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$699,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3,089 Sq. Ft.
  • 2 Car Garage
  • Updated 3 hours ago
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Open house sunday!12-130.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.

Full Property Details for 431 Cherokee St

General

  • Price: $699,000
  • Taxes: $5,579 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PANH2009376
  • Updated: 2/27/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Lease Info: Month to Month
  • Rent Control: Yes

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Type: Detached Garage, Off Street, On Street
  • Garage Description: Additional Storage Area, Covered Parking, Garage - Front Entry, Garage - Side Entry

Location

  • Area: Bethlehem City (12404)
  • Municipality: BETHLEHEM CITY
  • County: NORTHAMPTON
  • Driving Directions: 431 Cherokee Street is located on the South Side of Bethlehem, near Lehigh University and just minutes from downtown Bethlehem. From PA-378, take the exit toward Third Street, head east, then turn onto Cherokee Street, the property will be on your left.

School Information

  • School District: Bethlehem Area
  • Elementary School: Fountain Hill
  • Middle School: Broughal
  • High School: Liberty

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water & Baseboard - Electric
  • Heating Fuel: Oil
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: Detached
  • Construction: Brick
  • Foundation: Block, Stone
  • Square Feet: 3,089
  • Sq. Ft. Source: Assessor
  • Living Area: 3,089 Sq. Ft.
  • Finished Above Grnd: 3,089 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Assessor

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 4, Unit 3

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,000
  • Lot Size Source: Assessor
  • Zoning: RM

Financial Considerations

  • Price Per Sq. Ft.: $226.29
  • Operating Expenses: $11,519
  • Assessment Year: 2025
  • School Tax: $3,764
  • City/TownTax: $1,170
  • City/TownTax Freq: Annually
  • County Tax: $643
  • County Tax Freq: Annually
  • Tax w/Assessment: $59,600
  • Tax Amount: $5,579
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 3089

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: All Tenant and Owners personal property.
  • Inclusions: All owners owned appliances.
  • Lot Number: P6SW2B

Listed by eXp Commercial, james J Reardon

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Listing agent

— 431 Cherokee St —

  • james J Reardon

    eXp Commercial

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 431 Cherokee St

School District:Bethlehem Area School District
NameGradesDistance
Fountain Hill El School
1330 Church St, Bethlehem, PA 18015
PK-51 mi
Broughal Middle School
114 West Morton Street, Bethlehem, PA 18015
6-80.3 mi
Liberty High School
1115 Linden Street, Bethlehem, PA 18018
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 431 Cherokee St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/27/2026
Listed
$699,000
179.6%
MLS
8/23/2013
Sold
$250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 431 Cherokee St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$644
-88%
$59,600
—
2024
$5,268
—
$59,600
—
2023
$5,268
1%
$59,600
—
2022
$5,227
1%
$59,600
—
2021
$5,192
1%
$59,600
—
2020
$5,142
—
$59,600
—
2019
$5,125
2%
$59,600
—
2018
$5,000
1%
$59,600
—
2017
$4,941
2%
$59,600
—
2016
$4,855
2%
$59,600
—
2015
$4,741
7%
$59,600
—
2014
$4,449
—
$59,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by eXp Commercial, james J Reardon

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431 Cherokee Street, Bethlehem, PA 18015 (MLS# PANH2009376) is a Single Family property with 0 bedrooms and 0 full bathrooms. 431 Cherokee Street is currently listed for $699,000 and was received on February 27, 2026. Want to learn more about 431 Cherokee Street? Do you have questions about finding other Single Family real estate for sale in Bethlehem? You can browse all Bethlehem real estate or contact a Coldwell Banker agent to request more information.

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