1962 Glendale Ave Bethlehem, PA 18018
West Bethlehem NeighborhoodEstimated payment $1,377/month
About This Home
Stabilized, all-brick single-family rental in Bethlehem with a fenced yard, producing $21,540 gross and $18,603 net annually, offering durable income with minimal operational risk. This 2-bedroom / 1-bath is situated in a high-demand residential pocket and is currently tenant-occupied with a lease in place through August 2025, providing near-term income visibility. In-place rents of $1,795 per month are supported by local market fundamentals, with modest upside at renewal. Operating expenses are conservatively underwritten, and the property benefits from limited maintenance exposure, and consistent tenant performance. Tenants pay for all utilities. Landlord is only responsible for Taxes and Insurance. This is a straightforward, low-friction hold requiring no heavy capital investment or operational complexity. Ideal for investors seeking predictable income, modest rent growth, and long-term appreciation in the Bethlehem market.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,000
Year Built
- Built in 1922
Home Design
- Brick or Stone Mason
Interior Spaces
- 864 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Heating Available
Community Details
- Insurance Expense $552
- Maintenance Expense $431
- Operating Expense $2,936
- Gross Income $21,540
- Net Operating Income $18,603
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,954 | $68,000 | $5,100 | $62,900 |
| 2024 | $1,931 | $68,000 | $5,100 | $62,900 |
| 2023 | $1,914 | $68,000 | $5,100 | $62,900 |
| 2022 | $1,945 | $68,000 | $62,900 | $5,100 |
| 2021 | $1,937 | $68,000 | $5,100 | $62,900 |
| 2020 | $1,875 | $68,000 | $5,100 | $62,900 |
| 2019 | $1,888 | $68,000 | $5,100 | $62,900 |
| 2018 | $1,852 | $68,000 | $5,100 | $62,900 |
| 2017 | $1,769 | $68,000 | $5,100 | $62,900 |
| 2016 | -- | $68,000 | $5,100 | $62,900 |
| 2015 | -- | $68,000 | $5,100 | $62,900 |
| 2014 | -- | $68,000 | $5,100 | $62,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/21/2026 01/21/26 | For Sale | $230,000 | -- | $266 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $48,000 | None Listed On Document | |
| Special Warranty Deed | $48,000 | None Listed On Document | |
| Deed | $26,700 | -- |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 770861
APN: 641768944292-1
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