8-Unit Apartment
For Sale
$995,000
682 Hayes St, Bethlehem, PA 18015
Fully occupied multifamily property with a two-car garage and individually metered electric service.
Property Size5,532 SF
Price / SF$179.86
Days on Market10
Property Features for 682 Hayes St
General Information
Standard status
Active
Size
5,532 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
8
Listing Agency:
Steel City Realty
(610) 217-6330
Listed By:
Jennifer L. DeJesus
(610) 217-6330
Source:
Exprealty
Added: Jul 23
Changed: Jul 31
Last Checked: Jul 31 at 9:57AM
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
Investment Insights
Based on property information with market context.
This 8-unit apartment building contains 5,532 square feet and is fully occupied. The property includes a two-car garage, with tenants paying electric while the landlord currently pays water, sewer, and trash. Several units have already been converted to tenant-paid utilities, creating a defined path for additional utility-cost recovery across the remaining units.
Key Highlights
- Fully occupied 8‑unit apartment building
- 5,532 square feet of property size
- Two‑car garage included
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.7k | $11.52 |
| − Vacancy | −$5.0k | −$0.90 |
| EGI | $58.8k | $10.62 |
| − OpEx | −$26.4k | −$4.78 |
| NOI | $32.3k | $5.84 |
5,532 SF · lease $11.52/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$461.7K
$404.0K – $538.6K
NOI $32,317 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$813.5K
$711.8K – $949.1K
NOI $56,945 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,189
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with a two-car garage and individually metered electric service.
Where is this apartment building located?
The property is located at 682 Hayes St 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: Fully occupied 8‑unit apartment building; 5,532 square feet of property size; Two‑car garage included
