502 Ontario Street, Bethlehem, PA 18015
New Listing
$1,500,000
Property Type:
Commercial Sale
Square Footage:
4,750
Lot Size (sq. ft.):
18,208
Status:
Active
Current Price:
$1,500,000
List Date:
6/12/2026
Last Modified:
6/12/2026
Listing Details MLS# PM-142157
General Property Information
- Above Grade Finished Area
- 4750
- Building Area Total
- 4750
- Building Area Source
- Public Records
- Stories
- 4
- Number Of Buildings
- 2
- Year Built
- 1900
- Year Built Source
- Public Records
- Garage YN
- No
- Carport YN
- No
- Open Parking YN
- Yes
- Open Parking Spaces
- 10
- Lot Size Acres
- 0.418
- Water Body Access YN
- No
- List Price/SqFt
- 315.79
Property Features
Special Listing Conditions:
Standard
Listing Terms:
Cash; Conventional; 1031 Exchange; Lease Back
Owner Pays:
Water; Sewer; Taxes; Common Area Maintenance; Exterior Maintenance; Roof Maintenance; Repairs; Grounds Care; Pest Control; Security; Snow Removal; Trash Collection
Tenant Pays:
Electricity
Income Includes:
Rent Only
Operating Expense Includes:
Insurance; Licenses; Water/Sewer; Trash; Maintenance; Maintenance Grounds; Snow Removal
Financial Data Source:
Owner
Disclosures:
Certificate of Occupancy Required
Current Use:
Residential; Investment
Possible Use:
Residential; Investment
Special Licenses:
None
Building Features:
Turnkey Operations
Flooring:
Laminate; Luxury Vinyl
Accessibility Features:
Common Area
Construction Materials:
Brick; Vinyl Siding
Basement:
Full; Unfinished
Roof:
Asphalt
Cooling:
Ceiling Fan(s); Window Unit(s)
Heating:
Baseboard; Electric
Water Heater:
Multiple
Security Features:
Closed Circuit Camera(s)
Water Source:
Public
Sewer:
Public Sewer
Fencing:
Chain Link
Parking Features:
Parking Lot; Unpaved
Road Surface Type:
Paved
Contract Information
- Property Sub Type
- Apartment
- Listing Contract Date
- 2026-06-12
- Listing Service
- Full Service
Location Tax and Legal
- County
- Northampton
- Street Number
- 502
- Street Name
- Ontario
- Street Suffix
- Street
- City (Post Office)
- Bethlehem
- State
- PA
- Postal Code
- 18015
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot give this property a few possibilities. Very little to do in the 6 unit building with most units having recent updates and are below market value on month to month leases. The 2 unit building is currently owner occupied and has been slightly modified for easy access between the units but could be returned to its original state, substantially raising income. The 6 unit building has 3-2bed/1bath and 3-1bed/1bath units. The 2 unit building has many updates on the first floor and is currently a 3 bed/2bath but returning to its original state will give you a 2bed/1bath and 1bed/1bath. With 8 rentable units at market value, full occupancy could NET in excess of $100k. The large lot has plenty of parking and open space for tenant activities. Convenient location for tenants to St Lukes, Steel Stacks, public transportation, eateries and major travel routes. This property will give that portfolio the boost you have been looking for!
- Exclusions
- Refrigerators are owned by the tenants
Income and Expenses
- Gross Income
- 69000
- Net Operating Income
- 48000
- Total Actual Rent
- 5750
- Vacancy Allowance Rate
- 5
- Insurance Expense
- 3000
- Electric Expense
- 720
- Water Expense
- 2800
- Trash Expense
- 2400
- Maintenance Expense
- 2000
More Information
Meter Information
- Number Of Separate Electric Meters
- 9
Location, Tax, and Legal
- Parcel Number
- 4762-10-2845-3671
- Municipality
- Bethlehem City
- County Tax Amount
- 738.72
- Municipal Tax Amount
- 1343.38
- School Tax Amount
- 4320.83
- Tax Annual Amount
- 6402.93
- Tax Assessed Value
- 68400
- Tax Year
- 2026
- Tax Map Number
- P6SW2C 18 1 0204
- Tax Book Number
- 2022-1
- Tax Page Number
- 92331
- Deed Recording Date
- 2022-03-22
- Tax Legal Description
- Block: 18 /Lot: 1
- Zoning Description
- Residential
- Common Interest
- None
Currently Not Used
- Number Of Units Total
- 8
Special Licenses
- None
- Yes
Special Listing Conditions
- Standard
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
- Lease Back
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Common Area Maintenance
- Yes
- Exterior Maintenance
- Yes
- Roof Maintenance
- Yes
- Repairs
- Yes
- Grounds Care
- Yes
- Pest Control
- Yes
- Security
- Yes
- Snow Removal
- Yes
- Trash Collection
- Yes
Tenant Pays
- Electricity
- Yes
Disclosures
- Certificate of Occupancy Required
- Yes
Income Includes
- Rent Only
- Yes
Operating Expense Includes
- Insurance
- Yes
- Licenses
- Yes
- Water/Sewer
- Yes
- Trash
- Yes
- Maintenance
- Yes
- Maintenance Grounds
- Yes
- Snow Removal
- Yes
Financial Data Source
- Owner
- Yes
Oil, Gas and Mineral Rights
- Property Subject To Lease
- No
Current Use
- Residential
- Yes
- Investment
- Yes
Possible Use
- Residential
- Yes
- Investment
- Yes
Building Features
- Turnkey Operations
- Yes
Flooring
- Laminate
- Yes
- Luxury Vinyl
- Yes
Accessibility Features
- Common Area
- Yes
Construction Materials
- Brick
- Yes
- Vinyl Siding
- Yes
Basement
- Full
- Yes
- Unfinished
- Yes
Roof
- Asphalt
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Window Unit(s)
- Yes
Heating
- Baseboard
- Yes
- Electric
- Yes
Water Heater
- Multiple
- Yes
Security Features
- Closed Circuit Camera(s)
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Fencing
- Chain Link
- Yes
Parking Features
- Parking Lot
- Yes
- Unpaved
- Yes
Road Surface Type
- Paved
- Yes
Listing Office:
Weichert Realtors - Easton
Last Updated: June - 12 - 2026
Information deemed reliable but not guaranteed.
