Renovated Mixed-Use
For Sale
$879,000
1101 Lehigh Street, Easton, PA 18042
Three apartments accompany a leased storefront and two garages in a recently rebuilt mixed-use building.
Property Size3,452 SF
Days on Market71
Property Features for 1101 Lehigh Street
General Information
Standard status
Active
Size
3,452 SF
Total Parking Spaces
2
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$9,944
Building Details
Building Size
3,452 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Morganelli Properties LLC
Listed By:
Ryan L. Romeo
(484) 280-8704
Source:
Bhhspaulfordrealtors
Added: Aug 4
Changed: Oct 7
Last Checked: Oct 12 at 11:48PM
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 / Yr
$34,952
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 Street 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
