Pending

431 Cherokee Street

Bethlehem City, PA 18015

$721,000 $3,039/Mo

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Overview

Bed

Bath

3,089

Sqft

6,000

Sqft(Lot)

Description

HIGHEST AND BEST OFFER BY 6PM TUESDAY 3/3/26. 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 effici ent 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 and further increase overall revenue. The property is situated in an exceptional location near major employers and healthcare institutions, including St. Luke’s Hospital, enhancing tenant demand and occupancy stability. With durable in-place income, rent-growth potential, supplemental garage revenue, and a prime location, this asset is well suited for investors seeking predictable cash flow with upside in a high-demand rental corridor.

Property Details

Property Type : Residential Income

Price : $721,000

AD Id : 75554080

MLS Id : 772142

Beds : 9

Lot Size : 6,000 Sqft

Living Area Size : 3,089

Year Built : 1900

County : Northampton

Subdivision: Not In Development

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 9

Bathroom Information

Total Baths: 4 Full Baths: 4
Heating & Cooling

Has Heating: Yes Heating: Baseboard Cooling: None, Wall/Window Unit(s)

Building Information

Year Built: 1900 Construction Materials: Brick Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 6000 Square Feet Lot Size Acres: 0.138 Lot Size Source: Public Records Lot Size Square Feet: 6000

Property Information

Subdivision: Not in Development Source Property Type: Residential Income Postal Code Plus 4: 1477 Property SubType: Apartment Property Age: 126

Listing Price Information

Listing Price: $721000 Original Price: $699000

Tax Information

Parcel Number: P6SW2B 10 28 0204 Annual Tax: $5174.47

Parking Information

Parking Total: 6 Detached, Garage

Garage Information

Has Garage: Yes

Location Information

Direction: From Interstate 78, take Exit 67 for PA-412 toward Bethlehem. Head north on PA-412 (3rd/4th St), turn right onto Cherokee Street—431 Cherokee Street will be on your left. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1790 Friedensville Road, Bethlehem, PA, 18015	$899,000	8	6	--
1931 Meadows Road, Bethlehem, PA, 18015	$2,500,000	2	1	1,652	1,652 SqFt
1731 Red Hawk Way, Bethlehem, PA, 18015	$4,950,000	4	8	13,643	13,643 SqFt
1803 Apple Tree Ln E Ln, Bethlehem, PA, 18015	$3,500,000	4	5	5,606	5,606 SqFt
4311 Stonebridge Drive, Upper Saucon Twp, PA, 18015	$825,000	3	3	2,326	2,326 SqFt
4311 Stonebridge Dr, Bethlehem, PA, 18015	$825,000	3	3	--
4299 Stonebridge Dr, Bethlehem, PA, 18015	$925,000	4	4	--
4299 Stonebridge Drive, Upper Saucon Twp, PA, 18015	$925,000	4	4	3,720	3,720 SqFt
4574 Old Saucon Road, Bethlehem, PA, 18015	$849,000	4	4	2,831	2,831 SqFt
4260 Stonebridge Dr, Bethlehem, PA, 18015	$855,000	4	4	--

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Greater Lehigh Valley REALTORS®

ByOwner last updated this listing 06/16/2026 @ 10:16

MLS: 772142 LISTED BY: Akinlana Popoola, EXP Realty LLC SOURCE: Greater Lehigh Valley REALTORS