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502 Ontario Street, 
Bethlehem City, PA 18015

$1,500,000


12

Beds


8

Baths


4,750

Sq Ft


Multi-Family

Active

Listed by

Bob Hoops

Weichert Realtors

Last updated:

July 8, 2026, 03:48 PM

MLS#

778912

Source:

PA LVAR

About This Home

502 Ontario Street

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!

Home Facts

Multi-Family

8 Baths

12 Bedrooms

Built in 1900

Price Summary

1,500,000

$315 per Sq. Ft.

MLS #:

778912

Last Updated:

July 8, 2026, 03:48 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

4,750 Sq. Ft.


Structure

Structure

Building Area:

4,750 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

18,200


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$315 per Sq. Ft.

Source:PA LVAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.