87 E Broad St Bethlehem, PA 18018
Downtown Bethlehem NeighborhoodEstimated payment $3,736/month
About This Home
Located within walking distance to all major Bethlehem points of interest. Broad Street in Bethlehem, PA, is a friendly neighborhood known for its historic charm. This well-maintained 3-unit property offers a unique investment opportunity in the heart of the city. Total monthly income projected up to $4500, currently only 1 tenant occupies 1 bedroom apartment on 1st floor, Buy and invest or live for free while incoming rent pays for your mortgage. Unit 1: Cozy 1-bedroom apartment, Unit 2: Spacious 6-bedroom apartment featuring wide rooms and soaring ceilings, perfect for group living or large families.
Unit 3: Commercial space currently was leased to a popular smoke shop. Situated on one of Bethlehem’s most sought-after streets, this mixed-use property combines residential comfort with commercial viability, all just steps from historic sites, dining, shopping, and entertainment. Whether you're an investor seeking steady income or a buyer looking for a multi-use property in a vibrant location, this offering is not to be missed.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,021
Year Built
- Built in 1870
Home Design
- Brick or Stone Mason
Interior Spaces
- 3,786 Sq Ft Home
- 3-Story Property
- Washer Hookup
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Parking
- On-Street Parking
- Off-Street Parking
Utilities
- Heating Available
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $100
- Insurance Expense $5,000
- Maintenance Expense $1,000
- Water Sewer Expense $800
- Operating Expense $11,520
- Gross Income $45,084
- Net Operating Income $35,084
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 | $810 | $75,000 | $14,700 | $60,300 |
| 2024 | $6,629 | $75,000 | $14,700 | $60,300 |
| 2023 | $6,629 | $75,000 | $14,700 | $60,300 |
| 2022 | $6,578 | $75,000 | $14,700 | $60,300 |
| 2021 | $6,533 | $75,000 | $14,700 | $60,300 |
| 2020 | $6,471 | $75,000 | $14,700 | $60,300 |
| 2019 | $6,449 | $75,000 | $14,700 | $60,300 |
| 2018 | $6,293 | $75,000 | $14,700 | $60,300 |
| 2017 | $6,218 | $75,000 | $14,700 | $60,300 |
| 2016 | -- | $75,000 | $14,700 | $60,300 |
| 2015 | -- | $75,000 | $14,700 | $60,300 |
| 2014 | -- | $75,000 | $14,700 | $60,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/11/2025 11/11/25 | Price Changed | $599,000 | -14.3% | $158 / Sq Ft |
| 08/08/2025 08/08/25 | For Sale | $699,000 | -- | $185 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 762200
APN: P6NE1C-7-8-0204
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