431 W Union Blvd - Apartments FOR SALE


Bethlehem, PA 18018
$599,900 USD
484-695-4887

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$599,900 USD
Apartments - FOR SALE
null | Request Cap Rate

431 W Union Blvd
Bethlehem, PA 18018


HIGHLIGHTS

  • Four existing one-bedroom units upstairs with stable occupancy.
  • Two additional units under construction, completion expected by year-end.
  • Prime downtown location near retail, dining, and services.
  • Ample parking available in a nearby detached garage.
  • Strong rental demand and income growth potential.

OVERVIEW

431 W Union Blvd presents a rare investment opportunity in the heart of downtown. This multi-family property currently features four upstairs one-bedroom units, each offering comfortable layouts ideal for long-term tenancy. The lower level, previously a restaurant space, is undergoing a strategic conversion into two additional apartment units, with completion anticipated by year-end. This planned expansion will increase the property’s income potential and appeal to a growing rental market. Positioned in a vibrant downtown corridor, the property benefits from proximity to local businesses, dining, and entertainment, making it highly desirable for tenants seeking convenience and urban living. Ample parking is available through a nearby large detached garage, ensuring ease for residents and visitors alike. With strong demand for quality rental housing and the advantage of a fully leased upper level, this asset offers immediate cash flow and future upside upon completion of the downstairs units. Investors will appreciate the combination of location, redevelopment progress, and income growth potential in this dynamic market.

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$147 USD /SF

# OF UNITS

4

PRICE/UNIT

$149,975

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,374 SF

ZONING

R

APN/PARCEL ID

642739620600-1

ASK ABOUT THIS PROPERTY

Anthony RamosCentury 21 Ramos RealtyMore Info
484-695-4887

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Anthony RamosCentury 21 Ramos RealtyMore Info
484-695-4887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.