Mixed-Use Two-Unit Property with
For Sale
$350,000
1303 northampton Street, Easton, PA 18042
MULTI_FAMILY - Easton, PA
Property Size2,190 SF
Lot Size0.08 Acres
Price / SF$159.82
Days on Market348
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 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 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
(610) 433-5551
Added: Aug 24, 2025
Changed: Aug 1
Last Checked: Aug 6 at 2:06PM
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 mixed-use two-unit property pairs retail space on the first floor with a residential apartment above, arranged across the second and third levels. The building is brick and includes a street-level entrance for customer access to the retail area, which is zoned for retail and was previously utilized as a smoke shop. The upper floors provide a well-maintained, spacious three-bedroom apartment layout suitable for live-work or rental use.
The property sits on a 0.078-acre lot and includes 2,190 square feet of building space. It was built in 1900 and is served by public water and public sewer. Heating is provided by natural gas, and cooling is via window unit(s).
With a flexible mixed-use configuration, the building supports on-site commercial operation while retaining a residential component overhead.
The property sits on a 0.078-acre lot and includes 2,190 square feet of building space. It was built in 1900 and is served by public water and public sewer. Heating is provided by natural gas, and cooling is via window unit(s).
With a flexible mixed-use configuration, the building supports on-site commercial operation while retaining a residential component overhead.
Key Highlights
- Two‑unit mixed‑use building with retail‑zoned first floor plus three‑bedroom apartment on second and third levels
- Street‑level entrance to the retail space
- 0.078‑acre lot with 2,190 SF building area
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
$22,174
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
6.34%
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%
$443,480
$443.5K
Cap Rate 7%
$316,771
$316.8K
Cap Rate 9%
$246,378
$246.4K
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
$39.4K $18.00/SF
− Vacancy
−$3.9K −$1.80/SF
EGI
$35.5K $16.20/SF
− OpEx
−$13.3K −$6.07/SF
NOI
$22.2K $10.13/SF
Area
Northampton County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$443,480
Cap Rate 7%
$316,771
Cap Rate 9%
$246,378
Alternative Uses
Best Use
Mixed Use
$316.8K
$277.2K – $369.6K
NOI $22,174 @ 7.0% cap · market cap 6.34%
Second Best
Retail
$242.3K
$212.0K – $282.7K
NOI $16,961 @ 7.0% cap · market cap 4.85%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,114
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail-zoned first floor with street-level access plus a three-bedroom apartment across the second and third levels in Easton.
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: Two‑unit mixed‑use building with retail‑zoned first floor plus three‑bedroom apartment on second and third levels; Street‑level entrance to the retail space; 0.078‑acre lot with 2,190 SF building area
