429 East 4th Street,Bethlehem City, PA 18015
Bethlehem City, PA 18015
Description
Mixed-use investment opportunity in the heart of South Bethlehem! Ideally located just minutes from Lehigh University, this well-maintained property features four fully occupied residential units and a spacious 2,000+ sq. ft. commercial space with outstanding income-producing potential. The residential mix includes two 3-bedroom units and two 2-bedroom units, all thoughtfully updated with modern improvements including newer appliances and hot water heaters. The expansive street-level commercial space is currently vacant and offers endless possibilities for a restaurant, cafe;, retail storefront, office, creative studio, specialty business, and more. With strong visibility and a prime South Bethlehem location surrounded by ongoing development, dining, nightlife, and university activity, the opportunity for future growth is substantial. Residential rents are currently below market value, offering immediate value-add potential, while the commercial space presents the opportunity to significantly increase overall income once leased. Projected net income has the potential to exceed $70,000 annually through market rent adjustments and lease-up of the commercial space. Whether you're looking to expand your portfolio or invest in one of Bethlehem's most active growth corridors, this property offers strong income potential, value-add opportunities, and long-term upside.
Details
| MLS # | 777760 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 119 |
| Listing Provided By | BetterHomes&GardensRE/Cassidon | Jessica Tomasetti |
Features
| Bed(s) | 10 |
|---|---|
| SQ Feet | 7,712 |
| Story(s) | 3 |
| Units | 5 |
| Zoning | 04CG |
| Acreage | 0.07 |
Parking
| Parking Features | On Street |
|---|
Taxes
| Tax Annual Amount | 7732.18 |
|---|
Area Information
| State | PA |
|---|---|
| County | Northampton |
| City | Bethlehem City |
| Zip Code | 18015 |
| Area | Bethlehem South |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $899,000 low | high Med: $289,900 sqft: 7,712 low | high Med: 1,560 $ / sqft: $117 low | high Med: $186 On site: 119 low | high Med: 22 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | Northampton |
| City | Bethlehem City |
| Zip Code | 18015 |
| Area | Bethlehem South |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $899,000 low | high Med: $289,900 sqft: 7,712 low | high Med: 1,560 $ / sqft: $117 low | high Med: $186 On site: 119 low | high Med: 22 | |