Two-Unit Mixed-Use
For Sale
$350,000
1303 Northampton Street, Easton, PA 18042
CommercialSale, Easton, PA
Property Size1,200 SF
Lot Size0.08 Acres
Price / SF$291.67
Days on Market392
Property Features for 1303 Northampton Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B-Ns-Business/Neighborhoo
Parking
2
Parking features
Driveway
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
Subdivision
Easton
Standard status
Active
APN
L9SW2B 15 12 0310
Size
1,200 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
10097
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Natural Gas, Electric (Heating)
Cooling system
Ceiling Fan(s), Ductless
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 26, 2025
Changed: Sep 12
Last Checked: Sep 21 at 1:06AM
MLS# 763639
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.
Located at 1303 Northampton Street in Easton, this 2-unit mixed-use property combines ground-floor commercial space with a residential component. The first level carries retail zoning and includes a street-facing entrance, while a three-bedroom apartment occupies the second and third floors. The layout accommodates both business operations and residential use within one building.
The property contains 1200 square feet on a 0.078-acre lot. Brick construction dates to 1900, with a driveway providing on-site parking. Public water and public sewer serve the property, and heating includes ductless, electric, and natural gas systems. Cooling is provided through ductless equipment and ceiling fans. The zoning designation is B-Ns-Business/Neighborhoo.
The property contains 1200 square feet on a 0.078-acre lot. Brick construction dates to 1900, with a driveway providing on-site parking. Public water and public sewer serve the property, and heating includes ductless, electric, and natural gas systems. Cooling is provided through ductless equipment and ceiling fans. The zoning designation is B-Ns-Business/Neighborhoo.
Key Highlights
- 2‑unit mixed‑use property with retail space and a three‑bedroom apartment
- First‑floor retail zoning with a street‑level 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
$12,447
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
3.56%
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%
$248,940
$248.9K
Cap Rate 7%
$177,814
$177.8K
Cap Rate 9%
$138,300
$138.3K
Market Conditions
NOI Build-Up for 1,200 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
$18.0K $15.00/SF
− Vacancy
−$1.4K −$1.17/SF
EGI
$16.6K $13.83/SF
− OpEx
−$4.1K −$3.46/SF
NOI
$12.4K $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%
$248,940
Cap Rate 7%
$177,814
Cap Rate 9%
$138,300
Alternative Uses
Best Use
Office B
$177.8K
$155.6K – $207.5K
NOI $12,447 @ 7.0% cap · market cap 3.56%
Second Best
Mixed Use
$173.6K
$151.9K – $202.5K
NOI $12,150 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$227.6K
$199.2K – $265.5K
NOI $15,932 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
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 zoning on the first floor is paired with a three-bedroom upper-level residence for an on-site live-work setup.
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‑unit mixed‑use property with retail space and a three‑bedroom apartment; First‑floor retail zoning with a street‑level entrance; Three‑bedroom apartment spans the second and third floors
