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Listing description

Fully renovated 5-bedroom, 2-bath home located in South Bethlehem’s Student Overlay District, within walking distance to Lehigh University. This fully rented, income-producing property has been completely remodeled and updated, offering modern finishes throughout. Features include a large updated kitchen with stainless steel appliances, luxury vinyl waterproof flooring, high ceilings, gas heat and gas hot water, in-unit washer and dryer, and a security system. Property is fully furnished, including LED flat screen TV, making it a turnkey investment ideal for student housing. Convenient to campus, downtown Bethlehem, restaurants, and public transportation. Excellent opportunity for investors seeking strong rental demand in a prime location. The amount of detailing that has been given to the finishes truly bring this property to life. The bathroom is completely custom, with beautifully designed tiles, European vanities, glass enclosures, and many other features. Other values include: security camera system, video intercom. Come tour today!

Facts & features

Interior

Bedrooms
5
Bathrooms
2 full
Living area
1,310 sq ft
Heating
Hot Water
Cooling
Window Unit(s)

Property & construction

Property type
Residential · Other
Architectural style
Other
Year built
1900

Lot & parking

Lot size
0.02 acres (1,040 sq ft)

Financial

Price / sq ft
$366
HOA dues
None

Listing details

MLS #
PANH2009212
County
Lehigh County
School district
Bethlehem Area
Days on market
171 days

Price history

DateEventPrice
Jan 14, 2026Listed for sale$479,000

Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.

The NookLocal estimate

Estimated value

$322,255

Medium confidence
$251,041$357,714

Automated estimate, not an appraisal.

About this estimate

Based on 10 comparable sales nearby, the Northampton County assessment ratio, weighted toward the current asking price.

Current list price
$479,000
County assessment implies
$174,015
Est. property taxes at today's rates
$2,190/yr

Comparable Sales

AddressClosedSale priceBd/BaSqftAdjusted value
305 W 8TH ST, BETHLEHEM, PA 18015June 2026$255,0004/21,288$283,291
644 FIOT AVE, BETHLEHEM, PA 18015August 2025$251,9014/11,326$317,480
630 PIERCE ST, BETHLEHEM, PA 18015January 2026$192,5003/21,247$246,210
741 HILLSIDE AVE, BETHLEHEM, PA 18015March 2025$325,0004/11,291$371,032
522 FIOT AVE, BETHLEHEM, PA 18015May 2026$210,0005/21,584$200,735
1627 E 8TH ST, BETHLEHEM, PA 18015September 2025$200,0003/21,328$233,754

Estimated taxes

Estimated at current rates

$2,771 / year

$231 per month

MLS shows (2025)

$2,770

School tax

BETHLEHEM AREA · 63.17 mills (2025-26)

$1,870

County tax

Northampton County · 10.80 mills (2026)

$320

Municipal tax

As recorded for 2025 — varies by municipality

$581

Assessment note: this home is assessed at $29,600 — well below the ~$81,478 its asking price implies at Northampton County's common level ratio (17.0%). A sale near asking can invite a school-district assessment appeal that could raise the bill by roughly $3,837/year. Worth pricing in.

Recomputed from the county assessment ($29,600, 1995 base year) × current millage — portals typically reprint the recorded 2025 bill. Pennsylvania does not reassess on sale. Estimate only — verify with Northampton County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.

Estimated monthly payment calculator

$95,800 (20%)
6.75%

Loan term

Estimated monthly payment

$2,856/mo

Principal & interest
$2,485
Property taxes (current rates)
$231
Home insurance (est.)
$140

Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. Estimate only; verify before relying on it.

Area statistics

School district

Bethlehem Area

Academic index
45.4/100
Graduation rate
88.8%
PSSA ELA proficient
36.1%

2025 PA state assessments (PSSA / Keystone) and graduation data. Districts serve all residents; verify enrollment boundaries with the district.

Safety data

Lehigh Countycrime & safety numbers →

FBI and Pennsylvania source data, presented without spin.

Property taxes

Lehigh County taxes, explained →

Millage, the Common Level Ratio, and what changes after you buy.

Map for 515 THOMAS ST, BETHLEHEM, PA 18015

© BRIGHT, All Rights Reserved

Information Deemed Reliable But Not Guaranteed

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.

IDX listings are displayed pursuant to broker of record United Real Estate Strive 212 — Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Data last updated: July 4, 2026 at 2:29 AM EDT

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