$1,500,000
( $315.79Per Sq Foot )
 $8,052 est/mo Sourced by Back At You

502 Ontario St,BETHLEHEM, PA 18015

BETHLEHEM, PA 18015

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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!

Details

MLS #PANH2010116
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1900
Days On Site95
Listing Provided ByWeichert Realtors | Robert Hoops

Features

Units8
ZoningRM
Acreage0.41

Interior

CoolingWindow Unit(s)
Heating Yes / NoYes
HeatingBaseboard - Electric

Exterior

RoofAsphalt
Construction MaterialsBrick, Vinyl Siding

Parking

Garage Yes / NoNo
Parking FeaturesPrivate

Taxes

Tax Annual Amount6402

Area Information

StatePA
CountyNORTHAMPTON PA
CityBETHLEHEM
Zip Code18015
AreaBethlehem City (12404)
School DistrictBETHLEHEM AREA
Listing VS Median (in 18015)
Price:
$1,500,000
low | high
Med:
$887,000
90.866666666667% of Average
On site:
95
low | high
Med:
132
71.969696969697% of Average
Sourced by Back At You

Market Activity 18015

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Learn More About This Property

Coachmen Properties

Coachmen Properties

 (800) 878-9413admin@coachmenprops.com
StatePA
CountyNORTHAMPTON PA
CityBETHLEHEM
Zip Code18015
AreaBethlehem City (12404)
School DistrictBETHLEHEM AREA
Listing VS Median (in 18015)
Price:
$1,500,000
low | high
Med:
$887,000
90.866666666667% of Average
On site:
95
low | high
Med:
132
71.969696969697% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.125M - $1.875M
sqft: 0 - 0
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Listing Updated: September 10, 2026 at 12:41:10 PM PDT
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