Updated Duplex with Detached
For Sale
$345,000
112 N 13th St, Easton, PA 18042
Fully occupied residential income property with two apartments and a separately rentable garage.
Property Size1,895 SF
Price / SF$182.06
Days on Market28
Property Features for 112 N 13th St
General Information
Standard status
Active
Size
1,895 SF
Total Parking Spaces
1
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 13
Last Checked: Sep 15 at 2:24PM
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 duplex offers two residential apartments within a well-maintained building. The first-floor residence includes two bedrooms and one bathroom, while the upper apartment spans the second and third floors with the same bedroom and bathroom configuration. The third-floor bedroom is fully legal. Improvements have been completed over the years, and both units are occupied by long-term tenants.
A detached 10.5' x 18' garage provides a separate rental component. The property is located at 112 N 13th St in Easton, Pennsylvania, and its two-unit layout combines residential occupancy with additional garage space.
A detached 10.5' x 18' garage provides a separate rental component. The property is located at 112 N 13th St in Easton, Pennsylvania, and its two-unit layout combines residential occupancy with additional garage space.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- First‑floor apartment plus upper unit across the second and third floors
- Fully legal third‑floor bedroom
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
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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
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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?
Duplex - Fully occupied residential income property with two apartments and a separately rentable garage.
Where is this duplex located?
The property is located at 112 N 13th St 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 apartments, each with 2 bedrooms and 1 bathroom; First‑floor apartment plus upper unit across the second and third floors; Fully legal third‑floor bedroom
