Renovated 19-Unit Apartment
For Sale
Contact for pricing
Pending
732 Broadway, Bethlehem, PA 18015
Six-property offering combines updated residential units, commercial space, and garage accommodations in Bethlehem and Bangor.
Property SizeContact for details
Days on Market142
Property Features for 732 Broadway
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$172,000
Financials
Cap Rate
9.3%
Gross Income
$216,000
Additional Details
Multifamily Units
17
Building Details
Buildings
6
Listing Agency:
eXp Commercial
(888) 397-7352
Listed By:
James Reardon · License #PA RS337438
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 31 at 1:56AM
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 Commercial
Investment Insights
Based on property information with market context.
This apartment portfolio comprises 19 units across six properties in Bethlehem and Bangor, including 17 residential units, two commercial units, and three garages. The properties include a five-unit building, a four-unit building, two three-unit buildings, and two two-unit buildings. The offering is available only as a combined portfolio.
Recent improvements span the residential and mixed-use assets, with upgraded kitchens, countertops, backsplashes, appliances, flooring, bathrooms, paint, recessed and LED lighting, electrical service, plumbing, and roofing. The properties have also been brought up to code, and renovations are continuing. Current performance is reported at a 9.3% cap rate, with a projected 12.3% cap rate. Inspections for the portfolio were completed on 02/02/2022, and the sale is offered AS IS, Where is.
Recent improvements span the residential and mixed-use assets, with upgraded kitchens, countertops, backsplashes, appliances, flooring, bathrooms, paint, recessed and LED lighting, electrical service, plumbing, and roofing. The properties have also been brought up to code, and renovations are continuing. Current performance is reported at a 9.3% cap rate, with a projected 12.3% cap rate. Inspections for the portfolio were completed on 02/02/2022, and the sale is offered AS IS, Where is.
Key Highlights
- 19‑unit portfolio with 17 residential units, 2 commercial units, and 3 garages
- Six properties located across Bethlehem and Bangor, including 5‑unit, 4‑unit, 3‑unit, and 2‑unit buildings
- Reported current cap rate of 9.3% with a projected 12.3% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,006
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-property offering combines updated residential units, commercial space, and garage accommodations in Bethlehem and Bangor.
Where is this apartment building located?
The property is located at 732 Broadway Bethlehem, PA.
What are key features of this property?
This property features: 19‑unit portfolio with 17 residential units, 2 commercial units, and 3 garages; Six properties located across Bethlehem and Bangor, including 5‑unit, 4‑unit, 3‑unit, and 2‑unit buildings; Reported current cap rate of 9.3% with a projected 12.3% cap rate
