Mixed-Use Building with
New
For Sale
$395,000
512 E 4th Street, Bethlehem, PA 18015
ResidentialIncome, Bethlehem City, PA
Property Size2,984 SF
Lot Size0.08 Acres
Price / SF$132.37
Days on Market2
Property Features for 512 E 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Cg-General Commercial
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4
Parking
2
Subdivision
Not in Development
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
East on 4th St, property between Fillmore and Pierce
Standard status
Active
APN
P6SE1B-25-4-0204
Size
2,984 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4727
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Hot Water(Heating), Steam
Cooling system
Central Air
Water source
Public
Amenities
rear off-street parking
Building Details
Year built
1916
Floors in Building
3
Number of units
3
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: Aug 31
Last Checked: Sep 1 at 3:06PM
MLS# 783488
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.
This 2,984-square-foot mixed-use building dates to 1916 and is constructed of brick. The first floor includes a commercial storefront with large display windows, while a separate entrance serves the second and third floors. Renovation work has begun, but the property requires full rehabilitation and is offered in its current condition. Existing building systems include central air and forced-air, hot-water, and steam heating. Public water and public sewer serve the property.
The 0.08-acre site includes rear off-street parking and is located at 512 E 4th Street in Bethlehem City, Pennsylvania. The building is zoned Cg-General Commercial. Its prior history includes use as the home of Sing Out! folk music magazine. Any proposed residential configuration, unit count, renovation scope, or other use remains subject to City of Bethlehem zoning, permitting, and required approvals.
The 0.08-acre site includes rear off-street parking and is located at 512 E 4th Street in Bethlehem City, Pennsylvania. The building is zoned Cg-General Commercial. Its prior history includes use as the home of Sing Out! folk music magazine. Any proposed residential configuration, unit count, renovation scope, or other use remains subject to City of Bethlehem zoning, permitting, and required approvals.
Key Highlights
- 2,984‑square‑foot mixed‑use building on a 0.08‑acre site
- First‑floor storefront with large display windows
- Separate entrance serving 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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick building with separate upper-floor access, rear off-street parking, and Cg-General Commercial zoning.
Where is this mixed-use property located?
The property is located at 512 E 4th Street 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 building on a 0.08‑acre site; First‑floor storefront with large display windows; Separate entrance serving the second and third floors
