Two-Bedroom Multifamily
For Sale
$144,900
930 Mechanic St, Bethlehem, PA 18015
The layout includes a full bath, kitchen, living room, unfinished basement, and backyard.
Property Size916 SF
Price / SF$158.19
Days on Market85
Property Features for 930 Mechanic St
General Information
Standard status
Active
Size
916 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
unfinished basement
backyard space
Building Details
Year Built
1900
Listing Agency:
RE/MAX Real Estate
Listed By:
Jie W. Zhou
(610) 770-9000
Source:
Jennysoldmine
Added: Jul 26
Changed: Oct 7
Last Checked: Oct 7 at 2:51PM
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 RE/MAX Real Estate
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Investment Insights
Based on property information with market context.
Located at 930 Mechanic St in Bethlehem City, this multifamily property includes two bedrooms and one full bathroom. The interior provides a kitchen and living room, while an unfinished basement adds flexible storage or improvement space. Outdoor space is available in the backyard.
The property has a clear Certificate of Occupancy from Bethlehem City and was built in 1900. Its South Bethlehem setting places it near Lehigh University, Steel Stacks, Wind Creek Casino, restaurants, shopping, hospitals, and major highways. The address is also within reach of the area’s established educational, entertainment, retail, medical, and transportation destinations.
The property has a clear Certificate of Occupancy from Bethlehem City and was built in 1900. Its South Bethlehem setting places it near Lehigh University, Steel Stacks, Wind Creek Casino, restaurants, shopping, hospitals, and major highways. The address is also within reach of the area’s established educational, entertainment, retail, medical, and transportation destinations.
Key Highlights
- Two bedrooms and one full bathroom
- Clear Certificate of Occupancy from Bethlehem City
- Kitchen and spacious living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,574
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$111,480
$111.5K
Cap Rate 7%
$79,629
$79.6K
Cap Rate 9%
$61,933
$61.9K
Market Conditions
NOI Build-Up for 916 SF
Gross rent
$11.0K $12.00/SF
− Vacancy
−$857 −$0.94/SF
EGI
$10.1K $11.06/SF
− OpEx
−$4.6K −$4.98/SF
NOI
$5.6K $6.09/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$111,480
Cap Rate 7%
$79,629
Cap Rate 9%
$61,933
Alternative Uses
Best Use
Apartment 5plus
$79.6K
$69.7K – $92.9K
NOI $5,574 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$173.7K
$152.0K – $202.7K
NOI $12,162 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
686
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
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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?
Multifamily property - The layout includes a full bath, kitchen, living room, unfinished basement, and backyard.
Where is this multifamily property located?
The property is located at 930 Mechanic St Bethlehem, PA.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Two bedrooms and one full bathroom; Clear Certificate of Occupancy from Bethlehem City; Kitchen and spacious living room
