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302 W 8th St, Bethlehem, PA 18015

$1,400,000
: 7,832
SqFt

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Sold Price: $1,400,000
List Price: $1,400,000
Status: CLOSED
Days on Market: 15
Closing Date: Aug 31, 2026
MLS#: PANH2010304
Subtype: Multi-Family
Style: Colonial
Year Built: 1997
Living Area: 7,832
Lot Size: 11,520
Acres: 0.26
MLS Area Major: Bethlehem City (12404)

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Property Description

Off campus student housing by Lehigh University available for sale. Located across the street from Lehigh University. Property consists of 4 identical townhomes 1958 sq feet each, containing 5 bedrooms, 2 full and 1 half baths, common living and dining area, kitchen, laundry room and storage, rear deck, off street parking. Built in 1997--this is a unique property designed for students' living--wide hallways and staircases, open concept cozy common area .Oversize closets in the bedrooms. Great view of historic Bethlehem. It is an easy rental--referred by previous year students-tenants. New roof, all units painted within last 2 years, gas heat, central air conditioning--replaced within last 5 years. Current rental income is $156,000 per year, net income is $132,033. Next year gross income can be as high as $192,000

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Additional Information

Interior Features: Some Carpeting, Ceiling Fans, Dining Combo, Open Floor Plan, Efficient Kitchen, Kitchen Island, Tub Shower, Window Treatments
Exterior Features: Lighting, Sidewalk, Stone Retaining Walls, Street Lights
Taxes: $16,868
Property Description: Colonial
Zoning: RM
Appliances: ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Appliances, Microwave, Oven, Dryer, ENERGY STAR Qualified Appliances, Range Hood, Stove, Water Heater
Heating: Forced Air
Air Conditioning: Central Air
Foundation: Radon Mitigation, Slab
Parking Features: Asphalt, Assigned, Free Parking
School District: Bethlehem Area