Tenant-Occupied
1503 Lehigh Street, Easton, PA 18042
For Sale
New
$325,000
ResidentialIncome, Easton, PA
Property Size2,520 SF
Lot Size0.06 Acres
Price / SF$128.97
Days on Market6
Property Features for 1503 Lehigh Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
W/D hookup
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
Realty One Group Supreme
(610) 321-3730
Listed By:
Hans P. Gildein
(484) 531-7300
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 787614
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,520-square-foot duplex, built in 1920, contains two occupied apartments with tenants on annual leases who wish to remain. Core utilities are split. Washer and dryer connections are available in the first unit and in the basement. A rear garage provides off-street parking and is currently leased to the downstairs tenant.
The property occupies a 0.061-acre lot and is frame construction, with public water and sewer. Heating includes hot water, electric, natural gas and baseboard systems; wall units provide cooling. The sale is as-is, and responsibility for required municipal repairs rests with the buyer. The property is zoned 37R2.
The property occupies a 0.061-acre lot and is frame construction, with public water and sewer. Heating includes hot water, electric, natural gas and baseboard systems; wall units provide cooling. The sale is as-is, and responsibility for required municipal repairs rests with the buyer. The property is zoned 37R2.
Key Highlights
- 2,520‑square‑foot duplex with both apartments occupied under annual leases
- Core utilities are split between the apartments
- Rear garage provides off‑street parking and is leased to the downstairs tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,660
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,200
$333.2K
Cap Rate 7%
$238,000
$238.0K
Cap Rate 9%
$185,111
$185.1K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$25.7K $10.20/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$23.8K $9.44/SF
− OpEx
−$7.1K −$2.83/SF
NOI
$16.7K $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 Rate 5%
$333,200
Cap Rate 7%
$238,000
Cap Rate 9%
$185,111
Alternative Uses
Best Use
Multifamily LT 5
$238.0K
$208.3K – $277.7K
NOI $16,660 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,335 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$478.0K
$418.2K – $557.6K
NOI $33,458 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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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
$205,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Easton, PA
Properties on Market for Duplexes in Easton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Core utility services are divided, with washer and dryer connections in one apartment and the basement.
Where is this duplex located?
The property is located at 1503 Lehigh Street 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: 2,520‑square‑foot duplex with both apartments occupied under annual leases; Core utilities are split between the apartments; Rear garage provides off‑street parking and is leased to the downstairs tenant
