Mixed-Use Retail and Apartment
New
For Sale
$495,000
1813 Main St, Northampton, PA 18067
Income-producing commercial property combines retail space with an apartment and is fully leased.
Property Size4,917 SF
Price / SF$100.67
Days on Market3
Property Features for 1813 Main St
General Information
Standard status
Active
Size
4,917 SF
Zoning
Commercial Mixed
Occupancy
100%
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
SVN / Imperial Realty
(484) 245-1002
Listed By:
Gregg Marzano · License #RS297418
Source:
Jennysoldmine
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 25 at 7:44AM
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 SVN / Imperial Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines two retail units with an apartment component. The retail portion measures 1,680 SF, while the apartment is listed at 2,856+ SF. Constructed in 1940, the property is zoned Commercial Mixed and includes both commercial and residential elements within one asset.
The property is located at 1813 Main St in Northampton, Pennsylvania. It is fully leased and designated for investor buyers rather than owner occupancy. The existing configuration offers separate retail and residential components, providing a straightforward mixed-use format for continued operation.
The property is located at 1813 Main St in Northampton, Pennsylvania. It is fully leased and designated for investor buyers rather than owner occupancy. The existing configuration offers separate retail and residential components, providing a straightforward mixed-use format for continued operation.
Key Highlights
- Two retail units with 1,680 SF of retail space
- Apartment component listed at 2,856+ SF
- Fully leased mixed‑use property
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
$38,081
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
7.69%
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%
$761,620
$761.6K
Cap Rate 7%
$544,014
$544.0K
Cap Rate 9%
$423,122
$423.1K
Market Conditions
NOI Build-Up for 4,917 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
$59.0K $12.00/SF
− Vacancy
−$4.6K −$0.94/SF
EGI
$54.4K $11.06/SF
− OpEx
−$16.3K −$3.32/SF
NOI
$38.1K $7.74/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$12.00 /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%
$761,620
Cap Rate 7%
$544,014
Cap Rate 9%
$423,122
Alternative Uses
Best Use
Mixed Use
$711.2K
$622.3K – $829.8K
NOI $49,785 @ 7.0% cap · market cap 10.06%
Second Best
Retail
$544.0K
$476.0K – $634.7K
NOI $38,081 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$932.6K
$816.0K – $1.09M
NOI $65,282 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
13,402 visits/mo
0.2 miles
Truist
Shops & Services
2,713 visits/mo
0.1 miles
Wells Fargo
Shops & Services
2,327 visits/mo
0.1 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing commercial property combines retail space with an apartment and is fully leased.
Where is this mixed-use property located?
The property is located at 1813 Main St Northampton, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two retail units with 1,680 SF of retail space; Apartment component listed at 2,856+ SF; Fully leased mixed‑use property
