Brick Residential Income
For Sale
$599,900
431 W Union Boulevard, Bethlehem, PA 18018
COMMERCIAL - Bethlehem City, PA
Property Size4,082 SF
Lot Size0.29 Acres
Price / SF$146.96
Days on Market216
Property Features for 431 W Union Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street, On Street
Directions
Corner of Union Blvd and 4th Ave
Subdivision
Bethlehem-West
Standard status
Active
APN
642739721641 001
Size
4,082 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
7623
Utilities
Heating system
Natural Gas
Cooling system
Wall Unit(s), Central Air
Building Details
Year built
1910
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: Aug 5
Last Checked: Aug 6 at 7:06AM
MLS# 769870
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.
Investment Insights
Based on property information with market context.
Brick commercial-to-residential income building totaling 4,082 square feet on a 0.286-acre lot in North Bethlehem. Built in 1910, the property has been designed with a main level featuring a spacious open area and an upper level layout with multiple rooms and bathrooms. Cooling includes wall unit(s) and central air, and heating is provided by natural gas.
The site includes rear off-street parking plus on-street parking, along with a detached storage building and a garage that has water and electric. There is also a large side lot.
The building is currently under construction, and the stated development concept includes commercial space on the first floor, three one-bedroom apartments on the second floor, and a loft-style apartment on the third floor.
The site includes rear off-street parking plus on-street parking, along with a detached storage building and a garage that has water and electric. There is also a large side lot.
The building is currently under construction, and the stated development concept includes commercial space on the first floor, three one-bedroom apartments on the second floor, and a loft-style apartment on the third floor.
Key Highlights
- 4,082 sq ft brick building on a 0.286‑acre lot
- Built in 1910 with natural gas heat
- Main level open area for commercial use
Financial Insights For Office B
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 | $43.1k | $10.56 |
| − Vacancy | −$3.4k | −$0.82 |
| EGI | $39.7k | $9.74 |
| − OpEx | −$9.9k | −$2.43 |
| NOI | $29.8k | $7.30 |
4,082 SF · lease $10.56/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$425.8K
$372.6K – $496.8K
NOI $29,808 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$340.7K
$298.1K – $397.4K
NOI $23,846 @ 7.0% cap · market cap 3.97%
Theoretical Best
Mixed Use
$600.3K
$525.2K – $700.3K
NOI $42,019 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Brick mixed-use building offers a spacious open main level, multi-room second floor, and rear parking with detached storage and garage.
Where is this residential income 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 sq ft brick building on a 0.286‑acre lot; Built in 1910 with natural gas heat; Main level open area for commercial use
