431 Cherokee St, Bethlehem, PA 18015

Bethlehem
Local realty services provided by:ERA Martin Associates
431 Cherokee St,Bethlehem, PA 18015
$699,000
  • 9 Beds
  • - Baths
  • 3,089 sq. ft.
  • Multi-family
  • Active
Listed by: james j reardon
Office: exp commercial
MLS#:PANH2009376
Source:BRIGHTMLS

Price summary

  • Price:$699,000
  • Price per sq. ft.:$226.29

About this home

Open house sunday!12-130.Fully occupied four-unit with large 2 car garage generating $68,400 in gross income and $56,881 in net income. The asset consists of three 2-bedroom apartments and one 3-bedroom apartment, offering a strong and desirable unit mix supported by consistent rental demand in the surrounding submarket. All units are currently leased, providing immediate and stable cash flow. The apartments are large in size, enhancing tenant appeal and long-term retention. Rents present clear upside potential, offering investors the opportunity to further improve performance through strategic rent adjustments. Tenants are responsible for their utilities, while landlord expenses are limited to taxes, insurance, and water/sewer/trash, maintaining a favorable and efficient expense structure. A new fire escape has recently been installed, contributing to safety compliance and long-term asset integrity. Additional income potential is supported by a large two-car garage, which can command

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Home facts

  • Year built:1900
  • Listing ID #:PANH2009376
  • Added:6 day(s) ago
  • Updated:March 06, 2026 at 02:40 PM

Rooms and interior

  • Bedrooms:9
  • Living area:3,089 sq. ft.

Heating and cooling

  • Heating:Hot Water & Baseboard - Electric, Oil

Structure and exterior

  • Year built:1900
  • Building area:3,089 sq. ft.
  • Lot area:0.14 Acres
  • Construction Materials:Brick
  • Foundation Description:Block, Stone

Schools

  • High school:LIBERTY
  • Middle school:BROUGHAL
  • Elementary school:FOUNTAIN HILL

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$699,000
  • Price per sq. ft.:$226.29
  • Tax amount:$5,579 (2025)

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