431 W Union Blvd 3,992 SF Vacant Retail Building Bethlehem, PA 18018 $599,900 ($150.28/SF)

431 W Union Blvd presents a rare investment opportunity in the heart of downtown. This multi-family property currently features four upstairs one-bedroom units, each offering comfortable layouts ideal for long-term tenancy. The lower level, previously a restaurant space, is undergoing a strategic conversion into two additional apartment units, with completion anticipated by year-end. This planned expansion will increase the property’s income potential and appeal to a growing rental market.
Positioned in a vibrant downtown corridor, the property benefits from proximity to local businesses, dining, and entertainment, making it highly desirable for tenants seeking convenience and urban living. Ample parking is available through a nearby large detached garage, ensuring ease for residents and visitors alike. With strong demand for quality rental housing and the advantage of a fully leased upper level, this asset offers immediate cash flow and future upside upon completion of the downstairs units. Investors will appreciate the combination of location, redevelopment progress, and income growth potential in this dynamic market.