502 Ontario ST, Bethlehem, PA 18015
502 Ontario ST, Bethlehem, PA 18015
502 Ontario ST, Bethlehem, PA 18015
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Andie Katz

Andie Katz

+1(570) 775-5177
Listed by Robert A. Hoops Weichert Realtors - Easton
$1,500,000
Est. payment /mo
0.42 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Municipality Bethlehem City

MLS Listing ID PM-142157

Year Built 1900

Annual Tax Amount $6,402

Tax Year 2026

Lot Size 0.418 Acres

Acres 0.42

Lot Dimensions 0.42

Property Sub-Type Apartment

Source Pocono Mountains Association of REALTORS®

Property Description

Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot give this property a few possibilities. Very little to do in the 6 unit building with most units having recent updates and are below market value on month to month leases. The 2 unit building is currently owner occupied and has been slightly modified for easy access between the units but could be returned to its original state, substantially raising income. The 6 unit building has 3-2bed/1bath and 3-1bed/1bath units. The 2 unit building has many updates on the first floor and is currently a 3 bed/2bath but returning to its original state will give you a 2bed/1bath and 1bed/1bath. With 8 rentable units at market value, NOI at full occupancy could be in excess of $100k giving you a projected 7% CAP rate. The large lot has plenty of parking and open space for tenant activities. Convenient location for tenants to St Lukes, Steel Stacks, public transportation, eateries and major travel routes. This property will give that portfolio the boost you have been looking for!

Location

State PA

County Northampton

Area 0.42

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard, Electric

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Luxury Vinyl

Exterior

Parking Features Parking Lot

View Y/N No

Roof Type Asphalt

Accessibility Common Area

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding

Others

Tax ID 4762-10-2845-3671

Special Listing Condition Standard

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Andie Katz

Andie Katz

+1(570) 775-5177

Associate Broker | REALTOR® License ID: AB069370

Associate Broker | REALTOR® License ID: AB069370

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