Fully Occupied 8-Unit Apartment
682 -684 Hayes Street Bethlehem, PA 18015
New
For Sale
$995,000
MULTI_FAMILY - Bethlehem City, PA
Property Size5,532 SF
Lot Size0.13 Acres
Price / SF$179.86
Days on Market1
Property Features for 682 -684 Hayes Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- 04RM
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 8, Bathroom 7, Bathroom 6, Bedroom 8, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 5, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 4, Bathroom 3
- Parking
- 2
- Parking features
- Garage
- Standard status
- Active
- APN
- P6SE2D-15-18-0204
- Size
- 5,532 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7068
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 3
- Number of units
- 8
- Building materials
- Stone, Stucco
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Jennifer L. DeJesus · License #RM423820
(484) 895-9005
Added: Jul 23
Last Checked: Jul 23 at 2:06PM
MLS# 781166
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 fully occupied 8-unit apartment building includes a 2-car garage. The property has ongoing utility expense structure where the landlord currently pays water, sewer, and trash, while tenants pay electric. Several units have already been converted to tenant-paid utilities, leaving remaining utility costs to be shifted to tenants.
The building is located at 682–684 Hayes Street in Bethlehem City, Pennsylvania (Northampton County). The property is zoned 04RM.
With 8 units in place and consistent performance noted in the remarks, the asset is positioned as a value-add multifamily investment focused on utility billing alignment.
The building is located at 682–684 Hayes Street in Bethlehem City, Pennsylvania (Northampton County). The property is zoned 04RM.
With 8 units in place and consistent performance noted in the remarks, the asset is positioned as a value-add multifamily investment focused on utility billing alignment.
Key Highlights
- Fully occupied 8‑unit investment property with a 2‑car garage
- Landlord currently pays water, sewer, and trash; tenants pay electric
- Some units already converted to tenant‑paid utilities, with remaining utility costs still paid by the landlord
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 8-unit multifamily property with a 2-car garage and long history of strong occupancy.
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: Fully occupied 8‑unit investment property with a 2‑car garage; Landlord currently pays water, sewer, and trash; tenants pay electric; Some units already converted to tenant‑paid utilities, with remaining utility costs still paid by the landlord
