Eight-Unit Apartment
For Sale
Contact for pricing
Pending
682-684 Hayes Street, Bethlehem, PA 18015
Fully occupied multifamily property with a two-car garage and established utility payment arrangements.
Property Size5,532 SF
Days on Market87
Property Features for 682-684 Hayes Street
General Information
Standard status
Pending
Size
5,532 SF
Class
C
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
04RM
Occupancy
100%
Investment Type
Value Add
Additional Details
Multifamily Units
8
Building Details
Year Built
1905
Buildings
1
Stories
3
Units
8
Tenancy
Multi
Listing Agency:
Steel City Realty
Listed By:
Jennifer DeJesus · License #PA RM423820
(484) 895-9005
Source:
Crexi
Added: Jul 23
Changed: Oct 11
Last Checked: Oct 16 at 7:09AM
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 Steel City Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,532-square-foot apartment building contains 8 units and was constructed in 1905. The property is fully occupied and includes a 2-car garage, providing dedicated accessory space for the asset. Zoning is designated 04RM.
Utility responsibilities are divided between ownership and residents. The landlord currently pays water, sewer, and trash, while tenants pay electric. Several units have already transitioned to tenant-paid utilities, creating a documented operating structure that can be evaluated across the remaining units.
The property is located at 682-684 Hayes Street in Bethlehem, Pennsylvania, within ZIP Code 18015.
Utility responsibilities are divided between ownership and residents. The landlord currently pays water, sewer, and trash, while tenants pay electric. Several units have already transitioned to tenant-paid utilities, creating a documented operating structure that can be evaluated across the remaining units.
The property is located at 682-684 Hayes Street in Bethlehem, Pennsylvania, within ZIP Code 18015.
Key Highlights
- 8‑unit apartment property with full occupancy
- 5,532 square feet, built in 1905
- 2‑car garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,663
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,260
$673.3K
Cap Rate 7%
$480,900
$480.9K
Cap Rate 9%
$374,033
$374.0K
Market Conditions
NOI Build-Up for 5,532 SF
Gross rent
$66.4K $12.00/SF
− Vacancy
−$5.2K −$0.94/SF
EGI
$61.2K $11.06/SF
− OpEx
−$27.5K −$4.98/SF
NOI
$33.7K $6.09/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,260
Cap Rate 7%
$480,900
Cap Rate 9%
$374,033
Alternative Uses
Best Use
Apartment 5plus
$480.9K
$420.8K – $561.1K
NOI $33,663 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$918.1K – $1.22M
NOI $73,447 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
657
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
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with a two-car garage and established utility payment arrangements.
Where is this apartment building located?
The property is located at 682-684 Hayes Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8‑unit apartment property with full occupancy; 5,532 square feet, built in 1905; 2‑car garage included
