502 Ontario Street, Bethlehem, PA 18015
New Listing
$1,500,000
Property Type:
Commercial Sale
Square Footage:
4,750
Lot Size (sq. ft.):
18,208
Status:
Active
Current Price:
$1,500,000
List Date:
6/12/2026
Last Modified:
6/12/2026
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, full occupancy could NET in excess of $100k. 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!
More Information MLS# PM-142157
Contract Information
Listing Service: Full Service
Property Sub Type: Apartment
List Price: $1,500,000
Current Price: $1,500,000
Status: Active
Listing Contract Date: 2026-06-12
Location, Tax, and Legal
Parcel Number: 4762-10-2845-3671
Municipality: Bethlehem City
County Tax Amount: 738.72
Municipal Tax Amount: 1343.38
School Tax Amount: 4320.83
Tax Annual Amount: 6402.93
Tax Assessed Value: 68400
Tax Year: 2026
Tax Map Number: P6SW2C 18 1 0204
Tax Book Number: 2022-1
Tax Page Number: 92331
Deed Recording Date: 2022-03-22
Tax Legal Description: Block: 18 /Lot: 1
Zoning Description: Residential
Common Interest: None
General Property Information
Above Grade Finished Area: 4750
Building Area Source: Public Records
Stories: 4
Number Of Buildings: 2
Year Built Source: Public Records
Garage YN: No
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 10
Lot Size Acres: 0.418
Water Body Access YN: No
List Price/SqFt: 315.79
Building Area Total: 4750
Year Built: 1900
Currently Not Used
Number Of Units Total: 8
Remarks and Miscellaneous
Public Remarks: 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, full occupancy could NET in excess of $100k. 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!
Exclusions: Refrigerators are owned by the tenants
Income and Expenses
Gross Income: 69000
Net Operating Income: 48000
Total Actual Rent: 5750
Vacancy Allowance Rate: 5
Insurance Expense: 3000
Electric Expense: 720
Water Expense: 2800
Trash Expense: 2400
Maintenance Expense: 2000
Special Licenses
None: 1
Special Listing Conditions
Standard: 1
Listing Terms
Cash: 1
Conventional: 1
1031 Exchange: 1
Lease Back: 1
Owner Pays
Water: 1
Sewer: 1
Taxes: 1
Common Area Maintenance: 1
Exterior Maintenance: 1
Roof Maintenance: 1
Repairs: 1
Grounds Care: 1
Pest Control: 1
Security: 1
Snow Removal: 1
Trash Collection: 1
Tenant Pays
Electricity: 1
Disclosures
Certificate of Occupancy Required: 1
Income Includes
Rent Only: 1
Operating Expense Includes
Insurance: 1
Licenses: 1
Water/Sewer: 1
Trash: 1
Maintenance: 1
Maintenance Grounds: 1
Snow Removal: 1
Financial Data Source
Owner: 1
Oil, Gas and Mineral Rights
Property Subject To Lease: No
Current Use
Residential: 1
Investment: 1
Possible Use
Residential: 1
Investment: 1
Building Features
Turnkey Operations: 1
Flooring
Laminate: 1
Luxury Vinyl: 1
Accessibility Features
Common Area: 1
Construction Materials
Brick: 1
Vinyl Siding: 1
Basement
Full: 1
Unfinished: 1
Roof
Asphalt: 1
Cooling
Ceiling Fan(s): 1
Window Unit(s): 1
Heating
Baseboard: 1
Electric: 1
Water Heater
Multiple: 1
Security Features
Closed Circuit Camera(s): 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Meter Information
Number Of Separate Electric Meters: 9
Fencing
Chain Link: 1
Parking Features
Parking Lot: 1
Unpaved: 1
Road Surface Type
Paved: 1
Location Tax and Legal
County: Northampton
Street Number: 502
Street Name: Ontario
Street Suffix: Street
City (Post Office): Bethlehem
State: PA
Postal Code: 18015
Subdivision Name: None
Property Features
Special Listing Conditions: Standard
Listing Terms: Cash; Conventional; 1031 Exchange; Lease Back
Owner Pays: Water; Sewer; Taxes; Common Area Maintenance; Exterior Maintenance; Roof Maintenance; Repairs; Grounds Care; Pest Control; Security; Snow Removal; Trash Collection
Tenant Pays: Electricity
Income Includes: Rent Only
Operating Expense Includes: Insurance; Licenses; Water/Sewer; Trash; Maintenance; Maintenance Grounds; Snow Removal
Financial Data Source: Owner
Disclosures: Certificate of Occupancy Required
Current Use: Residential; Investment
Possible Use: Residential; Investment
Special Licenses: None
Building Features: Turnkey Operations
Flooring: Laminate; Luxury Vinyl
Accessibility Features: Common Area
Construction Materials: Brick; Vinyl Siding
Basement: Full; Unfinished
Roof: Asphalt
Cooling: Ceiling Fan(s); Window Unit(s)
Heating: Baseboard; Electric
Water Heater: Multiple
Security Features: Closed Circuit Camera(s)
Water Source: Public
Sewer: Public Sewer
Fencing: Chain Link
Parking Features: Parking Lot; Unpaved
Road Surface Type: Paved
Listing Office: Weichert Realtors - Easton
Last Updated: June - 12 - 2026
Information deemed reliable but not guaranteed.