Duplex with Detached
New
For Sale
$444,000
56 East Goepp Street, Bethlehem, PA 18018
Two-unit residential property with varied layouts, basement and attic access, off-street parking, and a detached garage.
Property Size2,112 SF
Days on Market7
Property Features for 56 East Goepp Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
could use a little TLC, just cosmetics
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,184
Building Details
Building Size
2,112 SF
Year Built
1900
Listing Agency:
Home Team Real Estate
(610) 216-4595
Listed By:
Terrilynn Zukawski
Source:
Bhhspaulfordrealtors
Added: Aug 17
Changed: Aug 22
Last Checked: Aug 22 at 10:24AM
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 Home Team Real Estate
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1900, offers distinct layouts across both floors. The first-floor residence includes two bedrooms, a combined living and dining area, 1.5 baths, a semi-updated kitchen, and basement access; its remaining work is primarily cosmetic. The second-floor unit has one bedroom, a combined living, dining, and office area, an updated kitchen, and an updated full bath. Access to the attic provides additional storage or flexible room use.
Exterior features include a small yard, a detached two-car garage, and additional off-street parking on the parking pad. The property is located in Bethlehem City, Pennsylvania, at 56 East Goepp Street.
Exterior features include a small yard, a detached two-car garage, and additional off-street parking on the parking pad. The property is located in Bethlehem City, Pennsylvania, at 56 East Goepp Street.
Key Highlights
- Two‑unit duplex built in 1900
- First‑floor unit offers 2 bedrooms, 1.5 baths, and basement access
- Second‑floor unit includes 1 bedroom, updated kitchen, and updated 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 - Two-unit residential property with varied layouts, basement and attic access, off-street parking, and a detached garage.
Where is this duplex located?
The property is located at 56 East 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: Two‑unit duplex built in 1900; First‑floor unit offers 2 bedrooms, 1.5 baths, and basement access; Second‑floor unit includes 1 bedroom, updated kitchen, and updated full bath
