Building Details

Year Built 1900

Buildings 1

Listing Agency: Keller Williams Real Estate - Bethlehem

Listed By: Kelly Houston · License #405412 Show Phone

Source: Viewmarylandhomesforsale

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 16 at 9:29AM

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Investment Insights

Based on property information with market context.

This 1,575-square-foot duplex, built in 1900, contains two apartments. The first-floor residence has one bedroom, a living room, a kitchen, and direct access to the backyard. Upstairs, a two-bedroom apartment includes additional attic storage or flexible-use space. Laminate flooring, high ceilings, and natural light are noted in the property, along with a well-appointed kitchen.

The property is located at 1039 Washington St in Easton, Pennsylvania, near shopping, restaurants, schools, and parks.

Key Highlights

• Two apartments: a one‑bedroom first‑floor unit and a two‑bedroom second‑floor unit
• 1,575 square feet; built in 1900
• First‑floor apartment opens directly to the backyard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,412

Cap Rate

3.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$208,240 $208.2K

Cap Rate 7%

$148,743 $148.7K

Cap Rate 9%

$115,689 $115.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,575 SF

Gross rent

$16.1K $10.20/SF

− Vacancy

−$1.2K −$0.76/SF

EGI

$14.9K $9.44/SF

− OpEx

−$4.5K −$2.83/SF

NOI

$10.4K $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 Rate 5%

$208,240

Cap Rate 7%

$148,743

Cap Rate 9%

$115,689

Alternative Uses

Best Use

Multifamily LT 5

$148.7K

$130.2K – $173.5K (±1% cap)

NOI $10,412 @ 7.0% cap · market cap 3.00%

Second Best

Apartment 5plus

$136.9K

$119.8K – $159.7K (±1% cap)

NOI $9,584 @ 7.0% cap · market cap 2.76%

Theoretical Best

Office A

$298.7K

$261.4K – $348.5K (±1% cap)

NOI $20,911 @ 7.0% cap · market cap 6.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Computer & Electronic Repair Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,090

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate apartments offer one- and two-bedroom layouts, with backyard access from the lower unit.

Where is this duplex located?

The property is located at 1039 Washington St Easton, PA.

What is the asking price?

The asking price for this property is $347,000.

What are key features of this property?

This property features: Two apartments: a one‑bedroom first‑floor unit and a two‑bedroom second‑floor unit; 1,575 square feet; built in 1900; First‑floor apartment opens directly to the backyard