Two-Unit
For Sale
$329,000
834 Fernwood St, Bethlehem, PA 18018
Both apartments are occupied, and the larger residence includes a patio accessed from the kitchen.
Property Size1,440 SF
Price / SF$228.47
Days on Market13
Property Features for 834 Fernwood St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 4BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,238
Building Details
Tenancy
Multi
Listing Agency:
Morganelli Properties LLC
(484) 856-8200
Listed By:
Ryan L. Romeo
(484) 280-8704
Source:
Exprealty
Added: Sep 24
Changed: Sep 28
Last Checked: Oct 5 at 7:35PM
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 Morganelli Properties LLC
Investment Insights
Based on property information with market context.
This 1,440-square-foot duplex in Bethlehem contains two occupied apartments. The larger unit spans two floors and has four bedrooms, one and a half bathrooms, an open living and dining area, and a patio off the kitchen. The second apartment has one bedroom and one bathroom.
Recent work includes new flooring in the larger unit’s kitchen, replacement of the exterior steps, and resealing of exterior concrete. The property is offered in as-is condition. Its address is 834 Fernwood St, with Main Street Bethlehem described as a short drive away.
Recent work includes new flooring in the larger unit’s kitchen, replacement of the exterior steps, and resealing of exterior concrete. The property is offered in as-is condition. Its address is 834 Fernwood St, with Main Street Bethlehem described as a short drive away.
Key Highlights
- 1,440 SF duplex with two occupied apartments
- Two‑level unit includes 4 bedrooms and 1.5 bathrooms
- Second apartment has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,632
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,640
$192.6K
Cap Rate 7%
$137,600
$137.6K
Cap Rate 9%
$107,022
$107.0K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$14.9K $10.32/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$13.8K $9.56/SF
− OpEx
−$4.1K −$2.87/SF
NOI
$9.6K $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%
$192,640
Cap Rate 7%
$137,600
Cap Rate 9%
$107,022
Alternative Uses
Best Use
Multifamily LT 5
$137.6K
$120.4K – $160.5K
NOI $9,632 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$120.2K
$105.2K – $140.2K
NOI $8,412 @ 7.0% cap · market cap 2.56%
Theoretical Best
Mixed Use
$211.8K
$185.3K – $247.1K
NOI $14,823 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
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
961
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied, and the larger residence includes a patio accessed from the kitchen.
Where is this duplex located?
The property is located at 834 Fernwood St Bethlehem, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1,440 SF duplex with two occupied apartments; Two‑level unit includes 4 bedrooms and 1.5 bathrooms; Second apartment has 1 bedroom and 1 bathroom
