USAPABethlehemNot in Development431 Cherokee St

431 Cherokee St, BETHLEHEM, PA

Name: 431 Cherokee St, For Sale in BETHLEHEM - Zoocasa
Brand: exp realty llc
SKU: 772142
Price: 699000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$699,000

946

MLS® 772142

Overview

Key Facts

Type Apartment

Levels Residential Income

Size 3089 sqft

Garage Yes

Maintenance Fees $500

Taxes $5,174

Days Active 0

Approx. Age 1900

Avg. Price Per Sqft $226

MLS® Number 772142

Property Address: 431 Cherokee St, BETHLEHEM, PA, 18015-1477

Average square foot calculated using Size range provided by listing agent.

Description

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 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.

MLS® Number772142

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1900

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 21, 2026List Date

$699,000List Price

Map

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