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431 W Union Blvd 4 Unit Apartment Building $829,896 CAD ($207,474 CAD/Unit) Bethlehem, PA 18018

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INVESTMENT HIGHLIGHTS

  • Four existing one-bedroom units upstairs with stable occupancy.
  • Prime downtown location near retail, dining, and services.
  • Strong rental demand and income growth potential.
  • Two additional units under construction, completion expected by year-end.
  • Ample parking available in a nearby detached garage.

EXECUTIVE SUMMARY

431 W Union Blvd presents a rare investment opportunity in the heart of downtown. This multi-family property currently features four upstairs one-bedroom units, each offering comfortable layouts ideal for long-term tenancy. The lower level, previously a restaurant space, is undergoing a strategic conversion into two additional apartment units, with completion anticipated by year-end. This planned expansion will increase the property’s income potential and appeal to a growing rental market.
Positioned in a vibrant downtown corridor, the property benefits from proximity to local businesses, dining, and entertainment, making it highly desirable for tenants seeking convenience and urban living. Ample parking is available through a nearby large detached garage, ensuring ease for residents and visitors alike. With strong demand for quality rental housing and the advantage of a fully leased upper level, this asset offers immediate cash flow and future upside upon completion of the downstairs units. Investors will appreciate the combination of location, redevelopment progress, and income growth potential in this dynamic market.

PROPERTY FACTS

Price $829,896 CAD
Price Per Unit $207,474 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.31 AC
Construction Status Under Renovation
Building Size 4,082 SF
No. Stories 2
Year Built/Renovated 1980/2025
Parking Ratio 2.94/1,000 SF
Zoning R - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Tub/Shower
  • Smoke Free

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
642739620600-1
Land Assessment
$16,175 CAD
Improvements Assessment
$191,338 CAD
Total Assessment
$207,513 CAD
  • Listing ID: 35349996

  • Date on Market: 2025-04-02

  • Last Updated:

  • Address: 431 W Union Blvd, Bethlehem, PA 18018

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