Tenant-Occupied
For Sale
$439,000
Pending
820 New Street, Bethlehem, PA 18018
Two residential units with zoning for 2-4 units and dedicated parking support an income-producing configuration.
Property Size1,872 SF
Days on Market119
Property Features for 820 New Street
General Information
Standard status
Pending
Size
1,872 SF
Total Parking Spaces
6
Property subtype
Apartment
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,633
Building Details
Building Size
1,872 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Main St. Real Estate Group
Listed By:
Lucy H. Lennon
(610) 533-1231
Source:
Bhhspaulfordrealtors
Added: Jun 22
Changed: Oct 4
Last Checked: Oct 16 at 2:30PM
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 Main St. Real Estate Group
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Investment Insights
Based on property information with market context.
This duplex contains two residential units and was built in 1900. Both units are occupied by long-term tenants, providing an existing rental configuration for a purchaser. The property includes six dedicated parking spaces, an important practical feature for a two-unit building.
Located in Historic Downtown Bethlehem, the property is within walking distance of local attractions and amenities. Zoning permits 2-4 units, allowing the existing duplex configuration to be evaluated alongside potential expansion options supported by the site’s zoning.
Located in Historic Downtown Bethlehem, the property is within walking distance of local attractions and amenities. Zoning permits 2-4 units, allowing the existing duplex configuration to be evaluated alongside potential expansion options supported by the site’s zoning.
Key Highlights
- Two‑unit duplex built in 1900
- Both units occupied by long‑term tenants
- Six dedicated parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,521
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,420
$250.4K
Cap Rate 7%
$178,871
$178.9K
Cap Rate 9%
$139,122
$139.1K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$19.3K $10.32/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$17.9K $9.56/SF
− OpEx
−$5.4K −$2.87/SF
NOI
$12.5K $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 Rate 5%
$250,420
Cap Rate 7%
$178,871
Cap Rate 9%
$139,122
Alternative Uses
Best Use
Multifamily LT 5
$178.9K
$156.5K – $208.7K
NOI $12,521 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$156.2K
$136.7K – $182.3K
NOI $10,936 @ 7.0% cap · market cap 2.49%
Theoretical Best
Mixed Use
$275.3K
$240.9K – $321.2K
NOI $19,270 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 18018, PA
32,388
Population
14,669
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,228
Density / Sq Mi
$71,968
Median Household Income
$43,471
Median Earnings
$1,261
Median Rent
$224,000
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 - Two residential units with zoning for 2-4 units and dedicated parking support an income-producing configuration.
Where is this duplex located?
The property is located at 820 New Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1900; Both units occupied by long‑term tenants; Six dedicated parking spots
