Building Details

Building Size 3,903 SF

Year Built 1925

Tenancy Multi

Listing Agency: IronValley RE of Lehigh Valley

Listed By: Jesse S. Moyer Show Phone

Source: Bhhspaulfordrealtors

Added: Oct 5 Changed: Oct 7 Last Checked: Oct 7 at 2:19PM

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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 IronValley RE of Lehigh Valley

Investment Insights

Based on property information with market context.

This 1925 mixed-use building contains one commercial unit and two apartments. The commercial space measures over 1,400 square feet and is leased to a tenant with plans to remain. Residential space includes a three-bedroom, one-bath apartment with over 1,200 square feet and a one-bedroom, one-bath apartment of approximately 700 square feet. All three units are occupied, and tenants pay electric, heat, water, and sewer. The property is on Main Street in Northampton Borough, Pennsylvania, and is reported at a 9.5% cap rate.

Key Highlights

• One commercial unit and two occupied residential apartments
• Commercial space exceeds 1,400 square feet and has a tenant planning to remain
• Three‑bedroom, one‑bath apartment with over 1,200 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,751

Cap Rate

6.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$475,020 $475.0K

Cap Rate 7%

$339,300 $339.3K

Cap Rate 9%

$263,900 $263.9K

Market Conditions

NOI Build-Up for 3,903 SF

Gross rent

$46.8K $12.00/SF

− Vacancy

−$3.7K −$0.94/SF

EGI

$43.2K $11.06/SF

− OpEx

−$19.4K −$4.98/SF

NOI

$23.8K $6.09/SF

Area

Northampton County, PA

Vacancy

7.80%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$475,020

Cap Rate 7%

$339,300

Cap Rate 9%

$263,900

Alternative Uses

Best Use

Mixed Use

$564.5K

$494.0K – $658.6K (±1% cap)

NOI $39,518 @ 7.0% cap · market cap 11.29%

Second Best

Apartment 5plus

$339.3K

$296.9K – $395.9K (±1% cap)

NOI $23,751 @ 7.0% cap · market cap 6.79%

Theoretical Best

Office A

$740.3K

$647.7K – $863.7K (±1% cap)

NOI $51,819 @ 7.0% cap · market cap 14.81%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Hair Salon Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

555

Businesses Nearby

Explore this area Business Placement

Demographics for 18067, PA

19,800

Population

8,678

Households

2.3

Avg Household Size

44

Median Age

27%

College-Educated

95%

High-School Grad

25.5 sq mi

ZIP Area

776

Density / Sq Mi

$89,965

Median Household Income

$53,669

Median Earnings

$1,244

Median Rent

$265,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The occupied building combines one leased commercial unit with two residential apartments and tenant-paid utilities.

Where is this mixed-use property located?

The property is located at 1712 Main Street Northampton, 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: One commercial unit and two occupied residential apartments; Commercial space exceeds 1,400 square feet and has a tenant planning to remain; Three‑bedroom, one‑bath apartment with over 1,200 square feet