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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1147 4Th St Bethlehem, PA 18015

    • Multifamily properties
    • 4,710 SF
    • 0.05 lot acres
    For Sale
    View listing
    $1,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3966942
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bethlehem Partners LLC / Church

    Property Details for 1147 4Th St

    Year built
    1900
    Lot size
    0.05 lot acres
    Property size
    4,710 SF
    Property type
    Multifamily properties

    Description

    This exceptional 10-unit multifamily property, located at 1147 E 4th Street in Bethlehem, PA, presents a lucrative investment opportunity. Boasting a substantial 4,710 square feet on a 0.05-acre lot, this property generates a gross annual income of $169,800 and a net operating income of $129,551. The unit mix caters to a diverse tenant base, comprising two three-bedroom apartments, six two-bedroom apartments, and two one-bedroom apartments. Its prime location in the heart of Bethlehem offers tenants convenient access to a wealth of amenities, including numerous restaurants, the Wind Creek Casino, and an event center, all within walking distance. The property benefits from existing management, ensuring a smooth transition for new ownership. This turnkey property requires no immediate capital improvements, allowing for immediate cash flow. Note that the seller owns additional multifamily properties within a 10-mile radius, including two seven-unit buildings and another ten-unit building. This presents a unique opportunity to acquire a high-performing asset in a thriving location with potential for portfolio expansion. The asking price is $1,750,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.36103
    Latitude
    40.61127

    Comparable in this City

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    • $125,000
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      Approved building lot in Bethlehem's Southside, near Wind Creek Casino.
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      3.00 Acres

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      Renovated Income Property Near Lehigh

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      Renovated Income Property Near Lehigh

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      515 Thomas St, Bethlehem, PA 18015
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    Similar Nearby for Sale

    • $875,000
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      Bethlehem City Multifamily Investment Opportunity

      Solid 6-unit brick investment property with strong rental history.
      735 Laufer St, Bethlehem, PA 18015
      View Details
    • $125,000
      Pending

      Approved Multifamily Construction Site

      Approved building lot in Bethlehem's Southside, near Wind Creek Casino.
      1183 Mechanic St, Bethlehem, PA 18015
      View Details
    • $479,000
      1,310 SF

      Renovated Income Property Near Lehigh

      Fully renovated, furnished 5-bedroom property near Lehigh University.
      515 Thomas St, Bethlehem, PA 18015
      View Details
    • Contact for pricing
      3.00 Acres

      Route 378 Saucon Valley Land

      3-Acre Commercial Development Opportunity
      3672 Pa-378, Bethlehem, PA 18015
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    • $875,000
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      Private Estate with Two Ponds

      Unique property with historic charm and modern potential.
      1578 Hafler Rd, Bethlehem, PA 18015
      View Details
    • $479,000
      1,310 SF

      Renovated Income Property Near Lehigh

      Fully renovated, furnished 5-bedroom property in Bethlehem's Student Overlay District.
      517 Thomas St, Bethlehem, PA 18015
      View Details

    Similar Nearby for Lease

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    • New
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      Bethlehem City Commercial Space Available

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      4,422 SF

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    Bethlehem, PA 18015
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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