Two-Unit Mixed-Use
For Sale
$350,000
1303 Northampton St, Easton, PA 18042
Street-level retail space is paired with a three-bedroom apartment across the upper floors.
Property Size2,190 SF
Price / SF$159.82
Days on Market57
Property Features for 1303 Northampton St
General Information
Standard status
Active
Size
2,190 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Stories
3
Listing Agency:
Harvey Z Raad Real Estate
Listed By:
Barbara Detres · License #RS325468
Source:
Jennysoldmine
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 7 at 2:04PM
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 Harvey Z Raad Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property contains two units within a 2,190-square-foot building constructed in 1900. The ground floor is zoned for retail and includes a street-level entrance with a flexible layout. The space was previously used as a smoke shop and can accommodate a range of retail operations, subject to applicable requirements.
A three-bedroom apartment occupies the second and third levels, creating a distinct residential component above the commercial space. The upper-floor layout supports a live-work configuration, while the separate unit arrangement may also suit an owner-user or investor seeking combined retail and residential space. The property is located at 1303 Northampton St in Easton, Pennsylvania.
A three-bedroom apartment occupies the second and third levels, creating a distinct residential component above the commercial space. The upper-floor layout supports a live-work configuration, while the separate unit arrangement may also suit an owner-user or investor seeking combined retail and residential space. The property is located at 1303 Northampton St in Easton, Pennsylvania.
Key Highlights
- 2,190‑square‑foot mixed‑use building constructed in 1900
- Two‑unit configuration with retail and residential components
- First‑floor space zoned for retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,716
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,320
$454.3K
Cap Rate 7%
$324,514
$324.5K
Cap Rate 9%
$252,400
$252.4K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$32.9K $15.00/SF
− Vacancy
−$2.6K −$1.17/SF
EGI
$30.3K $13.83/SF
− OpEx
−$7.6K −$3.46/SF
NOI
$22.7K $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%
$454,320
Cap Rate 7%
$324,514
Cap Rate 9%
$252,400
Alternative Uses
Best Use
Office B
$324.5K
$284.0K – $378.6K
NOI $22,716 @ 7.0% cap · market cap 6.49%
Second Best
Mixed Use
$316.8K
$277.2K – $369.6K
NOI $22,174 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$415.4K
$363.5K – $484.6K
NOI $29,076 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail space is paired with a three-bedroom apartment across the upper floors.
Where is this mixed-use property located?
The property is located at 1303 Northampton St Easton, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,190‑square‑foot mixed‑use building constructed in 1900; Two‑unit configuration with retail and residential components; First‑floor space zoned for retail
