Renovated Mixed-Use
For Sale
$879,000
1101 Lehigh St, Easton, PA 18042
Three apartments accompany a leased storefront and two garages in a recently rebuilt mixed-use building.
Property Size3,452 SF
Price / SF$254.63
Days on Market9
Property Features for 1101 Lehigh St
General Information
Standard status
Active
Size
3,452 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,944
Building Details
Tenancy
Multi
Listing Agency:
Morganelli Properties LLC
(484) 280-8704
Listed By:
Ryan L. Romeo
(484) 280-8704
Source:
Exprealty
Added: Aug 4
Changed: Aug 12
Last Checked: Aug 12 at 4:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morganelli Properties LLC
Investment Insights
Based on property information with market context.
This 3,452-square-foot mixed-use property combines three residential apartments with a commercial storefront and two garages. The apartment mix includes two two-bedroom units and one one-bedroom unit. The storefront is fully leased and currently operates as a bodega, while one garage is leased and the other is owner-occupied.
The building was completely rebuilt within the last year, providing recently completed improvements across the property. Located at 1101 Lehigh St in Easton, Pennsylvania, the asset brings residential, retail, and garage components together within one property.
The building was completely rebuilt within the last year, providing recently completed improvements across the property. Located at 1101 Lehigh St in Easton, Pennsylvania, the asset brings residential, retail, and garage components together within one property.
Key Highlights
- 3,452‑square‑foot mixed‑use property at 1101 Lehigh St, Easton, PA
- Apartment mix includes two 2‑bedroom units and one 1‑bedroom unit
- Fully leased commercial storefront currently operating as a bodega
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
$34,952
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
3.98%
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%
$699,040
$699.0K
Cap Rate 7%
$499,314
$499.3K
Cap Rate 9%
$388,356
$388.4K
Market Conditions
NOI Build-Up for 3,452 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
$62.1K $18.00/SF
− Vacancy
−$6.2K −$1.80/SF
EGI
$55.9K $16.20/SF
− OpEx
−$21.0K −$6.07/SF
NOI
$35.0K $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%
$699,040
Cap Rate 7%
$499,314
Cap Rate 9%
$388,356
Alternative Uses
Best Use
Mixed Use
$499.3K
$436.9K – $582.5K
NOI $34,952 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$381.9K
$334.2K – $445.6K
NOI $26,735 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$654.7K
$572.9K – $763.9K
NOI $45,832 @ 7.0% cap · market cap 5.21%
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
1,099
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 - Three apartments accompany a leased storefront and two garages in a recently rebuilt mixed-use building.
Where is this mixed-use property located?
The property is located at 1101 Lehigh St Easton, PA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 3,452‑square‑foot mixed‑use property at 1101 Lehigh St, Easton, PA; Apartment mix includes two 2‑bedroom units and one 1‑bedroom unit; Fully leased commercial storefront currently operating as a bodega
