Renovated Brick
For Sale
$459,900
Pending
726 Seneca St, Bethlehem, PA 18015
Two-unit property with updated interiors, a finished basement, and a detached two-car garage near St. Luke’s Hospital.
Property Size2,457 SF
Days on Market94
Property Features for 726 Seneca St
General Information
Standard status
Pending
Size
2,457 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1940
Buildings
1
Construction
brick Tudor
Listing Agency:
EXP Realty LLC
(484) 707-8440
Listed By:
Zack Nebbaki · License #RS329383
Source:
Poconohomessearch
Added: May 28
Changed: Aug 29
Last Checked: Aug 29 at 10:45AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 1940 brick Tudor duplex contains two residential units with extensive recent updates. The first-floor unit offers 3/4 bedrooms, a remodeled kitchen completed December 2025, a renovated full bath and half bath from November 2025, and a finished basement with epoxy-coated floors. The second-floor unit includes two bedrooms and a kitchen renovated in January 2026. Both units feature luxury vinyl plank flooring, updated lighting, custom radiator covers, vinyl blinds, sliding closet doors, and coordinated black hardware. Most windows were replaced within the last year.
The property also includes a detached 2-car garage with a new roof installed April 2026, updated doors, and freshly painted siding. Additional exterior improvements include black aluminum gutters, updated lighting, and replacement privacy fence panels. Located in Fountain Hill at 726 Seneca St, the duplex is one block from St. Luke’s Hospital and near Lehigh University, Wind Creek Casino, and ArtsQuest. A clear certificate of occupancy conveys with the sale.
The property also includes a detached 2-car garage with a new roof installed April 2026, updated doors, and freshly painted siding. Additional exterior improvements include black aluminum gutters, updated lighting, and replacement privacy fence panels. Located in Fountain Hill at 726 Seneca St, the duplex is one block from St. Luke’s Hospital and near Lehigh University, Wind Creek Casino, and ArtsQuest. A clear certificate of occupancy conveys with the sale.
Key Highlights
- Two‑unit brick Tudor property built in 1940
- Unit 1 offers 3/4 bedrooms, renovated baths, and a finished basement with epoxy‑coated floors
- Unit 2 includes two bedrooms and a kitchen renovated in January 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,434
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,680
$328.7K
Cap Rate 7%
$234,771
$234.8K
Cap Rate 9%
$182,600
$182.6K
Market Conditions
NOI Build-Up for 2,457 SF
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.
Gross rent
$25.4K $10.32/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$23.5K $9.56/SF
− OpEx
−$7.0K −$2.87/SF
NOI
$16.4K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,680
Cap Rate 7%
$234,771
Cap Rate 9%
$182,600
Alternative Uses
Best Use
Multifamily LT 5
$234.8K
$205.4K – $273.9K
NOI $16,434 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$205.0K
$179.4K – $239.2K
NOI $14,353 @ 7.0% cap · market cap 3.12%
Theoretical Best
Mixed Use
$361.3K
$316.2K – $421.5K
NOI $25,292 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,698
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?
Duplex - Two-unit property with updated interiors, a finished basement, and a detached two-car garage near St. Luke’s Hospital.
Where is this duplex located?
The property is located at 726 Seneca St Bethlehem, PA.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two‑unit brick Tudor property built in 1940; Unit 1 offers 3/4 bedrooms, renovated baths, and a finished basement with epoxy‑coated floors; Unit 2 includes two bedrooms and a kitchen renovated in January 2026
