Exceptional investment opportunity just steps from Lehigh University and located within the City of Bethlehem's desirable Student Overlay District. The layout features 3 bedrooms on the second floor. The 3rd floor could be converted into a 4th bedroom with some modifications. Currently one full bath with space to add a 2nd bath. (buyer to verify permitted use and student housing conversion requirements with the City of Bethlehem).
This property features 2 off street parking spaces in the rear. Economical natural gas hot water heat runs throughout most of the home. Improvements include a new rear flat rubber roof and a new sewer line, both in 2022. The backyard offers a nice open space to enjoy the outdoors.
Situated on the highly sought-after 500 block of Hillside Avenue, this is a rare opportunity to acquire an income-producing property in one of Lehigh University's most desirable student housing locations. With consistent rental demand and excellent long-term investment potential, this property is well positioned to generate strong returns for years to come.
For sale
$319,900
551 Hillside Ave, Bethlehem, PA 18015
3beds
1,536sqft
Townhouse, Multi Family
Built in 1900
3,746 Square Feet Lot
$311,700 Zestimate®
$208/sqft
$-- HOA
What's special
- 23 hours
- 172
- 11
Zillow last checked:
Listing updated:
Listed by:
Walt Keiper 484-239-4753,
RE/MAX Central - Center Valley 610-791-4400
Source: GLVR,MLS#: 786520
Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard, Electric, Hot Water, Radiator(s)
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Washer Hookup
Features
- Flooring: Carpet
Interior area
- Total interior livable area: 1,536 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage
- Has garage: Yes
Features
- Stories: 2
Lot
- Size: 3,746 Square Feet
Details
- Parcel number: P6SE1C10120204
- Zoning: 04RM
- Special conditions: Estate
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Multi Family
Materials
- Brick, Vinyl Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Not in Development
Location
- Region: Bethlehem
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $28,900
- Annual tax amount: $2,705
- Date on market: 10/19/2026
Estimated market value
$311,700
$296,000 - $327,000
$1,928/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/19/2026 | Listed for sale | $319,900+481.6%$208/sqft |
Source: | ||
| 8/1/1989 | Sold | $55,000$36/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,705 +3.5% | $28,900 |
| 2025 | $2,613 +2% | $28,900 |
| 2024 | $2,562 +0.3% | $28,900 |
| 2023 | $2,554 | $28,900 |
| 2022 | $2,554 +649.1% | $28,900 |
| 2021 | $341 | $28,900 |
| 2020 | $341 | $28,900 |
| 2018 | $341 | $28,900 |
| 2017 | -- | $28,900 |
| 2016 | -- | $28,900 |
| 2015 | -- | $28,900 |
| 2014 | -- | $28,900 |
| 2013 | -- | $28,900 |
| 2012 | -- | $28,900 |
| 2011 | -- | $28,900 |
| 2010 | -- | $28,900 |
| 2004 | -- | $28,900 |
| 2003 | -- | $28,900 |
| 2002 | -- | $28,900 |
| 2000 | -- | $28,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 18015
Nearby schools
Schools provided by the listing agent
- District: Bethlehem
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



