Renovated Duplex With Two-Bay
For Sale
$399,000
1319 NORTHAMPTON STREET, Easton, PA 18042
Updated systems, flexible unit layouts, and a detached garage support both rental and owner-occupant use.
Property Size2,221 SF
Price / SF$179.65
Days on Market18
Property Features for 1319 NORTHAMPTON STREET
General Information
Standard status
Active
Size
2,221 SF
Property subtype
Duplex
Building Details
Year Built
1900
Listing Agency:
Real of Pennsylvania
(267) 800-4747
Listed By:
Cameron W Reinoso · License #RS358797
(267) 800-4747
Source:
Cummingsrealtors
Added: Jul 26
Changed: Aug 12
Last Checked: Aug 12 at 6:05AM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This renovated duplex at 1319 Northampton Street includes two residential units with distinct layouts. Unit One has 2 bedrooms and 1 full bathroom and is currently occupied. The larger Unit Two offers 3 bedrooms, 1 full bathroom, stainless steel appliances, tall ceilings, and generous living areas, along with an unfinished attic that may support additional living space. The property was built in 1900 and measures 2,221 square feet.
Recent work includes a new flat roof, a new roof on the detached garage, replacement of the sewer lateral, and additional improvements throughout the building. The detached two-bay garage includes a bathroom and existing plumbing for a shower, providing storage and workspace capacity. The property is near coffee shops, restaurants, public parks, schools, and major commuter routes in Easton, with proximity to New Jersey and New York.
Recent work includes a new flat roof, a new roof on the detached garage, replacement of the sewer lateral, and additional improvements throughout the building. The detached two-bay garage includes a bathroom and existing plumbing for a shower, providing storage and workspace capacity. The property is near coffee shops, restaurants, public parks, schools, and major commuter routes in Easton, with proximity to New Jersey and New York.
Key Highlights
- 2,221‑square‑foot duplex built in 1900
- Two units: 2 bedrooms/1 full bathroom and 3 bedrooms/1 full bathroom
- Unit One is currently occupied; Unit Two is vacant and ready for occupancy
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
$14,683
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
3.68%
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%
$293,660
$293.7K
Cap Rate 7%
$209,757
$209.8K
Cap Rate 9%
$163,144
$163.1K
Market Conditions
NOI Build-Up for 2,221 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
$22.7K $10.20/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$21.0K $9.44/SF
− OpEx
−$6.3K −$2.83/SF
NOI
$14.7K $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%
$293,660
Cap Rate 7%
$209,757
Cap Rate 9%
$163,144
Alternative Uses
Best Use
Multifamily LT 5
$209.8K
$183.5K – $244.7K
NOI $14,683 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$193.1K
$168.9K – $225.3K
NOI $13,515 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$421.3K
$368.6K – $491.5K
NOI $29,488 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,114
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 - Updated systems, flexible unit layouts, and a detached garage support both rental and owner-occupant use.
Where is this duplex located?
The property is located at 1319 NORTHAMPTON STREET Easton, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,221‑square‑foot duplex built in 1900; Two units: 2 bedrooms/1 full bathroom and 3 bedrooms/1 full bathroom; Unit One is currently occupied; Unit Two is vacant and ready for occupancy
