NOT LISTED FOR SALE

506 W 3rd St Bethlehem, PA 18015

Downtown Bethlehem Neighborhood
-- Bed
-- Bath
10,713 Sq Ft
0.42 Acres

Last Sold June 17, 2022

Last sale price $925,000 $86 Per Sq Ft

9 Days on Market

Highlights

  • 0.42 Acre Lot
  • Balcony
  • Commercial or Retail Space
  • Wood Flooring
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of June 2022

SOUTH BETHLEHEM MULTI-UNIT. This is a classic, former mansion conversion to a 7 units (3-1BR, 3-2BR, 1-3BR) complex.
Long term Owners have meticulously maintained and updated this property. Historic vacancy rates are extremely low due to convenience of location to all Third St. amenities, St. Lukes Hospital, and Lehigh University. Units all have refrigerators, oven/stove, microwave, dishwashers, and some have individual laundry. Off street parking on a paved lot can accommodate up to 10 cars. On street also available. Showings available every Tuesday, Thursday, and Saturday between 12-2pm.

Last Agent to Sell the Property

David Coleman

RE/MAX Real Estate License #AB066275 Listed on: 04/09/2022

RE/MAX Real Estate

Co-Listed By

Debra Lush

RE/MAX Real Estate

Last Buyer's Agent

Jared Erhart

Home Team Real Estate License #AB068794

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,532

Year Built

  • Built in 1925

Lot Details

  • 0.42 Acre Lot

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction

Interior Spaces

  • 10,713 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Washer and Dryer Hookup

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 10 Parking Spaces
  • Paved Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P6SW2B 4 1 0204

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $530
  • Insurance Expense $5,200
  • Maintenance Expense $4,250
  • Trash Expense $960
  • Water Sewer Expense $2,250
  • Operating Expense $28,996
  • Gross Income $82,800
  • Net Operating Income $53,804

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,532

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 154300.00
  • Stories: 3.0
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Hardwood, Patio, Wash/Dry Hook-ups
  • Bathrooms: Semi Modern
  • Square Footage: 10713

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 10

Utilities

  • Cooling: Central AC
  • Heat Type: Electric, Forced Air
  • Sewer: Public
  • Water: Public
  • Electric: 530
  • Insurance: 5200
  • Trash Removal: 960
  • Water Sewer: 2250

Condo/Co-op/Association

  • Lawn Snow Removal: 2120
  • Maintenance Repair: 4250

Fee Information

  • Operating Expense: 28996

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.422
  • Lot Sq Ft: 18375
  • Zoning Code: RG-RESIDENTIAL

Tax Info

  • Assessor Parcel Number: P6SW2B 4 1 0204
  • County Taxes: 1666.44
  • Municipal Taxes: 2953.30
  • Total Taxes: 13532.11

Multi Family

  • School Taxes: 8912.37
  • Total Units: 7
  • Total Unit Count: 7

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2022 06/17/22 Sold $925,000 +2.8% $86 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/09/2022 04/09/22 For Sale $900,000 -- $84 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Coleman

    Seller's Agent in 2022

    David Coleman

    RE/MAX

    (484) 951-3931

    1 in this area

    79 Total Sales

    David Coleman
    Section Image
  • Debra Lush

    Seller Co-Listing Agent in 2022

    Debra Lush

    RE/MAX

    (484) 664-7419

    2 in this area

    45 Total Sales

    Debra Lush
    Section Image
  • Jared Erhart

    Buyer's Agent in 2022

    Jared Erhart

    Home Team Real Estate

    (610) 248-4851

    12 in this area

    198 Total Sales

    Jared Erhart
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 690756

Greater Lehigh Valley REALTORS®
Pennsylvania Northampton County Bethlehem 18015 Downtown Bethlehem

506 W 3rd St, Bethlehem, PA

This home is located at 506 W 3rd St, Bethlehem, PA 18015 since 09 April 2022. This property was built in 1925. 506 W 3rd St is a home located in Northampton County with nearby schools including Fountain Hill Elementary School, Broughal Middle School, and Liberty High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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