Mixed-Use Building with
For Sale
$335,000
1213 Washington Street Unit A, Easton, PA 18042
Remodeled mixed-use property combining commercial space, loft living, rooftop outdoor space, and food-service improvements.
Property Size1,100 SF
Price / SF$304.55
Days on Market381
Property Features for 1213 Washington Street Unit A
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Multi-Family / Apartment/5Plex+
Taxes and HOA fees
Annual Taxes
$3,160
Amenities
Electric
Central
Hardwood, Tile
Dishwasher, Dryer, Electric Cooktop, Gas Oven, Refrigerator, Washer
Eat-in Kitchen, High Speed Internet Available
No
Flat, Metal
Two
2
Slab
Public Records
Brick
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Cross Power Real Estate, LLC
(903) 355-0505
Listed By:
Patrice Tague · License #0649744
(903) 355-0505
Source:
Compass
Added: Aug 14, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:05PM
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 Cross Power Real Estate, LLC
Investment Insights
Based on property information with market context.
Originally built in 1920, this mixed-use building combines a commercial storefront with an upstairs residential loft. The lower level contains 1,896 square feet of commercial space with food-service infrastructure, including a three-compartment sink, hand-washing sink, preparation counters, topping compartments, a mop sink, storage, and one restroom. Double doors provide alley access for deliveries. Commercial equipment is available separately.
The 1,100-square-foot upper level offers loft-style living with one bedroom, two full bathrooms, a kitchen, appliances, and refinished hardwood floors. A covered rooftop porch adds outdoor space, while the roof has been replaced with metal within the last few years. Interior finishes include hardwood and tile, with central electric service and high-speed internet availability.
The 1,100-square-foot upper level offers loft-style living with one bedroom, two full bathrooms, a kitchen, appliances, and refinished hardwood floors. A covered rooftop porch adds outdoor space, while the roof has been replaced with metal within the last few years. Interior finishes include hardwood and tile, with central electric service and high-speed internet availability.
Key Highlights
- 1,896 SF downstairs commercial space with food‑service improvements
- 1,100 SF upstairs loft with one bedroom and two full bathrooms
- Three‑compartment sink, hand‑washing sink, prep counters, and topping compartments
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
$11,138
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
3.32%
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%
$222,760
$222.8K
Cap Rate 7%
$159,114
$159.1K
Cap Rate 9%
$123,756
$123.8K
Market Conditions
NOI Build-Up for 1,100 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
$19.8K $18.00/SF
− Vacancy
−$2.0K −$1.80/SF
EGI
$17.8K $16.20/SF
− OpEx
−$6.7K −$6.07/SF
NOI
$11.1K $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%
$222,760
Cap Rate 7%
$159,114
Cap Rate 9%
$123,756
Alternative Uses
Best Use
Mixed Use
$159.1K
$139.2K – $185.6K
NOI $11,138 @ 7.0% cap · market cap 3.32%
Second Best
Retail
$121.7K
$106.5K – $142.0K
NOI $8,519 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$208.6K
$182.6K – $243.4K
NOI $14,604 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,200
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled mixed-use property combining commercial space, loft living, rooftop outdoor space, and food-service improvements.
Where is this mixed-use property located?
The property is located at 1213 Washington Street Unit A Easton, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,896 SF downstairs commercial space with food‑service improvements; 1,100 SF upstairs loft with one bedroom and two full bathrooms; Three‑compartment sink, hand‑washing sink, prep counters, and topping compartments
