735 Laufer St 6 Unit Apartment Building $1,217,562 CAD ($202,927 CAD/Unit) 6.23% Cap Rate Bethlehem, PA 18015

735–737 Laufer Street presents an exceptional opportunity for investors seeking a well-maintained, income-producing multifamily property in the heart of South Bethlehem. This solid brick 6-unit building offers a proven rental history with long-term tenants and strong cash flow. The property features a desirable unit mix of three two-bedroom apartments and three one-bedroom apartments, catering to a broad tenant base. Most units have been updated and are in very good condition, ensuring minimal immediate capital expenditure.
The two buildings offer distinct utility setups: 735 Laufer operates on electric heat and hot water, while 737 Laufer provides gas heat and hot water, giving flexibility for future operational strategies. Current leases are primarily month-to-month, allowing an investor to reposition rents or implement value-add improvements without lengthy lease restrictions. Located just steps from a City of Bethlehem public parking lot at Atlantic & Laufer Street, the property provides added convenience for tenants and visitors.
South Bethlehem is a vibrant area with proximity to Lehigh University, major employers, and a growing arts and cultural scene. This location ensures consistent rental demand and strong occupancy rates. With its solid construction, updated interiors, and strategic location, this property is an excellent addition to any portfolio, offering stability, upside potential, and a competitive cap rate.