Two-Bedroom Multifamily
For Sale
$144,900
Pending
930 Mechanic St, Bethlehem, PA 18015
The layout includes a full bath, kitchen, living room, unfinished basement, and backyard.
Property Size916 SF
Days on Market40
Property Features for 930 Mechanic St
General Information
Standard status
Pending
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: Aug 31
Last Checked: Sep 1 at 9:40PM
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
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 = 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
$5,351
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
3.69%
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%
$107,020
$107.0K
Cap Rate 7%
$76,443
$76.4K
Cap Rate 9%
$59,456
$59.5K
Market Conditions
NOI Build-Up for 916 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
$10.6K $11.52/SF
− Vacancy
−$823 −$0.90/SF
EGI
$9.7K $10.62/SF
− OpEx
−$4.4K −$4.78/SF
NOI
$5.4K $5.84/SF
Area
Lehigh County, PA
Vacancy
7.80%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
45.00%
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%
$107,020
Cap Rate 7%
$76,443
Cap Rate 9%
$59,456
Alternative Uses
Best Use
Apartment 5plus
$76.4K
$66.9K – $89.2K
NOI $5,351 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$134.7K
$117.9K – $157.2K
NOI $9,429 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
