑acre site
- 1910 brick construction with the property currently under construction
- Main level includes a large open area for commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,019
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,380
$840.4K
Cap Rate 7%
$600,271
$600.3K
Cap Rate 9%
$466,878
$466.9K
Market Conditions
NOI Build-Up for 4,082 SF
Gross rent
$73.5K $18.00/SF
− Vacancy
−$6.2K −$1.53/SF
EGI
$67.2K $16.47/SF
− OpEx
−$25.2K −$6.18/SF
NOI
$42.0K $10.29/SF
Area
Lehigh County, PA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,380
Cap Rate 7%
$600,271
Cap Rate 9%
$466,878
Alternative Uses
Best Use
Mixed Use
$600.3K
$525.2K – $700.3K
NOI $42,019 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$340.7K
$298.1K – $397.4K
NOI $23,846 @ 7.0% cap · market cap 3.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
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
$224,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Lehigh County, PA
Properties on Market for Mixed-use properties in Lehigh County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Under-construction property with commercial space, upper-level rooms, parking, and accessory storage improvements.
Where is this mixed-use property located?
The property is located at 431 W Union Boulevard Bethlehem, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 4,082‑square‑foot mixed‑use building on a 0.286‑acre site; 1910 brick construction with the property currently under construction; Main level includes a large open area for commercial use
