Two-Unit Duplex With Detached
New
For Sale
$444,000
56 E Goepp Street, Bethlehem, PA 18018
MULTI_FAMILY - Bethlehem City, PA
Property Size2,112 SF
Lot Size0.11 Acres
Price / SF$210.23
Days on Market6
Property Features for 56 E Goepp Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
04RT
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1
Parking
4
Parking features
Garage
Patio and Porch features
Patio
Subdivision
Not in Development
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
From downtown Bethlehem, travel West on Broad St, turn Left onto New St, turn Right onto E Goepp St. Home will be on the right.
Standard status
Active
APN
P6NE1A-11-14-0204
Size
2,112 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4184
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
VinylSiding
Listing Agency:
Home Team Real Estate
(610) 419-8888
Listed By:
Terrilynn Zukawski
(610) 216-4595
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 22 at 6:06PM
MLS# 782971
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 two-unit duplex contains 2,112 square feet on a 0.114-acre lot and was built in 1900. The first-floor residence includes two bedrooms, a combined living and dining area, 1.5 baths, a semi-updated kitchen, and basement access. The upper unit features one bedroom, a living room, dining room, office combination, updated kitchen, and updated full bath. It also connects to attic space suitable for storage or personal use.
The property includes a small yard, patio, detached two-car garage, and additional off-street parking on the parking pad. Vinyl siding, hardwood flooring, natural gas heating, window-unit cooling, public water, and public sewer are included. The property is located at 56 E Goepp Street in Bethlehem City, PA 18018 and is zoned 04RT.
The property includes a small yard, patio, detached two-car garage, and additional off-street parking on the parking pad. Vinyl siding, hardwood flooring, natural gas heating, window-unit cooling, public water, and public sewer are included. The property is located at 56 E Goepp Street in Bethlehem City, PA 18018 and is zoned 04RT.
Key Highlights
- 2,112‑square‑foot duplex on a 0.114‑acre lot
- First‑floor unit offers 2 bedrooms and 1.5 baths
- Updated upper unit with 1 bedroom, office combination, kitchen, and full bath
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
$14,127
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
3.18%
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%
$282,540
$282.5K
Cap Rate 7%
$201,814
$201.8K
Cap Rate 9%
$156,967
$157.0K
Market Conditions
NOI Build-Up for 2,112 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
$21.8K $10.32/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$20.2K $9.56/SF
− OpEx
−$6.1K −$2.87/SF
NOI
$14.1K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /SF/Yr
Expense Ratio
30.00%
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%
$282,540
Cap Rate 7%
$201,814
Cap Rate 9%
$156,967
Alternative Uses
Best Use
Multifamily LT 5
$201.8K
$176.6K – $235.5K
NOI $14,127 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$176.3K
$154.2K – $205.6K
NOI $12,338 @ 7.0% cap · market cap 2.78%
Theoretical Best
Mixed Use
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,283
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with distinct floor plans, an updated upper unit, and on-site garage parking.
Where is this duplex located?
The property is located at 56 E Goepp Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: 2,112‑square‑foot duplex on a 0.114‑acre lot; First‑floor unit offers 2 bedrooms and 1.5 baths; Updated upper unit with 1 bedroom, office combination, kitchen, and full bath
