431 W Union Boulevard, Bethlehem, PA 18018
MULTI_FAMILY - Bethlehem City, PA
- Added:
- Jan 2, 2026
- Days on Market:
- 171
- Last Refresh:
- Jun 22 at 3:06 am
Property Features for 431 W Union Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Rt-Residential
- Parking
- 12
- 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
- Wall Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 5
- Building materials
- Brick
Listing agent Anthony Ramos (610) 866-4423
Listing office Century 21 Ramos Realty 230 E 4th Street, Bethlehem, PA (610) 866-4423
Listing date Jan 2, 2026
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.
HighLights
- Over 4,000 sq. ft. commercial property with diverse potential uses and development opportunities.
- Large lot with rear parking and a detached storage building/garage with water and electric.
- Located in North Bethlehem.
- Spacious open area on the main level, suitable for commercial space.
- Plans for commercial space on the first floor and multiple apartments on upper floors.
- Brick construction.
Overview
Located in North Bethlehem on W Union Boulevard, the property includes additional exterior space with a large side lot. The combination of rear parking and separate outbuildings supports day-to-day operations whether the first floor is used for retail or other commercial activity.
For buyers and developers seeking a live-and-work configuration, the building’s layout supports a phased, mixed-use approach: commercial space on the first floor with apartment units on the upper levels, per the current development concept. With multiple rooms and bathrooms already planned for the upper floors and dedicated parking and storage on-site, the property offers a practical foundation for a cohesive redevelopment plan within the Rt-Residential zoning designation.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.5k | $18.00 |
| − Vacancy | −$6.2k | −$1.53 |
| EGI | $67.2k | $16.47 |
| − OpEx | −$25.2k | −$6.18 |
| NOI | $42.0k | $10.29 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bethlehem
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.389272
- Latitude
- 40.624879
