431 Cherokee Street, Bethlehem, PA 18015

Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
431 Cherokee Street,Bethlehem, PA 18015
$699,000
  • 9 Beds
  • 4 Baths
  • 3,089 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Feb 28
    11:00 am - 12:30 pm
Listed by: akinlana popoola
Office: exp realty llc.
MLS#:772142
Source:PA_LVAR

Price summary

  • Price:$699,000
  • Price per sq. ft.:$226.29

About this home

Fully occupied four-unit with large 2 car garage generating $68,400 in gross income and $56,881 in net income. The asset consists of three 2-bedroom apartments and one 3-bedroom apartment, offering a strong and desirable unit mix supported by consistent rental demand in the surrounding submarket. All units are currently leased, providing immediate and stable cash flow. The apartments are large in size, enhancing tenant appeal and long-term retention. Rents present clear upside potential, offering investors the opportunity to further improve performance through strategic rent adjustments. Tenants are responsible for their utilities, while landlord expenses are limited to taxes, insurance, and water/sewer/trash, maintaining a favorable and efficient expense structure. A new fire escape has recently been installed, contributing to safety compliance and long-term asset integrity. Additional income potential is supported by a large two-car garage, which can command strong rental premiums

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Home facts

  • Year built:1900
  • Listing ID #:772142
  • Added:1 day(s) ago
  • Updated:February 23, 2026 at 02:47 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:3,089 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Baseboard

Structure and exterior

  • Year built:1900
  • Building area:3,089 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$699,000
  • Price per sq. ft.:$226.29
  • Tax amount:$5,174

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