429 E 4th Street
Property Description
Mixed-use investment opportunity in the heart of South Bethlehem! Ideally located just minutes from Lehigh University, this well-maintained property features four fully occupied residential units and a spacious 2,000+ sq. ft. commercial space with outstanding income-producing potential. The residential mix includes two 3-bedroom units and two 2-bedroom units, all thoughtfully updated with modern improvements including newer appliances and hot water heaters. The expansive street-level commercial space is currently vacant and offers endless possibilities for a restaurant, cafe;, retail storefront, office, creative studio, specialty business, and more. With strong visibility and a prime South Bethlehem location surrounded by ongoing development, dining, nightlife, and university activity, the opportunity for future growth is substantial. Residential rents are currently below market value, offering immediate value-add potential, while the commercial space presents the opportunity to significantly increase overall income once leased. Projected net income has the potential to exceed $70,000 annually through market rent adjustments and lease-up of the commercial space. Whether you're looking to expand your portfolio or invest in one of Bethlehem's most active growth corridors, this property offers strong income potential, value-add opportunities, and long-term upside.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $999,000 |
| No. of Units: | 5 |
| Year Built: | 1910 |
| Lot Size: | 7,712.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $199,800 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 0 |
ID: 3yd-LVARPA-777760
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