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431 W Union Blvd 4 Unit Apartment Building $815,264 CAD ($203,816 CAD/Unit) Bethlehem, PA 18018
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.
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 | $815,264 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $203,816 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Sale Condition | Redevelopment Project | Building Size | 3,992 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2026 |
| Property Subtype | Apartment | Parking Ratio | 3.01/1,000 SF |
| Zoning | RT - Residential | ||
| Price | $815,264 CAD |
| Price Per Unit | $203,816 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 | 0.29 AC |
| Building Size | 3,992 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2026 |
| Parking Ratio | 3.01/1,000 SF |
| Zoning | RT - 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
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 642739620600-1 | Improvements Assessment | $188,386 CAD |
| Land Assessment | $15,926 CAD | Total Assessment | $204,312 CAD |
Property Taxes
Parcel Number
642739620600-1
Land Assessment
$15,926 CAD
Improvements Assessment
$188,386 CAD
Total Assessment
$204,312 CAD
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431 W Union Blvd
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