Mixed-Use Building with
For Sale
$349,900
37 S 7th Street, Easton, PA 18042
ResidentialIncome, Easton, PA
Property Size2,500 SF
Lot Size0.05 Acres
Price / SF$139.96
Days on Market113
Property Features for 37 S 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
10RMD
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Garage
Subdivision
Not in Development
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
East on Northampton Street to Left on 7th Street
Standard status
Active
APN
L9SE1B 9 1 0310
Size
2,500 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
1974
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Baseboard, Oil, Electric (Heating)
Water source
Public
Building Details
Year built
1988
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Carpet
Building materials
VinylSiding
Listing Agency:
RE/MAX Unlimited Real Estate · RE/MAX International
(610) 266-4000
Listed By:
Timothy F Heimbach
(610) 266-5234
Added: May 9
Changed: Aug 26
Last Checked: Aug 29 at 11:06AM
MLS# 776724
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 2,500-square-foot mixed-use property contains three apartments and two storefronts. The building dates to 1988 and features vinyl siding, hardwood and carpet flooring, a garage, and a combination of electric baseboard and oil heat. Two apartments use electric baseboard systems, while the third uses oil heat.
The property is currently vacant and has no rent history. The commercial spaces previously accommodated a lottery and cigarette shop and a hot dog stand. Public water and sewer serve the property, which is zoned 10RMD. The sale is on an as-is basis, with the buyer responsible for certificate-of-occupancy repairs.
The property is currently vacant and has no rent history. The commercial spaces previously accommodated a lottery and cigarette shop and a hot dog stand. Public water and sewer serve the property, which is zoned 10RMD. The sale is on an as-is basis, with the buyer responsible for certificate-of-occupancy repairs.
Key Highlights
- 2,500‑square‑foot mixed‑use building with three apartments and two storefronts
- 0.048‑acre property zoned 10RMD
- Currently vacant with no rent history
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
$25,313
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
7.23%
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%
$506,260
$506.3K
Cap Rate 7%
$361,614
$361.6K
Cap Rate 9%
$281,256
$281.3K
Market Conditions
NOI Build-Up for 2,500 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
$45.0K $18.00/SF
− Vacancy
−$4.5K −$1.80/SF
EGI
$40.5K $16.20/SF
− OpEx
−$15.2K −$6.07/SF
NOI
$25.3K $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%
$506,260
Cap Rate 7%
$361,614
Cap Rate 9%
$281,256
Alternative Uses
Best Use
Mixed Use
$361.6K
$316.4K – $421.9K
NOI $25,313 @ 7.0% cap · market cap 7.23%
Second Best
Retail
$276.6K
$242.0K – $322.7K
NOI $19,362 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$474.2K
$414.9K – $553.2K
NOI $33,192 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,711
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?
Mixed-use property - Vacant property combining apartment and commercial components, with public utilities and garage parking.
Where is this mixed-use property located?
The property is located at 37 S 7th Street Easton, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,500‑square‑foot mixed‑use building with three apartments and two storefronts; 0.048‑acre property zoned 10RMD; Currently vacant with no rent history
