502 Ontario Street, Bethlehem, PA 18015

Bethlehem
Local realty services provided by:ERA One Source Realty
502 Ontario Street,Bethlehem City, PA 18015
$1,500,000
  • 12 Beds
  • 8 Baths
  • 4,750 sq. ft.
  • Multi-family
  • Active
Listed by: bob hoops
Office: weichert realtors
MLS#:778912
Source:PA_LVAR

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$315.79

About this home

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...

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Home facts

  • Year built:1900
  • Subdivision & Development:Not in Development
  • Listing ID #:778912
  • Added:105 day(s) ago
  • Updated:September 26, 2026 at 02:55 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:8
  • Full bathrooms:8
  • Living area:4,750 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Baseboard, Electric

Structure and exterior

  • Year built:1900
  • Building area:4,750 sq. ft.
  • Lot area:0.42 Acres
  • Construction Materials:Brick, Vinyl Siding

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$315.79
  • Tax amount:$6,403

Parking

  • Total parking spaces:10
  • Parking description:Off Street, On Street, Parking Lot

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