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Listing provided courtesy of Weichert Realtors- MLS# 778912MLS Provider

502 Ontario StreetBethlehem City, PA 18015

Multi-Family · 12 Beds · 8 Full Baths · 4,750 Sq. ft. | 0.42 Acres
$1,500,000 Active

502 Ontario Street Overview

Time on Site:
17 days
Visits:
1

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, NOI at full occupancy could be in excess of $100k giving you a projected 7% CAP rate. 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!

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502 Ontario Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,750
  • Price/Sq.ft. $316
  • Lot 0.42 Acres

Details

General

School Information

  • School District: Bethlehem

Income/Expenses

  • Electric Expense: 720.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 2000.0
  • Net Operating Income: 47980.0
  • Operating Expense: 17570.0
  • Water Sewer Expense: 2800.0

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Northampton
  • MLS Area Major: Bethlehem-South
  • Postal City: Bethlehem City
  • Subdivision Name: Not in Development

Tax Information

  • Tax Annual Amount: 6402.93
  • Tax Assessed Value: 68400

General Information

  • Parcel Number: P6SW2C-18-1-0204
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: None
  • Zoning: 04RM

Interior

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Total: 8
  • Bedrooms Total: 12

General Information

  • Cooling: Wall/Window Unit(s)
  • Living Area: 4750.0
  • Living Area Source: Assessor

Exterior

Parking Information

  • Parking Features: Off Street,Parking Lot,On Street
  • Parking Total: 10.0

Lot Information

  • Lot Size Acres: 0.418
  • Lot Size Area: 18200.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 18200.0
  • Lot Size Units: Square Feet
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Brick,Vinyl Siding
  • Property Attached: false

General Information

  • Number Of Units Total: 8
  • Sewer: Public Sewer

Unit Information

Unit 7 Details

  • Beds Total: 2
  • Baths Total: 1
  • Description: Owner occ. Modified for access to unit8

Unit 8 Details

  • Beds Total: 1
  • Baths Total: 1
  • Description: Owner occ. Modified for access to unit7

Unit 1 Details

  • Total Rent: 1150.0
  • Actual Rent: 1150.0
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Total Rent: 1150.0
  • Actual Rent: 1150.0
  • Beds Total: 2
  • Baths Total: 1
  • Description: updated bathroom

Unit 3 Details

  • Total Rent: 1150.0
  • Actual Rent: 1150.0
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Total Rent: 1150.0
  • Actual Rent: 1150.0
  • Beds Total: 2
  • Baths Total: 1

Unit 5 Details

  • Total Rent: 1150.0
  • Actual Rent: 1150.0
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Total Rent: 1150.0
  • Actual Rent: 1150.0
  • Beds Total: 1
  • Baths Total: 1

502 Ontario Street Neighborhood

Community

18015 (Bethlehem City) Demographics

31
Median Age
1,528
Population Density (per sq. mile)
36%
College Educated
$48,608
Estimated Median Income
5,602
Estimated Total Home Owners
5,401
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

502 Ontario Street Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

502 Ontario Street Market Data

Based on the last 30 days in this zip code

$1,289,564
Average List Price
$485
Average Price per Square Foot
16
Properties Sold
212
Average Days on Market
36
Properties for Sale
Calculations provided by Reliance Network

502 Ontario Street History

Date Event Value Agent
6/13/2026Source: BRIGHT MLS Added to Database
June 13, 2026
6/12/2026Source: Pocono Mountains MLS Added to Database
June 12, 2026