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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Garden apartment buildings
1325 Chelsea Ave Bethlehem, PA 18018-2466
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2701969
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2016
Total area
34,227 SF
Lot
0.52 ac (22,750 SF)
Zoning code
CG
APN
N6SE4A 11 1 0204
UPID
US73-2701969
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chelsea Gardens Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
$3.21M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$3.02M
Owner & transaction history
Chelsea Commons Apis I LLC · 3 yrs held
Chelsea Commons Apis I LLC
since 2022
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
CG · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bethlehem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethlehem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,965,000
ML approach
$2,905,000
CAP Approach
CAP Return
Estimation
6%
$3,470,000
6.5%
$3,205,000
7%
$2,975,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,695,000
Current use
AUTO REPAIR, GARAGE
$4,145,000
Change: -12% · Conversion: Difficult
RESTAURANT
$3,835,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±10% · vs last sale $3.01M (Aug 26 2022)
Last sale anchor
$3.01M
Aug 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$57,692
Tax year 2024
Assessed value
$652,700
Assessed 2024
Previous assessed
$652,700
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$33,800
Assessed improvement
$618,900
Land market value
$67,600
Improvement market value
$1,237,800
Total market value
$1,305,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2016
Heating
YES
Cooling
CENTRAL
Units
30
Total area
34,227 SF
Lot
0.52 ac (22,750 SF)
Zoning code
CG
APN
N6SE4A 11 1 0204
UPID
US73-2701969
Jurisdiction
NORTHAMPTON
Zoning & alternative use
CG · Bethlehem, PA
Zoning CG · permitted uses
CG · Bethlehem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethlehem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RESTAURANT
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
YES
Cooling
Yes
Units
30
Lot
0.52 ac
Current owner
From public records · entity-resolved
Chelsea Commons Apis I LLC
Entity
Mailing address
1325 CHELSEA AVE, BETHLEHEM, PA 18018-2466
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2022
—
Chelsea Commons Apis I LLC
Pd Futures LP
Deed
$50,000,000 · Investors Bank
Sep 4, 2018
—
Pd Futures LP
—
Deed
related
$4,140,000 · Columbia Bank
May 26, 2015
—
Pd Futures LP
Rjr Property Mgmt Assocs LLC
Grant Deed
—
Sep 24, 2010
$1,200,000
Rjr Property Mgmt Assocs LLC
Davis Kehler Properties LLC
Grant Deed
$1,200,000 · Lafayette Ambassador Bank
—
—
Pd Futures LP
—
Deed Of Trust
related
$3,915,000 · Peoples Sec Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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