331 Broadway Bethlehem, PA 18015
Downtown Bethlehem NeighborhoodEstimated payment $1,712/month
Highlights
- Brick or Stone Mason
- Heating Available
- 5-minute walk to Martin Luther king Jr park
About This Home
2-unit mixed-use property generating $30,011 in gross income and $22,725 in net income. The asset features two occupied, income-producing units, including a street-level commercial space occupied by a barbershop and a second/third-floor 2-bedroom, 1-bath residential apartment. Lease expirations in 2026 provide defined near-term rollover. Current income is supported by documented leasing activity within the building and the surrounding South Bethlehem submarket. The commercial tenant pays all of its utilities. Landlord responsibilities are limited to taxes, insurance, water/sewer/trash, and heat for the residential unit only. This asset offers stable in-place income with upside driven by lease renewals and is well suited for investors seeking a mixed-use property with predictable operations, defined rollover, and income growth potential in a walkable, demand-supported location.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,837
Year Built
- Built in 1840
Home Design
- 1,457 Sq Ft Home
- Brick or Stone Mason
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Heating Available
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $480
- Insurance Expense $1,325
- Maintenance Expense $500
- Operating Expense $7,287
- Gross Income $30,011
- Net Operating Income $22,725
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 | $242 | $22,400 | $12,400 | $10,000 |
| 2024 | $1,980 | $22,400 | $12,400 | $10,000 |
| 2023 | $1,980 | $22,400 | $12,400 | $10,000 |
| 2022 | $1,964 | $22,400 | $12,400 | $10,000 |
| 2021 | $1,951 | $22,400 | $12,400 | $10,000 |
| 2020 | $1,933 | $22,400 | $12,400 | $10,000 |
| 2019 | $1,926 | $22,400 | $12,400 | $10,000 |
| 2018 | $1,879 | $22,400 | $12,400 | $10,000 |
| 2017 | $1,857 | $22,400 | $12,400 | $10,000 |
| 2016 | -- | $22,400 | $12,400 | $10,000 |
| 2015 | -- | $22,400 | $12,400 | $10,000 |
| 2014 | -- | $22,400 | $12,400 | $10,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/20/2026 01/20/26 | For Sale | $300,000 | -- | $206 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $115,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $55,000 | -- |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 770833
APN: P6SW2B-12-7-0204
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