$350,000
Opportunity meets versatility at 530 3rd Avenue! Whether you’re looking to live in one unit while generating rental income from the other or add a turnkey multi-unit property to your investment portfolio, this Bethlehem property offers flexibility, existing income, abundant storage, outdoor space, and room for future expansion.
The upstairs apartment is already tenant-occupied at $1,200 per month on a one-year lease, providing immediate rental income from day one. This unit offers 1 bedroom with the possibility of a second bedroom, giving the space additional flexibility.
And there’s even more potential above! The attic is ready to be finished, presenting an exciting opportunity to create additional bedrooms or living space. There is plenty of potential to maximize the home’s layout and functionality.
The first-floor unit is a clean, quaint and comfortable space offering 1 bedroom with the possibility of a second bedroom. Its manageable layout makes it an attractive option for an owner-occupant, long-term tenant, or someone looking for an affordable Bethlehem residence.
Storage is another major advantage. The property includes a basement with approximately 490 square feet of additional storage space, providing plenty of room for household items, tools, seasonal decorations, and more.
Step outside and discover a backyard oasis featuring a pergola and fire pit, creating a great setting for relaxing, entertaining, or enjoying evenings outdoors. The yard also offers direct alley access, leading to an oversized garage with plenty of room for a vehicle plus additional storage.
The Bethlehem location adds even more appeal. Enjoy convenient access to the city’s historic downtown and the year-round entertainment and cultural attractions of the area. Bethlehem is home to Musikfest, with events spanning the historic North and South Sides, while SteelStacks is a 10-acre arts and cultural campus on the former Bethlehem Steel site. Wind Creek Bethlehem adds casino gaming, dining, entertainment, shopping and more.
The property is also well positioned for access to two of the Lehigh Valley’s major healthcare systems, including Lehigh Valley Hospital–Muhlenberg and St. Luke’s University Hospital - Bethlehem. Lehigh and Moravian University are close by as well and this property offers close access to both campuses.
The possibilities are endless at 530 3rd Avenue. Live downstairs while the established upstairs tenant helps offset your housing expenses, explore the potential of the unfinished attic, or rent both units and add an income-producing property to your portfolio. With an existing tenant, two flexible living spaces, basement storage, a backyard retreat, alley access and an oversized garage. This property offers a combination of income potential, functionality and location in Bethlehem.
2
Beds
⋅
2
Baths
530 3rd Ave, Bethlehem
Listing courtesy of Iron Valley Real Estate Northeast. Contact: