Two-Building Multifamily Income
502 Ontario Street Bethlehem, PA 18015
For Sale
$1,500,000
COMMERCIAL - Bethlehem, PA
Property Size4,750 SF
Lot Size0.42 Acres
Price / SF$315.79
Days on Market47
Property Features for 502 Ontario Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Fencing
Chain Link
Basement
Unfinished, Full
Standard status
Active
APN
4762-10-2845-3671
Size
4,750 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 18 /Lot: 1
Tax Annual Amount
6403
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
4
Flooring type
Laminate, Vinyl
Building materials
Brick, Vinyl Siding
Roof type
Asphalt
Listing Agency:
Weichert Realtors - Easton
(610) 252-6666
Listed By:
Robert A. Hoops
(610) 252-6666
Added: Jun 12
Changed: Jul 7
Last Checked: Jul 28 at 8:06AM
MLS# PM-142157
Copyright © 2026 Pocono Mountains Association of 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.
This for-sale multifamily property includes two buildings and a large lot totaling 0.42 acres. The 6-unit building contains three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, and the property notes that the units have seen recent updates with minimal work needed. The 2-unit building is currently owner occupied and has been slightly modified to create easier access between the units, with the option to return it to its original configuration.
The 2-unit building’s first-floor updates are described as already in place, while returning it to the original layout would result in one 2-bedroom/1-bath unit and one 1-bedroom/1-bath unit, per the listing remarks. The property also offers ample parking and open space for tenant activities. Location is described as convenient to St. Luke’s, SteelStacks, public transportation, eateries, and major travel routes.
With 8 total rentable units, the listing provides a seller projection that NOI at full occupancy could exceed $100,000, reflecting a projected 7% cap rate. For tenants and operators, the appeal is straightforward: a manageable unit count across two buildings, an existing updated component in the 6-unit structure, and a second building that may be adaptable depending on how an ownership group wants to configure the units.
The 2-unit building’s first-floor updates are described as already in place, while returning it to the original layout would result in one 2-bedroom/1-bath unit and one 1-bedroom/1-bath unit, per the listing remarks. The property also offers ample parking and open space for tenant activities. Location is described as convenient to St. Luke’s, SteelStacks, public transportation, eateries, and major travel routes.
With 8 total rentable units, the listing provides a seller projection that NOI at full occupancy could exceed $100,000, reflecting a projected 7% cap rate. For tenants and operators, the appeal is straightforward: a manageable unit count across two buildings, an existing updated component in the 6-unit structure, and a second building that may be adaptable depending on how an ownership group wants to configure the units.
Key Highlights
- Two‑building rental property with 8 total units: a 6‑unit building plus a 2‑unit building
- 6‑unit building unit mix: 3 two‑bed/1‑bath units and 3 one‑bed/1‑bath units
- 2‑unit building currently configured as 3 bed/2 bath with modifications between units; could be returned to 2 bed/1 bath and 1 bed/1 bath
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate apartment buildings with 8 total units and a large lot provide rental housing with flexible use options.
Where is this apartment building located?
The property is located at 502 Ontario Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two‑building rental property with 8 total units: a 6‑unit building plus a 2‑unit building; 6‑unit building unit mix: 3 two‑bed/1‑bath units and 3 one‑bed/1‑bath units; 2‑unit building currently configured as 3 bed/2 bath with modifications between units; could be returned to 2 bed/1 bath and 1 bed/1 bath
