Mixed-Use Building with
1104 Butler Street, Easton, PA 18042
For Sale
$525,000
Two upstairs apartments each offer two bedrooms and separately metered utilities.
Property Size2,681 SF
Price / SF$195.82
Days on Market151
Property Features for 1104 Butler Street
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Morganelli Properties LLC
Listed By:
Emilio Montesdeoca
(484) 856-8200
Source:
Redstonerun
Added: Jun 11
Changed: Nov 7
Last Checked: Nov 7 at 2:37PM
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
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Investment Insights
Based on property information with market context.
This 2,681-square-foot mixed-use property combines a ground-floor restaurant with two two-bedroom apartments on the upper level. The building was constructed in 1908 and has been updated. Separate utilities serve the different spaces.
The property is located at 1104 Butler Street in Easton, Pennsylvania.
The property is located at 1104 Butler Street in Easton, Pennsylvania.
Key Highlights
- Restaurant space occupies the ground floor
- Two upper‑level apartments, each with two bedrooms
- 2,681 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,809
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,180
$556.2K
Cap Rate 7%
$397,271
$397.3K
Cap Rate 9%
$308,989
$309.0K
Market Conditions
NOI Build-Up for 2,681 SF
Gross rent
$40.2K $15.00/SF
− Vacancy
−$3.1K −$1.17/SF
EGI
$37.1K $13.83/SF
− OpEx
−$9.3K −$3.46/SF
NOI
$27.8K $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 Rate 5%
$556,180
Cap Rate 7%
$397,271
Cap Rate 9%
$308,989
Alternative Uses
Best Use
Specialty Retail
$397.3K
$347.6K – $463.5K
NOI $27,809 @ 7.0% cap · market cap 5.30%
Second Best
Mixed Use
$387.8K
$339.3K – $452.4K
NOI $27,145 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$508.5K
$444.9K – $593.3K
NOI $35,595 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,162
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
$205,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Northampton County, PA
Properties on Market for Mixed-use properties in Northampton County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs apartments each offer two bedrooms and separately metered utilities.
Where is this mixed-use property located?
The property is located at 1104 Butler Street Easton, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Restaurant space occupies the ground floor; Two upper‑level apartments, each with two bedrooms; 2,681 square feet
