2-Unit Duplex with Separate
For Sale
$315,000
713 Broadway, Bethlehem, PA 18015
Both apartments are occupied, with tenants paying their own electricity and heat.
Property Size1,872 SF
Price / SF$168.27
Days on Market12
Property Features for 713 Broadway
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,817
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Hongyan Dai
(610) 570-8473
Source:
Exprealty
Added: Oct 21
Changed: Oct 31
Last Checked: Nov 1 at 6:36AM
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 IronValley RE of Lehigh Valley
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Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex contains two occupied apartments. The first-floor unit has two bedrooms, a living room, a full bath, a kitchen, and basement storage. The second-floor apartment includes two bedrooms, a full bath, and a kitchen, with two heated rooms on the third floor also rented. Each unit has a separate entrance, and both entrances provide access to the backyard.
Recent work includes interior and exterior painting, a replacement front porch roof, new side-entry doors for the first-floor unit, two 8-foot baseboard heaters, basement insulation, and two water heaters. Tenants pay electricity and heat; the landlord covers water, sewer, and trash. The property is near Lehigh University and Wind Creek casino, with access to Rt. 278 and Rt. 22.
Recent work includes interior and exterior painting, a replacement front porch roof, new side-entry doors for the first-floor unit, two 8-foot baseboard heaters, basement insulation, and two water heaters. Tenants pay electricity and heat; the landlord covers water, sewer, and trash. The property is near Lehigh University and Wind Creek casino, with access to Rt. 278 and Rt. 22.
Key Highlights
- Two occupied apartments totaling 1,872 square feet
- Each unit has a separate entrance and access to the backyard
- First‑floor apartment includes two bedrooms, living room, full bath, kitchen, and basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,376
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,520
$247.5K
Cap Rate 7%
$176,800
$176.8K
Cap Rate 9%
$137,511
$137.5K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$19.1K $10.20/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$17.7K $9.44/SF
− OpEx
−$5.3K −$2.83/SF
NOI
$12.4K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,520
Cap Rate 7%
$176,800
Cap Rate 9%
$137,511
Alternative Uses
Best Use
Multifamily LT 5
$176.8K
$154.7K – $206.3K
NOI $12,376 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$162.7K
$142.4K – $189.9K
NOI $11,391 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$355.1K
$310.7K – $414.2K
NOI $24,854 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,006
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied, with tenants paying their own electricity and heat.
Where is this duplex located?
The property is located at 713 Broadway Bethlehem, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two occupied apartments totaling 1,872 square feet; Each unit has a separate entrance and access to the backyard; First‑floor apartment includes two bedrooms, living room, full bath, kitchen, and basement storage
