Two-Unit Duplex with Detached
For Sale
$345,000
112 13th Street, Easton, PA 18042
Fully occupied residential income property with two apartments and a separately rentable detached garage.
Property Size1,895 SF
Price / SF$182.06
Days on Market14
Property Features for 112 13th Street
General Information
Standard status
Active
Size
1,895 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,696
Building Details
Tenancy
Multi
Listing Agency:
BetterHomes&GardensRE/Cassidon
(610) 266-2661
Listed By:
Kyle Wagner
(610) 295-7835
Source:
Exprealty
Added: Aug 21
Changed: Sep 3
Last Checked: Sep 3 at 2:42AM
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 BetterHomes&GardensRE/Cassidon
Investment Insights
Based on property information with market context.
This 1,895-square-foot duplex in Easton, PA, contains two occupied apartments. The first-floor residence offers 2 bedrooms and 1 bathroom, while the second- and third-floor residence also includes 2 bedrooms and 1 bathroom. The third-floor bedroom is fully legal. The property has been maintained and updated over the years, with long-term tenants in place.
A detached 10.5' x 18' garage provides separate rental potential. The configuration combines two residential units with an additional standalone structure at 112 13th Street, offering a straightforward multifamily layout for an owner or investor.
A detached 10.5' x 18' garage provides separate rental potential. The configuration combines two residential units with an additional standalone structure at 112 13th Street, offering a straightforward multifamily layout for an owner or investor.
Key Highlights
- Two‑unit duplex with 1,895 square feet of property size
- Both apartments are fully occupied by long‑term tenants
- First‑floor apartment with 2 bedrooms and 1 bathroom
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
$12,528
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
3.63%
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%
$250,560
$250.6K
Cap Rate 7%
$178,971
$179.0K
Cap Rate 9%
$139,200
$139.2K
Market Conditions
NOI Build-Up for 1,895 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
$19.3K $10.20/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$17.9K $9.44/SF
− OpEx
−$5.4K −$2.83/SF
NOI
$12.5K $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 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%
$250,560
Cap Rate 7%
$178,971
Cap Rate 9%
$139,200
Alternative Uses
Best Use
Multifamily LT 5
$179.0K
$156.6K – $208.8K
NOI $12,528 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$164.7K
$144.1K – $192.2K
NOI $11,531 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$359.4K
$314.5K – $419.3K
NOI $25,160 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,134
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?
Duplex - Fully occupied residential income property with two apartments and a separately rentable detached garage.
Where is this duplex located?
The property is located at 112 13th Street Easton, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,895 square feet of property size; Both apartments are fully occupied by long‑term tenants; First‑floor apartment with 2 bedrooms and 1 bathroom
