735 Laufer St - Apartments FOR SALE


Bethlehem, PA 18015- Downtown Bethlehem
$875,000 USD
484-695-4887

NO PHOTO

$875,000 USD
Apartments - FOR SALE
null | 6.23% Cap Rate

735 Laufer St
Bethlehem, PA 18015
Downtown Bethlehem


HIGHLIGHTS

  • Six-unit brick investment property with proven rental history.
  • Attractive unit mix of three two-bedroom and three one-bedroom apartments.
  • Updated interiors in most units, minimizing near-term capital needs.
  • Flexible month-to-month leases allow for rent growth or repositioning.
  • Convenient location near public parking and South Bethlehem amenities.

OVERVIEW

735–737 Laufer Street presents an exceptional opportunity for investors seeking a well-maintained, income-producing multifamily property in the heart of South Bethlehem. This solid brick 6-unit building offers a proven rental history with long-term tenants and strong cash flow. The property features a desirable unit mix of three two-bedroom apartments and three one-bedroom apartments, catering to a broad tenant base. Most units have been updated and are in very good condition, ensuring minimal immediate capital expenditure. The two buildings offer distinct utility setups: 735 Laufer operates on electric heat and hot water, while 737 Laufer provides gas heat and hot water, giving flexibility for future operational strategies. Current leases are primarily month-to-month, allowing an investor to reposition rents or implement value-add improvements without lengthy lease restrictions. Located just steps from a City of Bethlehem public parking lot at Atlantic & Laufer Street, the property provides added convenience for tenants and visitors. South Bethlehem is a vibrant area with proximity to Lehigh University, major employers, and a growing arts and cultural scene. This location ensures consistent rental demand and strong occupancy rates. With its solid construction, updated interiors, and strategic location, this property is an excellent addition to any portfolio, offering stability, upside potential, and a competitive cap rate.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,833

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

RM

APN/PARCEL ID

P6SE2A-28-28-0204,P6SE2A-28-28A-0204

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.