1849 Market St, Bethlehem, PA 18018
- $346,800
- 3
- BD
- 2
- BA
- 1,232
- SqFt
- List Price
- $346,800
- MLS#
- 780551
- Status
- ACTIVE
- Type
- Multifamily
- City
- Bethlehem
- Area
- Bethlehem-West
- County
- Lehigh
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,232
- Lot Size
- 2,525
- Year Built
- 1915
Property Description
Investment Opportunity – 1849 W. Market Street, Bethlehem, PA is a stable two-unit investment property being offered for sale with long-term tenants in place and dependable cash flow. The property currently generates $33,393.48 in gross annual rental income, with verifiable operating expenses of $7,377.17, resulting in a Net Operating Income (NOI) of $26,016.31. At the asking price of $346,800, the property offers an attractive 7.5% capitalization rate. The property underwent substantial improvements in 2018 (verify year if different), including: Electrical system upgrades New roof Two new natural gas boilers New water heaters Interior renovations Exterior improvements These updates have contributed to a low-maintenance ownership experience. Buy with confidence—the property is being sold with: A clear City of Bethlehem pre-sale inspection A two-year roof certification Documentation of recent boiler cleaning and servicing Schedule your private tour today.
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Additional Information
- Acres
- 0.06
- Cooling
- Ceiling Fan(s), None
- Living Area
- 1,232
- Lot Size
- 2,525
- Region
- Bethlehem-West
- School District
- Bethlehem
- Sewer
- Public Sewer
- Stories
- 2
- Subdivision
- Not In Development
- Utilities
- Cable Available
- Zoning
- RT
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