502 ONTARIO ST, Bethlehem, PA 18015
502 ONTARIO ST, Bethlehem, PA 18015
502 ONTARIO ST, Bethlehem, PA 18015
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Kelly Stipa

Kelly Stipa

+1(267) 249-9000
Listed by Bob Hoops • Weichert Realtors
$1,500,000
Est. payment /mo
0.41 Acres Lot
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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PANH2010116

Year Built 1900

Annual Tax Amount $6,402

Tax Year 2026

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot give this property a few possibilities. Very little to do in the 6 unit building with most units having recent updates and are below market value on month to month leases. The 2 unit building is currently owner occupied and has been slightly modified for easy access between the units but could be returned to its original state, substantially raising income. 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. 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!

Location

State PA

County Northampton

Area Bethlehem City (12404)

Zoning RM

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Laminate Plank

Heat Source Electric

Exterior

Garage Spaces 10.0

Water Access N

Roof Type Asphalt

Accessibility Other

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Bethlehem Area

Others

Tax ID P6SW2C-18-1-0204

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Kelly Stipa

Kelly Stipa

+1(267) 249-9000

REALTOR® | License ID: RS226297L

REALTOR® License ID: RS226297L

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