Two-Unit Duplex with Separate
New
For Sale
$325,000
139 S 9th St, Easton, PA 18042
Two residential units include existing occupancy, flexible bedroom layouts, basement storage, and private backyard access.
Property Size1,526 SF
Price / SF$212.98
Days on Market6
Property Features for 139 S 9th St
General Information
Standard status
Active
Size
1,526 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x 2/3BR
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Keller Williams Northampton
Listed By:
Matthew L. Bell
(610) 867-8888
Source:
Jennysoldmine
Added: Sep 7
Last Checked: Sep 11 at 2:00PM
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 Keller Williams Northampton
Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1,526 square feet. The first-floor apartment has one bedroom, spacious living areas, basement storage, and private access to the backyard. It is occupied by a long-term tenant and provides current rental income. The upper residence extends across the second and third floors and includes two to three bedrooms, an eat-in kitchen, multiple living areas, and additional third-floor space suitable for a private primary suite with ample closet capacity.
Each unit has separate utilities, supporting distinct management of the residences. The upper apartment offers room for updates and customization, while the property’s location near major roads provides access to shopping, dining, entertainment, and other Easton amenities.
Each unit has separate utilities, supporting distinct management of the residences. The upper apartment offers room for updates and customization, while the property’s location near major roads provides access to shopping, dining, entertainment, and other Easton amenities.
Key Highlights
- Two‑unit duplex totaling 1,526 square feet
- First‑floor 1‑bedroom apartment occupied by a long‑term tenant
- Upper apartment spans the 2nd and 3rd floors with 2 to 3 bedrooms
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
$10,088
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
3.10%
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%
$201,760
$201.8K
Cap Rate 7%
$144,114
$144.1K
Cap Rate 9%
$112,089
$112.1K
Market Conditions
NOI Build-Up for 1,526 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
$15.6K $10.20/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$14.4K $9.44/SF
− OpEx
−$4.3K −$2.83/SF
NOI
$10.1K $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%
$201,760
Cap Rate 7%
$144,114
Cap Rate 9%
$112,089
Alternative Uses
Best Use
Multifamily LT 5
$144.1K
$126.1K – $168.1K
NOI $10,088 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$132.7K
$116.1K – $154.8K
NOI $9,286 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$289.4K
$253.3K – $337.7K
NOI $20,260 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,228
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 - Two residential units include existing occupancy, flexible bedroom layouts, basement storage, and private backyard access.
Where is this duplex located?
The property is located at 139 S 9th St Easton, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,526 square feet; First‑floor 1‑bedroom apartment occupied by a long‑term tenant; Upper apartment spans the 2nd and 3rd floors with 2 to 3 bedrooms
