Semi-Detached
For Sale
$299,900
1917 1/2 Ferry Street, Easton, PA 18042
MULTI_FAMILY - Easton, PA
Property Size1,766 SF
Lot Size0.06 Acres
Price / SF$169.82
Days on Market53
Property Features for 1917 1/2 Ferry Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
37R2
Subdivision
Not in Development
Elementary school district
Wilson
Middle school district
Wilson
High school district
Wilson
Directions
From Allentown: Get on US-22 E in Fullerton from American Pkwy and Fullerton Ave. Follow US-22 E to Wood Ave in Palmer Township. Take the 25th Street exit from US-22 E. Drive to Ferry St in Wilson
Standard status
Active
APN
L9SW2D-2-8-0837
Size
1,766 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3905
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Electric (Heating), Natural Gas
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Year built
1926
Floors in Building
3
Number of units
2
Building materials
Brick, VinylSiding
Listing Agency:
Realty One Group Supreme
(610) 321-3730
Listed By:
Austin Brown
(484) 531-7300
Added: Jul 3
Changed: Aug 4
Last Checked: Aug 24 at 3:06AM
MLS# 780074
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.
Semi-detached duplex at 1917 1/2 Ferry Street in Easton, PA 18042, built in 1926. The property is fully occupied and configured with a spacious 1-bedroom apartment on the first floor and a 2-bedroom apartment on the second/third floors. Heating includes natural gas and electric, with window unit cooling and ceiling fans. Construction materials are brick and vinyl siding.
Tenant-paid utilities include heat and electric. The landlord is responsible for water, sewer, and trash. Outside, tenants enjoy a large backyard, and the upper unit includes a private deck.
Public services include public water and public sewer. The property sits on a 0.06-acre lot and is sized at 1,766 square feet. Zoning is listed as 37R2.
Tenant-paid utilities include heat and electric. The landlord is responsible for water, sewer, and trash. Outside, tenants enjoy a large backyard, and the upper unit includes a private deck.
Public services include public water and public sewer. The property sits on a 0.06-acre lot and is sized at 1,766 square feet. Zoning is listed as 37R2.
Key Highlights
- Fully occupied semi‑detached duplex with a 1‑bedroom first‑floor unit and 2‑bedroom second/third‑floor unit
- Tenants pay their own heat and electric; landlord pays water, sewer, and trash
- Natural gas and electric heating plus window AC units and ceiling fans
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
$11,675
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
3.89%
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%
$233,500
$233.5K
Cap Rate 7%
$166,786
$166.8K
Cap Rate 9%
$129,722
$129.7K
Market Conditions
NOI Build-Up for 1,766 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 $10.20/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$16.7K $9.44/SF
− OpEx
−$5.0K −$2.83/SF
NOI
$11.7K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$233,500
Cap Rate 7%
$166,786
Cap Rate 9%
$129,722
Alternative Uses
Best Use
Multifamily LT 5
$166.8K
$145.9K – $194.6K
NOI $11,675 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$153.5K
$134.3K – $179.1K
NOI $10,746 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$335.0K
$293.1K – $390.8K
NOI $23,447 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,211
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied semi-detached duplex with mixed heating; tenants pay heat and electric while the landlord pays water, sewer, and trash.
Where is this duplex located?
The property is located at 1917 1/2 Ferry Street Easton, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Fully occupied semi‑detached duplex with a 1‑bedroom first‑floor unit and 2‑bedroom second/third‑floor unit; Tenants pay their own heat and electric; landlord pays water, sewer, and trash; Natural gas and electric heating plus window AC units and ceiling fans
