Mixed-Use Building with
New
For Sale
$425,000
Pending
620 W Broad Street, Bethlehem, PA 18017
Three apartments accompany a street-facing commercial space in this occupied Bethlehem property.
Property Size2,298 SF
Days on Market5
Property Features for 620 W Broad Street
General Information
Standard status
Pending
Size
2,298 SF
Property subtype
Residential Income
Zoning
CL Commercial
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,367
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Weichert Realtors
(610) 865-5555
Listed By:
Michael Bertalan · License #RS329635
(484) 456-6603
Source:
Exprealty
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 1:56PM
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 Weichert Realtors
Investment Insights
Based on property information with market context.
At 620 W Broad Street in Bethlehem, this mixed-use property contains 2,298 square feet of above-grade space and a full basement. The street-level commercial storefront measures 500 square feet and is currently used as a salon. Three separate apartments each have one bedroom and one bathroom. Basement space provides owner or landlord storage and includes a half bathroom.
The property is zoned CL Commercial and is fully occupied. Tenants pay their own electric. The setting is near historic downtown Bethlehem, restaurants, and entertainment.
The property is zoned CL Commercial and is fully occupied. Tenants pay their own electric. The setting is near historic downtown Bethlehem, restaurants, and entertainment.
Key Highlights
- 2,298 square feet of above‑grade space, plus a full basement
- 500 SF street‑level commercial storefront currently operating as a salon
- Three one‑bedroom, one‑bathroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,267
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,340
$465.3K
Cap Rate 7%
$332,386
$332.4K
Cap Rate 9%
$258,522
$258.5K
Market Conditions
NOI Build-Up for 2,298 SF
Gross rent
$41.4K $18.00/SF
− Vacancy
−$4.1K −$1.80/SF
EGI
$37.2K $16.20/SF
− OpEx
−$14.0K −$6.07/SF
NOI
$23.3K $10.13/SF
Area
Northampton County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,340
Cap Rate 7%
$332,386
Cap Rate 9%
$258,522
Alternative Uses
Best Use
Mixed Use
$332.4K
$290.8K – $387.8K
NOI $23,267 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$254.3K
$222.5K – $296.6K
NOI $17,798 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 18017, PA
39,663
Population
16,773
Households
2.4
Avg Household Size
46
Median Age
40%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,361
Density / Sq Mi
$88,946
Median Household Income
$45,618
Median Earnings
$1,535
Median Rent
$310,600
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments accompany a street-facing commercial space in this occupied Bethlehem property.
Where is this mixed-use property located?
The property is located at 620 W Broad Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,298 square feet of above‑grade space, plus a full basement; 500 SF street‑level commercial storefront currently operating as a salon; Three one‑bedroom, one‑bathroom apartments
