1535 Monocacy St · Bethlehem, PA 18018

$139,900

1 bd · 1.0 ba · 734 sqft · SingleFamily public records · 4 Days on market

Built 1940 4,500 sqft lot $191/sqft · 43% below area Est $245k · 43% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.8/10.0
• Livability +4.1/5.0
• Schools +3.5/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

* Multiple offers have been received, highest and best is due Monday, 5/4 at 9pm with an offer response on Tuesday * Tucked away on a quiet street in Bethlehem, this charming 1-bedroom, 1-bath bungalow offers the perfect blend of affordability and convenience. Fully fenced in both the front and back, the property provides a cozy and secure outdoor space ideal for relaxing or entertaining. A one-car parking pad adds everyday ease, with ample on-street parking available for guests. While compact in size, this home makes the most of its space and is perfect for those seeking a low-maintenance lifestyle. Enjoy peaceful surroundings while remaining just minutes from Bethlehem’s vibrant dining, shopping, and entertainment options. Home is being sold as-is. Schedule your tour today!

Key facts

• 4,500 sq ft lot
• Parking
• Built 1940

Property features AI

Exterior

• Parking: Off-street parking; On-street parking; Driveway with space for one vehicle; One total garage/parking space
• Utilities: Public water; Public sewer; Electric service
• Home design: Detached property; Finished above-grade living area (734); Below-grade unfinished area (485)
• Construction: Vinyl siding; Asphalt/fiberglass roof; Other type foundation; Built year per assessor (year source: Assessor)
• Exterior features: Fully fenced yard; Above-grade other structures

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: One bedroom on the main level (master bedroom listed)
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Electric baseboard heating; Electric hot water
• Interior features: Partial basement; Living room; Full bathroom
• Laundry & utility: Laundry area

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $206 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 8.1% vs local median 4.3% in Bethlehem — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#138 in PA, #1,122 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F.
• Bethlehem Area SD (urban): math 31% / reading 49% proficiency, ranked #342 of 539 in PA (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 103 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 567 units permitted in Northampton County in 2024 (151 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,900

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.32%
• DSCR: 1.28
• GRM: 7.7

CMA / ARV

• ARV (median comp): $245,094
• List price: $139,900
• Delta: -42.92%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1535 Monocacy St	0.00mi	1/1.0	734 (0%)	0mo	$187,500	$255	100

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.85% rent growth · sell at horizon

5-year hold

• IRR: -9.0%
• Equity multiple: 0.68×
• Total profit: $-12,688
• Equity at exit: $20,860

10-year hold

• IRR: -2.8%
• Equity multiple: 0.83×
• Total profit: $-6,551
• Equity at exit: $12,096

Cash invested: $39,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 18018

• Rents YoY: 0.8%
• Active inventory: 103
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,511 high
• Mortgage (P&I): −$734
• Tax from tax record: −$195 /mo · $2,340/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $206

Break-even live

Break-even rent $1,249

Max offer price $139,900

Occupancy floor 81%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 Hillmond St Bethlehem, PA	1.0	1.0	647	$1,375	$2.13	23d	1	0.59mi
128 W Union Blvd Bethlehem, PA	1.0	1.0	656	$1,500	$2.29	2d	1	0.66mi
38 W Union Blvd #3 Bethlehem, PA	1.0	1.0	400	$1,500	$3.75	23d	1	0.68mi
26 W North St Unit 3 Bethlehem, PA	1.0	1.0	440	$1,175	$2.67	2d	1	0.79mi
30 W Broad St Bethlehem, PA	1.0–2.0	1.0–2.0	660	$1,425	$2.16	2d	20	0.86mi
30 W Broad St Bethlehem, PA	1.0–2.0	1.0–2.0	648	$1,599	$2.47	14d	14	0.86mi
146 W Broad St Unit 3rd floor Bethlehem, PA	1.0	1.0	520	$1,200	$2.31	43d	1	0.87mi
330 E Goepp St Unit 1 Bethlehem, PA	1.0	1.0	714	$1,500	$2.10	14d	1	0.92mi
401 E Goepp St #2 Bethlehem, PA	2.0	1.0	750	$1,875	$2.50	23d	1	0.93mi
542 2nd Ave Unit 1 Bethlehem, PA	1.0	1.0	590	$1,550	$2.63	14d	1	0.93mi
801 W Broad St Unit 3 Bethlehem, PA	1.0	1.0	700	$1,699	$2.43	14d	1	1.08mi
1825 Watkins St Bethlehem, PA	1.0–2.0	1.0	429	$1,375	$3.21	14d	2	1.22mi
650 E North St Bethlehem, PA	2.0	1.0–2.0	935	$1,900	$2.03	14d	7	1.32mi
2104 Westgate Dr Bethlehem, PA	1.0–2.0	1.0	795	$1,475	$1.86	2d	5	1.38mi

Listing history 8 events

1. 2026-05-05
   status Pending 787-char remark

   Show marketing remark (793 chars)

   * Multiple offers have been received, highest and best is due Monday, 5/4 at 9pm with an offer response on Tuesday * Tucked away on a quiet street in Bethlehem, this charming 1-bedroom, 1-bath bungalow offers the perfect blend of affordability and convenience. Fully fenced in both the front and back, the property provides a cozy and secure outdoor space ideal for relaxing or entertaining. A one-car parking pad adds everyday ease, with ample on-street parking available for guests. While compact in size, this home makes the most of its space and is perfect for those seeking a low-maintenance lifestyle. Enjoy peaceful surroundings while remaining just minutes from Bethlehem’s vibrant dining, shopping, and entertainment options. Home is being sold as-is. Schedule your tour today!

2. 2026-05-05
   status Pending 793-char remark

   Show marketing remark (793 chars)

   * Multiple offers have been received, highest and best is due Monday, 5/4 at 9pm with an offer response on Tuesday * Tucked away on a quiet street in Bethlehem, this charming 1-bedroom, 1-bath bungalow offers the perfect blend of affordability and convenience. Fully fenced in both the front and back, the property provides a cozy and secure outdoor space ideal for relaxing or entertaining. A one-car parking pad adds everyday ease, with ample on-street parking available for guests. While compact in size, this home makes the most of its space and is perfect for those seeking a low-maintenance lifestyle. Enjoy peaceful surroundings while remaining just minutes from Bethlehem’s vibrant dining, shopping, and entertainment options. Home is being sold as-is. Schedule your tour today!

3. 2026-05-05
   status Pending

   Show marketing remark (793 chars)

   * Multiple offers have been received, highest and best is due Monday, 5/4 at 9pm with an offer response on Tuesday * Tucked away on a quiet street in Bethlehem, this charming 1-bedroom, 1-bath bungalow offers the perfect blend of affordability and convenience. Fully fenced in both the front and back, the property provides a cozy and secure outdoor space ideal for relaxing or entertaining. A one-car parking pad adds everyday ease, with ample on-street parking available for guests. While compact in size, this home makes the most of its space and is perfect for those seeking a low-maintenance lifestyle. Enjoy peaceful surroundings while remaining just minutes from Bethlehem’s vibrant dining, shopping, and entertainment options. Home is being sold as-is. Schedule your tour today!

4. 2026-05-02
   listed $139,900 Active

   Show marketing remark (793 chars)

   * Multiple offers have been received, highest and best is due Monday, 5/4 at 9pm with an offer response on Tuesday * Tucked away on a quiet street in Bethlehem, this charming 1-bedroom, 1-bath bungalow offers the perfect blend of affordability and convenience. Fully fenced in both the front and back, the property provides a cozy and secure outdoor space ideal for relaxing or entertaining. A one-car parking pad adds everyday ease, with ample on-street parking available for guests. While compact in size, this home makes the most of its space and is perfect for those seeking a low-maintenance lifestyle. Enjoy peaceful surroundings while remaining just minutes from Bethlehem’s vibrant dining, shopping, and entertainment options. Home is being sold as-is. Schedule your tour today!

5. 2026-05-02
   listed $139,900 Active 793-char remark

   Show marketing remark (793 chars)

   * Multiple offers have been received, highest and best is due Monday, 5/4 at 9pm with an offer response on Tuesday * Tucked away on a quiet street in Bethlehem, this charming 1-bedroom, 1-bath bungalow offers the perfect blend of affordability and convenience. Fully fenced in both the front and back, the property provides a cozy and secure outdoor space ideal for relaxing or entertaining. A one-car parking pad adds everyday ease, with ample on-street parking available for guests. While compact in size, this home makes the most of its space and is perfect for those seeking a low-maintenance lifestyle. Enjoy peaceful surroundings while remaining just minutes from Bethlehem’s vibrant dining, shopping, and entertainment options. Home is being sold as-is. Schedule your tour today!

6. 2026-04-30
   historical $139,900 793-char remark

   Show marketing remark (787 chars)

   * Multiple offers have been received, highest and best is due Monday, 5/4 at 9pm with an offer response on Tuesday * Tucked away on a quiet street in Bethlehem, this charming 1-bedroom, 1-bath bungalow offers the perfect blend of affordability and convenience. Fully fenced in both the front and back, the property provides a cozy and secure outdoor space ideal for relaxing or entertaining. A one-car parking pad adds everyday ease, with ample on-street parking available for guests. While compact in size, this home makes the most of its space and is perfect for those seeking a low-maintenance lifestyle. Enjoy peaceful surroundings while remaining just minutes from Bethlehem's vibrant dining, shopping, and entertainment options. Home is being sold as-is. Schedule your tour today!

7. 2026-04-30
   listed $139,900 Active 787-char remark

   Show marketing remark (787 chars)

   * Multiple offers have been received, highest and best is due Monday, 5/4 at 9pm with an offer response on Tuesday * Tucked away on a quiet street in Bethlehem, this charming 1-bedroom, 1-bath bungalow offers the perfect blend of affordability and convenience. Fully fenced in both the front and back, the property provides a cozy and secure outdoor space ideal for relaxing or entertaining. A one-car parking pad adds everyday ease, with ample on-street parking available for guests. While compact in size, this home makes the most of its space and is perfect for those seeking a low-maintenance lifestyle. Enjoy peaceful surroundings while remaining just minutes from Bethlehem's vibrant dining, shopping, and entertainment options. Home is being sold as-is. Schedule your tour today!

8. 1983-10-01
   soldstatus $17,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $2,340 · $195/mo
• Projected year-2 tax: $2,340 · $195/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,127
• − Mortgage interest: −$7,837
• − Property taxes: −$2,340
• − Insurance: −$700
• − Repairs & maintenance: −$1,450
• − Management: −$1,450
• − Depreciation: −$4,070
• Taxable income: $281
• Est. tax owed @ 24.0%: −$67
• After-tax cash flow: $2,410/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bethlehem Area SD
• NCES district ID: 4203570
• Math proficiency: 31% ▼ -2.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $55,124
• Composite: 34.92/100
• National rank: #5068
• State rank: #342 of 539 in PA

Livability — Bethlehem

• Score: 82/100
• State rank: #138
• US rank: #1122

Category grades

Amenities A+ Commute F Cost of living A+ Crime B+ Employment C Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bethlehem, PA
• County: Lehigh County · 333,019 people
• City population: 129,661
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 32,965
• Household income: $75,417
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 1361.0

Population outlook (Northampton County) Hauer SSP2

• Today (2025): 312,227 people
• By 2030: 314,769 · +0.8%
• By 2040: 316,914 · +1.5%
• By 2050: 318,037 · +1.9%
• By 2075: 334,003 · +7.0%
• By 2100: 344,696 · +10.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 24% Two or more races 10% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 14% Dominican 3%
• Common ancestry: Romanian 4% Italian 2% Polish 2%
• Foreign-born: 9% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 15% Other Indo-European 2%

Political lean MEDSL · Northampton

• 2024 margin: Toss-up / Even · D 48.6% · R 50.4%
• 2008→2024 swing: -14.1pp toward R · 2008: 12.3pp · 2024: -1.8pp
• All cycles: 2024: R+1.8 2020: D+0.7 2016: R+3.8 2012: D+4.6 2008: D+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.46%
• Current HPI: 301.1699
• Rent YoY: ▲ 0.85%
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+971.4% since first listed

11 events — show timeline

• 2026-06-09 Sold (MLS) $187,500 PMAR
• 2026-06-09 Sold (MLS) $187,500 BRIGHT MLS
• 2026-06-09 Sold (MLS) $187,500 GLVRMLS
• 2026-05-05 Pending — PMAR
• 2026-05-05 Pending — BRIGHT MLS
• 2026-05-05 Pending — GLVRMLS
• 2026-05-02 Listed $139,900 GLVRMLS
• 2026-05-02 Listed $139,900 BRIGHT MLS
• 2026-04-30 Coming Soon $139,900 BRIGHT MLS
• 2026-04-30 Listed $139,900 PMAR
• 1983-10-01 Sold (Public Records) $17,500 Public Records

Property tax history

+1.5%/yr

Latest (2026): $2,340 · +3.5% YoY. Source: county tax records.