Mixed-Use Building with
New
For Sale
$1,400,000
528 Main Street, Bethlehem, PA 18018
Four updated studio apartments share the property with a long-term commercial tenant and separately metered electric.
Property Size4,335 SF
Days on Market5
Property Features for 528 Main Street
General Information
Standard status
Active
Size
4,335 SF
Property subtype
Retail
Units
Unit Mix
4 x studio
Multifamily Units
4
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,601
Amenities
private off street parking
courtyard
Building Details
Building Size
4,335 SF
Buildings
1
Listing Agency:
Main St. Real Estate Group
Listed By:
Lucy H. Lennon
(610) 533-1231
Source:
Bhhspaulfordrealtors
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 11:36PM
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 Main St. Real Estate Group
Investment Insights
Based on property information with market context.
At 528 Main Street in Bethlehem, this mixed-use property combines four updated studio apartments with a commercial space occupied by a long-term tenant. Electric service is separately metered for the residential units.
Private off-street parking and a courtyard are also part of the property.
Private off-street parking and a courtyard are also part of the property.
Key Highlights
- Four updated studio apartments
- Commercial space has a long‑term tenant
- Electric is separately metered for the residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,623
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,460
$892.5K
Cap Rate 7%
$637,471
$637.5K
Cap Rate 9%
$495,811
$495.8K
Market Conditions
NOI Build-Up for 4,335 SF
Gross rent
$78.0K $18.00/SF
− Vacancy
−$6.6K −$1.53/SF
EGI
$71.4K $16.47/SF
− OpEx
−$26.8K −$6.18/SF
NOI
$44.6K $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 Rate 5%
$892,460
Cap Rate 7%
$637,471
Cap Rate 9%
$495,811
Alternative Uses
Best Use
Mixed Use
$637.5K
$557.8K – $743.7K
NOI $44,623 @ 7.0% cap · market cap 3.19%
Second Best
Retail
$422.1K
$369.3K – $492.4K
NOI $29,545 @ 7.0% cap · market cap 2.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,098
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four updated studio apartments share the property with a long-term commercial tenant and separately metered electric.
Where is this mixed-use property located?
The property is located at 528 Main Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four updated studio apartments; Commercial space has a long‑term tenant; Electric is separately metered for the residential units
