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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
High-rise multifamily apartments
3159 Middletown Rd, Bethlehem, PA 18020-4278
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2671330
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1854
Total area
7,616 SF
Lot
0.27 ac (11,633 SF)
Zoning code
GC
APN
N7NW3 11 3 0205
UPID
US73-2671330
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
-
CalendU (Bike/Boat/Book/etc) Store Corporate Office
-
C T Ehret Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$772k
Blend (final)
Blend
$795k
Owner & transaction history
Marotta Enterprises LLC · 3 yrs held
Marotta Enterprises LLC
since 2022
Last sale
$807,500
6 recorded transactions
Zoning & alternative use
GC · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+22.2%
Commercial (general)
$1.2M
+19.9%
Medical building
$1.2M
+16.5%
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
$795,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$715,000
7%
$660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,000,000
Current use
RETAIL STORES
$1,220,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$1,165,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$925,000
Change: -8% · Conversion: Difficult
RESTAURANT
$855,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $808k (Nov 30 2022)
Last sale anchor
$808k
Nov 30 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
$104 / 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
$8,042
Tax year 2024
Assessed value
$104,800
Assessed 2024
Previous assessed
$104,800
+0.0% YoY
Effective rate
7.67%
On assessed value
Assessed land
$24,700
Assessed improvement
$80,100
Land market value
$49,400
Improvement market value
$160,200
Total market value
$209,600
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1854
Heating
YES
Cooling
CENTRAL
Stories
1
Units
6
Rooms
1
Total area
7,616 SF
Lot
0.27 ac (11,633 SF)
Zoning code
GC
APN
N7NW3 11 3 0205
UPID
US73-2671330
Jurisdiction
NORTHAMPTON
Zoning & alternative use
GC · Bethlehem, PA
Zoning GC · permitted uses
GC · 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
$1.0M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$925,000
RESTAURANT
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1854
Heating
YES
Cooling
Yes
Stories
1
Units
6
Rooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Marotta Enterprises LLC
Entity
Mailing address
9 DERBY RD, PORT WASHINGTON, NY 11050-4203
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
—
Marotta Enterprises LLC
Marotta Enterprises LLC
Intrafamily Transfer
related
—
Jan 23, 2019
$807,500
Marotta Enterprise LLC
Victory Run LLC
Deed
$605,625 · Harleysville Bank
Nov 10, 2016
—
Victory Run LLC
—
Deed
related
$594,000 · Embassy Bk/lehigh Vly
Dec 4, 2014
$195,000
Raymond Cope
Victory Run LLC
Grant Deed
—
Apr 22, 2013
$73,500
Victory Run LLC
Ehret Charles T JR
Grant Deed
—
—
—
Victory Run LLC
—
Deed Of Trust
related
$594,000 · Embassy Bk/lehigh Vly
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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