Mixed-Use 2-Unit
For Sale
$350,000
1303 northampton Street, Easton, PA 18042
ResidentialIncome, Easton, PA
Property Size2,190 SF
Lot Size0.08 Acres
Price / SF$159.82
Days on Market394
Property Features for 1303 northampton Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
B-Ns-Business/Neighborhoo
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking
2
Security features
Security
Subdivision
Not in Development
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
22E to Easton, take 13th St Exit, straight onto Wood Ave, right onto N. 13th St, right onto Northampton St, property on the right
Standard status
Active
APN
L9SW2B 15 12 0310
Size
2,190 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
10097
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Listing Agency:
Harvey Z Raad Real Estate
(610) 433-5551
Listed By:
Barbara Detres
(570) 778-8951
Added: Aug 24, 2025
Changed: Sep 12
Last Checked: Sep 21 at 1:06AM
MLS# 763494
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,190-square-foot mixed-use building combines a street-level retail area with a three-bedroom apartment occupying the second and third floors. The commercial portion has a direct entrance from the sidewalk and was formerly used as a smoke shop. The upper residence includes three bedrooms and two bathrooms, providing a distinct residential component within the same property.
Located at 1303 Northampton Street in Easton, Pennsylvania, the property carries B-Ns-Business/Neighborhoo zoning and includes public water and public sewer service. Brick construction, natural-gas heating, and window-unit cooling are reported. Built in 1900, the building sits on a 0.078-acre lot and offers a live-work configuration or separate commercial and residential use, subject to applicable zoning requirements.
Located at 1303 Northampton Street in Easton, Pennsylvania, the property carries B-Ns-Business/Neighborhoo zoning and includes public water and public sewer service. Brick construction, natural-gas heating, and window-unit cooling are reported. Built in 1900, the building sits on a 0.078-acre lot and offers a live-work configuration or separate commercial and residential use, subject to applicable zoning requirements.
Key Highlights
- 2,190‑square‑foot mixed‑use building on a 0.078‑acre lot
- Street‑level first‑floor retail area with direct sidewalk entrance
- Three‑bedroom apartment spans the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,320
$454.3K
Cap Rate 7%
$324,514
$324.5K
Cap Rate 9%
$252,400
$252.4K
Market Conditions
NOI Build-Up for 2,190 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.9K $15.00/SF
− Vacancy
−$2.6K −$1.17/SF
EGI
$30.3K $13.83/SF
− OpEx
−$7.6K −$3.46/SF
NOI
$22.7K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,320
Cap Rate 7%
$324,514
Cap Rate 9%
$252,400
Alternative Uses
Best Use
Office B
$324.5K
$284.0K – $378.6K
NOI $22,716 @ 7.0% cap · market cap 6.49%
Second Best
Mixed Use
$316.8K
$277.2K – $369.6K
NOI $22,174 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$415.4K
$363.5K – $484.6K
NOI $29,076 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 18042, PA
44,026
Population
17,932
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
1,992
Density / Sq Mi
$75,806
Median Household Income
$40,015
Median Earnings
$1,245
Median Rent
$205,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail-zoned ground-floor space is paired with a three-bedroom apartment across the upper levels.
Where is this mixed-use property located?
The property is located at 1303 northampton Street Easton, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,190‑square‑foot mixed‑use building on a 0.078‑acre lot; Street‑level first‑floor retail area with direct sidewalk entrance; Three‑bedroom apartment spans the second and third floors
