BEDS0
BATHS
SQUARE FEET3,089
MLS#PANH2009376
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBETHLEHEM AREA
Property Description
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 strong rental premiums and further increase overall revenue. The property is situated in an exceptional location near major employers and healthcare institutions, including St. Luke’s Hospital, enhancing tenant demand and occupancy stability. With durable in-place income, rent-growth potential, supplemental garage revenue, and a prime location, this asset is well suited for investors seeking predictable cash flow with upside in a high-demand rental corridor.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Oil
Garage: 2
Heating: Hot Water & Baseboard - Electric
Lot Size: 0.14 Acres
Taxes: $5,579
Year Built: 1900
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Days on Site: 3
Exterior: Brick
Lot Dimensions: 0.14 Acre(S)
Municipality: BETHLEHEM CITY
Sewer: Public Sewer
Structure Type: Detached
Three Bedroom Units: 1
Total Garage/Parking Spaces: 2
Two Bedroom Units: 3
Units: 4
Water: Public
Local Schools
High School: LIBERTY
Middle School: BROUGHAL
Elementary School: FOUNTAIN HILL
School District: BETHLEHEM AREA
Listed By / Shown By
Listed By
Agency Name: eXp Commercial
Agency Phone: 8883977352
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,224.46 per month $1,555.67 Principal & Interest $464.92 Property Tax $203.88 Homeowner's InsuranceChange Payment Information
431 Cherokee Street | MLS# PANH2009376
This multi-family property located at 431 Cherokee Street, Bethlehem, PA 18015 is currently listed for sale with an asking price of $699,000. Cherokee Street is located within the BETHLEHEM AREA school district. Search Bethlehem real estate on www.realtymark.net today.