Four-Story Mixed-Use
For Sale
$1,450,000
425 429 Northampton Street, Easton, PA 18042
CommercialSale, Easton, PA
Property Size8,382 SF
Price / SF$172.99
Days on Market881
Property Features for 425 429 Northampton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
BRI
Parking
8
Security features
Security
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
22 E, Exit 13th St. onto Wood Ave., Right on 10th St., left on Northampton St., property on left. Free parking in the back.
Subdivision
Easton
Standard status
Active
APN
L9SE2A 9 9 0310
Size
8,382 SF
Taxes and HOA fees
Tax Annual Amount
11619
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Cooling system
Window Unit(s), Wall Unit(s), Central Air
Water source
Public
Building Details
Year built
1900
Building materials
Brick, Masonry
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Annmarie Baker
(484) 764-8651
Added: Apr 1, 2024
Changed: Aug 19
Last Checked: Aug 29 at 7:06AM
MLS# 735423
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 four-story mixed-use property combines two separate commercial operations on the first level with three three-bedroom apartments above. The ground-floor component includes a restaurant and a grocery store, while the residential portion adds multifamily income space within the same building. Furniture, kitchen appliances, and business equipment are included. The structure dates to 1900 and uses brick and masonry construction, with natural gas and electric heating, window and wall units, and central air conditioning. Public water and public sewer serve the property.
Located in downtown Easton at 425–429 Northampton Street, the building offers access to Route 22 and I-78. Zoning is designated BRI, and the property is situated in Easton, Northampton County, Pennsylvania.
Located in downtown Easton at 425–429 Northampton Street, the building offers access to Route 22 and I-78. Zoning is designated BRI, and the property is situated in Easton, Northampton County, Pennsylvania.
Key Highlights
- Four‑story mixed‑use building with two first‑level businesses and three apartments
- Three 3‑bedroom apartments included in the residential component
- Separate restaurant and grocery store uses occupy the first level
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
$86,942
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
6.00%
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%
$1,738,840
$1.7M
Cap Rate 7%
$1,242,029
$1.2M
Cap Rate 9%
$966,022
$966.0K
Market Conditions
NOI Build-Up for 8,382 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
$125.7K $15.00/SF
− Vacancy
−$9.8K −$1.17/SF
EGI
$115.9K $13.83/SF
− OpEx
−$29.0K −$3.46/SF
NOI
$86.9K $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%
$1,738,840
Cap Rate 7%
$1,242,029
Cap Rate 9%
$966,022
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,942 @ 7.0% cap · market cap 6.00%
Second Best
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,868 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,286 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,707
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 - Street-level restaurant and grocery uses accompany three three-bedroom apartments in downtown Easton.
Where is this mixed-use property located?
The property is located at 425 429 Northampton Street Easton, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four‑story mixed‑use building with two first‑level businesses and three apartments; Three 3‑bedroom apartments included in the residential component; Separate restaurant and grocery store uses occupy the first level
