Mixed-Use Building with
For Sale
$395,000
512 E 4th St, Bethlehem, PA 18015
Three-level property with a commercial storefront, large display windows, separate upper-floor access, and rear off-street parking.
Property Size2,984 SF
Price / SF$132.37
Days on Market20
Property Features for 512 E 4th St
General Information
Standard status
Active
Size
2,984 SF
Property subtype
Multi-Family
Building Details
Year Built
1916
Listing Agency:
Century 21 Ramos Realty
Listed By:
Anthony Ramos · License #AB068035
(610) 866-4423
Source:
Poconohomessearch
Added: Aug 23
Changed: Sep 10
Last Checked: Sep 10 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Ramos Realty
Investment Insights
Based on property information with market context.
Built in 1916, this 2,984-square-foot mixed-use property includes a first-floor commercial storefront with large display windows. A separate entrance serves the second and third floors, creating a distinct upper-level component within the building. Renovation work has begun, but the property requires full rehabilitation and is being sold in its current condition.
Rear off-street parking is included. The building previously housed Sing Out! folk music magazine and is identified as historically significant in the property information. Potential residential configurations and any changes to the storefront remain subject to City of Bethlehem zoning, permitting, and other required approvals.
Rear off-street parking is included. The building previously housed Sing Out! folk music magazine and is identified as historically significant in the property information. Potential residential configurations and any changes to the storefront remain subject to City of Bethlehem zoning, permitting, and other required approvals.
Key Highlights
- 2,984‑square‑foot mixed‑use property built in 1916
- First‑floor storefront with large display windows
- Separate entrance to the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,717
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,340
$614.3K
Cap Rate 7%
$438,814
$438.8K
Cap Rate 9%
$341,300
$341.3K
Market Conditions
NOI Build-Up for 2,984 SF
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.
Gross rent
$53.7K $18.00/SF
− Vacancy
−$4.6K −$1.53/SF
EGI
$49.1K $16.47/SF
− OpEx
−$18.4K −$6.18/SF
NOI
$30.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,340
Cap Rate 7%
$438,814
Cap Rate 9%
$341,300
Alternative Uses
Best Use
Mixed Use
$438.8K
$384.0K – $512.0K
NOI $30,717 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$290.5K
$254.2K – $339.0K
NOI $20,337 @ 7.0% cap · market cap 5.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 33%
Groceries 25%
Electronics 1%
C-Town Supermarkets
Groceries
14,014 visits/mo
0.2 miles
Starbucks
Dining
12,511 visits/mo
0.1 miles
PNC Bank
Shops & Services
5,505 visits/mo
0.3 miles
Playa Bowls
Dining
4,637 visits/mo
0.2 miles
Color Me Mine
Shops & Services
4,288 visits/mo
0.4 miles
Demographics for 18015, PA
33,286
Population
12,867
Households
2.6
Avg Household Size
32
Median Age
31%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
1,435
Density / Sq Mi
$58,470
Median Household Income
$32,703
Median Earnings
$1,310
Median Rent
$243,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level property with a commercial storefront, large display windows, separate upper-floor access, and rear off-street parking.
Where is this mixed-use property located?
The property is located at 512 E 4th St Bethlehem, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,984‑square‑foot mixed‑use property built in 1916; First‑floor storefront with large display windows; Separate entrance to the second and third floors
