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$1,500,000 Just Listed
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Property Description
Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot give this property a few possibilities. Very little to do in the 6 unit building with most units having recent updates and are below market value on month to month leases. The 2 unit building is currently owner occupied and has been slightly modified for easy access between the units but could be returned to its original state, substantially raising income. The 6 unit building has 3-2bed/1bath and 3-1bed/1bath units. The 2 unit building has many updates on the first floor and is currently a 3 bed/2bath but returning to its original state will give you a 2bed/1bath and 1bed/1bath. With 8 rentable units at market value, NOI at full occupancy could be in excess of $100k giving you a projected 7% CAP rate. The large lot has plenty of parking and open space for tenant activities. Convenient location for tenants to St Lukes, Steel Stacks, public transportation, eateries and major travel routes. This property will give that portfolio the boost you have been looking for!
Full Property Details
Full Property Details for 502 Ontario St
General
- Price: $1,500,000
- Taxes: $6,402 (2026)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PANH2010116
- Updated: 6/13/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Laminate Plank
Rooms
Bathrooms
- Restrooms: 8
Parking
- Total Spaces: 10
- Parking Features: Private
- Parking Type: Parking Lot, On Street
Location
- Area: Bethlehem City (12404)
- Municipality: BETHLEHEM CITY
- County: NORTHAMPTON
- Cross Streets: Broadway
- Driving Directions: 378 south to Broadway, bear right, property on the left
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Vinyl Siding
- Roof: Asphalt
- Building Size: 4750
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.41
- Lot Size (Sq. Ft.): 17,859
- Lot Size Source: Estimated
- Zoning: RM
Financial Considerations
- Price Per Sq. Ft.: $315.79
- Operating Expenses: $17,570
- School Tax: $4,320
- County Tax: $738
- County Tax Freq: Annually
- Tax w/Assessment: $68,400
- Tax Amount: $6,402
- Tax Year: 2026
- Owner Pays: Common Area Maintenance, Insurance, Pest Control, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Refrigerators are owned by tenants
- Lot Number: P6SW2C
Listed by Weichert Realtors, Robert Hoops
Get Pre-Approved Today
Schools
Schools serving 502 Ontario St
School District:Bethlehem Area School District
| Name | Grades | Distance |
|---|---|---|
Fountain Hill El School 1330 Church St, Bethlehem, PA 18015 | PK-5 | 0.8 mi |
Broughal Middle School 114 West Morton Street, Bethlehem, PA 18015 | 6-8 | 0.4 mi |
Liberty High School 1115 Linden Street, Bethlehem, PA 18018 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 502 Ontario St
Date
Details
Price
Change
Source
6/13/2026
Listed
$1,500,000
—
MLS
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
Tax History for 502 Ontario St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$739
—
$68,400
—
2025
$739
-88%
$68,400
—
2024
$6,046
—
$68,400
—
2023
$6,046
1%
$68,400
—
2022
$5,999
1%
$68,400
—
2021
$5,958
1%
$68,400
—
2020
$5,902
—
$68,400
—
2019
$5,882
2%
$68,400
—
2018
$5,739
1%
$68,400
—
2017
$5,670
2%
$68,400
—
2016
$5,572
3%
$68,400
1%
2015
$5,401
7%
$67,900
—
2014
$5,069
—
$67,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 502 Ontario St
502 Ontario Street, Bethlehem, PA 18015 (MLS# PANH2010116) is a Apartment property. 502 Ontario Street is currently listed for $1,500,000 and was received on June 13, 2026. Want to learn more about 502 Ontario Street? Do you have questions about finding other Apartment real estate for sale in Bethlehem? You can browse all Bethlehem real estate or contact a Coldwell Banker agent to request more information.

