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Property profile & analytics
OFF-MARKET
Estimated value
$6,045,000
Garden apartment buildings
1520 Irene St, Bethlehem, PA 18017
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-3872596
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Total area
104,016 SF
Lot
4.75 ac (206,910 SF)
Zoning code
RI
APN
N7SW1B 3 2 0204
UPID
US73-3872596
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.05M
Owner & transaction history
River Run Apartments LP · 10 yrs held
River Run Apartments LP
since 2015
3 recorded transactions
Zoning & alternative use
RI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$58 / 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
$173,845
Tax year 2024
Assessed value
$1,966,800
Assessed 2024
Previous assessed
$1,966,800
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$122,200
Assessed improvement
$1,844,600
Land market value
$244,400
Improvement market value
$3,689,200
Total market value
$3,933,600
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
1963
Heating
YES
Cooling
CENTRAL
Stories
1
Units
18
Rooms
1
Total area
104,016 SF
Lot
4.75 ac (206,910 SF)
Zoning code
RI
APN
N7SW1B 3 2 0204
UPID
US73-3872596
Jurisdiction
NORTHAMPTON
Zoning & alternative use
RI · Bethlehem, PA
Zoning RI · permitted uses
RI · 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.
Building & site characteristics
From public records
Year built
1963
Heating
YES
Cooling
Yes
Stories
1
Units
18
Rooms
1
Lot
4.75 ac
Current owner
From public records · entity-resolved
River Run Apartments LP
Entity
Mailing address
1250 STATE RTE 28TH STE #101, BRANCHBURG, NJ 08876-3389
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2017
—
River Run Apartments LP
—
Grant Deed
related
$9,000,000 · Berkshire Bk
Oct 29, 2015
$6,700,000
River Run Apartments LP
Sherwood Winding LLC
Grant Deed
$1,520,000 · Peoples Sec Bk&tr
Apr 20, 2004
$5,450,000
Sherwood Winding LLC
Buckley,charles
Grant Deed
—
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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