Renovated Triplex with
For Sale
$475,000
155 Bushkill Drive, Easton, PA 18042
Renovated residential income property with separately leased attached garages and downtown access.
Property Size4,401 SF
Days on Market20
Property Features for 155 Bushkill Drive
General Information
Standard status
Active
Size
4,401 SF
Total Parking Spaces
5
Property subtype
Apartment
Units
Unit Mix
2 x apartment, 1 x studio
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,037
Building Details
Building Size
4,401 SF
Year Built
1900
Listing Agency:
Realty One Group Supreme
(610) 866-6363
Listed By:
Claudio T. Tiburcio
Source:
Bhhspaulfordrealtors
Added: Jul 26
Changed: Aug 12
Last Checked: Aug 13 at 10:58AM
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 Realty One Group Supreme
Investment Insights
Based on property information with market context.
This triplex includes two apartments and a studio, with renovated interiors and contemporary finishes throughout. Two of the three residences are occupied, while the studio can support an additional tenancy or owner use. The property also includes five attached garage spaces that are leased independently from the residential units, creating a separate parking or storage component.
Located in downtown Easton, the property is within walking distance of restaurants, shops, the Simon Silk Mill area, and waterfront access along the Delaware and Lehigh Rivers. Its residential layout, renovated condition, and separate garage leasing provide a mix of housing and ancillary income uses.
Located in downtown Easton, the property is within walking distance of restaurants, shops, the Simon Silk Mill area, and waterfront access along the Delaware and Lehigh Rivers. Its residential layout, renovated condition, and separate garage leasing provide a mix of housing and ancillary income uses.
Key Highlights
- Triplex configuration with two apartments and one studio
- Renovated interiors with modern finishes
- Two of three residential units currently occupied
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
$29,095
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
6.13%
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%
$581,900
$581.9K
Cap Rate 7%
$415,643
$415.6K
Cap Rate 9%
$323,278
$323.3K
Market Conditions
NOI Build-Up for 4,401 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
$44.9K $10.20/SF
− Vacancy
−$3.3K −$0.76/SF
EGI
$41.6K $9.44/SF
− OpEx
−$12.5K −$2.83/SF
NOI
$29.1K $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%
$581,900
Cap Rate 7%
$415,643
Cap Rate 9%
$323,278
Alternative Uses
Best Use
Multifamily LT 5
$415.6K
$363.7K – $484.9K
NOI $29,095 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$382.6K
$334.8K – $446.4K
NOI $26,781 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$834.7K
$730.4K – $973.9K
NOI $58,431 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,762
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?
Triplex - Renovated residential income property with separately leased attached garages and downtown access.
Where is this triplex located?
The property is located at 155 Bushkill Drive Easton, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Triplex configuration with two apartments and one studio; Renovated interiors with modern finishes; Two of three residential units currently occupied
