Melissa Urso
← INNOVATE Real Estate
502 Ontario - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
502 Ontario - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
502 Ontario - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
502 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
502 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
502 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
502 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
502 Parking - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
502 Parking - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 1 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 1 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 2 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 2 LR - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 2 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 LR Dining - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 LR - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 Bed 1 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 Bed 2 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 Bed 2 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 3 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 4 LR - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 4 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 4 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 5 LR Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 5 Kitchen LR - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 5 Bed - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 5 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 6 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 6 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
IMG_4442 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
IMG_4443 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
IMG_4444 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
IMG_4445 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
IMG_4446 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
561 Broadway - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
561 Broadway - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
DJI_0150 - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 7 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 7 Kitchen - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 7 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 7 Bath - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Unit 7 Dining - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Arial Markup - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
Arial - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
View - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
View - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
View - 502 Ontario Street, Bethlehem, PA 18015, Bethlehem
53 photos

$1,500,000

502 Ontario Street, Bethlehem, PA 18015
Bethlehem, PA 18015
Listed by Robert A. Hoops · Weichert Realtors - Easton
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot expand opportunities. 6 units in the main building with most units having recent updates and are below market value on month to month leases. The owner is currently occupying both units in the 2 unit building. 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. Considerations for additional income can be adding on-site laundry and storage in the large basement. 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!

Property details

MLS #
PM-142157
Property type
Apartment
Subdivision
None
Status
Active
Days on market
109
On market date
June 12, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.418 acres

Location

Get directions →
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Fountain Hill El Sch
0.81 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
512
Student:teacher ratio
12.2:1
District
Bethlehem Area SD
Middle
Broughal MS
0.33 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
489
Student:teacher ratio
10.2:1
District
Bethlehem Area SD
HighCharter
Lehigh Valley Charter High School for th
0.78 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
610
Student:teacher ratio
10.3:1
District
Lehigh Valley Charter High School for the Arts

Walkability

Blended score for Bethlehem's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

81
Highly walkable
out of 100
EPA National Walkability Index
13.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks19
Schools13
Transit stops20
Pharmacies4

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$9,183/mo
$300,000 down
$1,200,000 loan
Principal & interest$7,783
Property tax (est.)$1,250
Home insurance (est.)$150

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Data source: Listing information provided by Pocono Mountains Association of REALTORS® via Trestle/CoreLogic. Last updated 19 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.