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Sold on 11/02/2015

511 Prospect Ave, Bethlehem, PA 18018

$1,083,342

Last sold 11/02/2015 for $624K

  • —

    bed

  • —

    bath

  • 7,112

    Sqft ($88/Sqft)

Condominium not for sale
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About 511 Prospect Ave

Property type Condominium
Neighborhood
Year built 1950
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Prospect Hill Apartments An 8 unit apartment building idealy located in a residential area of West Bethlehem in close proximity to Main Street, shopping, and churches. Fully occupied wtih an NOI of $51,351 and CAP Rate of 7.8%. All brick built as an apartment buildng with a 16 car parking lot. 6 units have either a patio or balcony
Listed by
Listing Agent - Ron Eichenberg
Listing Office - Frederick Group/The
Source: GLVR MLS mls logo
MLS#504659 • last updated 4 years ago
Movoto checked GLVR MLS for data 15 minutes ago
Overview
Cooling/AC WindowUnits, WallUnits
Heating Baseboard, Electric
SubType Apartment
MLS # 504659
Status Closed
Living Area 7112
Property Tax 12691.9
Year Built 1950
Condition Unknown
Interior
Exterior
Construction Brick
Parking Paved, ParkingLot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Location
County Lehigh
Subdivision Not In Development
APN 6427376252154
Directions W Broad St To South On 4th Ave To Prospect
Multifamily Details
Total # of Units 8
Operating Expense 31149
Gross Income 82500
$1.08M
Range: $975K-$1.19M
Last 30 days 
Rental est.: $1,479/month
Gross rent multiplier: 35.2
  • Nov 2015
    Public Records
  • Nov 10, 2015 Sold
    $624,400
  • Nov 2015
    mls logo MLS # 504659
  • Nov 2, 2015 Sold
    $624,400 (-4.7%)
  • Sep 15, 2015 Listed
    $655,000
  • Year Property taxes Tax assessment
  • 2026
    $13,708 +2.4%
    $466,100
  • 2025
    $13,391 +1.2%
    $466,100
  • 2024
    $13,237 +0.9%
    $466,100
  • 2023
    $13,121 -1.6%
    $466,100
  • 2022
    $13,335 +7829.1%
    $466,100
  • 2020
    $168 -98.6%
    $466,100
  • 2019
    $12,125
    $466,100
  • 511 Prospect Ave
    $624K
  • West Bethlehem
    $339K +1% y/y
  • 18018
    $329K +8% y/y
  • Bethlehem
    $438K +20% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
427 Spring St, Bethlehem, PA 18018 $283,500 2/1 2,028 0.13
425 Spring St, Bethlehem, PA 18018 $293,000 2/1 2,028 0.13
419 Spring St, Bethlehem, PA 18018 $297,800 2/1 2,028 0.14
417 Spring St, Bethlehem, PA 18018 $294,000 2/1 2,028 0.14
433 Spring St, Bethlehem, PA 18018 $286,000 3/2 2,302 0.14
429 Spring St, Bethlehem, PA 18018 $290,000 3/2 2,302 0.15
431 Spring St, Bethlehem, PA 18018 $287,000 3/2 2,302 0.15
423 Spring St, Bethlehem, PA 18018 $288,000 3/2 2,302 0.15

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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4/10
Calypso El School
public Grades PK, K-5
Bethlehem Area School District
4/10
Nitschmann Middle School
public Grades 6-8
Bethlehem Area School District
2/10
Liberty High School
public Grades 9-12
Bethlehem Area School District
Source: GreatSchools.org © 2026. All rights reserved.

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