502 Ontario St, Bethlehem, PA 18015
- $1,500,000
- 12
- BD
- 8
- BA
- 4,750
- SqFt
- List Price
- $1,500,000
- MLS#
- 778912
- Status
- ACTIVE
- Type
- Multifamily
- City
- Bethlehem
- Area
- Bethlehem-South
- County
- Northampton
- Bedrooms
- 12
- Bathrooms
- 8
- Living Area
- 4,750
- Lot Size
- 18,200
- Year Built
- 1900
Property Description
Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot expand opportunities. 6 units in the main building with most units having recent updates and are below market value on month to month leases. The owner is currently occupying both units in the 2 unit building. 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. Considerations for additional income can be adding on-site laundry and storage in the large basement. 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!
/u.realgeeks.media/lehighvalleyjustlisted/LVJL_logo_app.png){kind=logo}
Additional Information
- Property Taxes
- $6,402
- Acres
- 0.42
- Cooling
- Window/Wall
- Living Area
- 4,750
- Lot Size
- 18,200
- Parking Spaces
- 10
- Region
- Bethlehem-South
- School District
- Bethlehem
- Sewer
- Public Sewer
- Subdivision
- Not In Development
- Zoning
- 04RM
Mortgage Calculator
Listing courtesy of Weichert Realtors. Contact:
The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of the Greater Lehigh Valley REALTORS® Multiple Listing Service. The information being provided is for consumes personal, non-commercial use and may not be used for any purpose. Information is deemed reliable but not guaranteed. Copyright 2026 Greater Lehigh Valley REALTORS®.