Duplex with Rear Parking
For Sale
$350,000
Pending
2-825 Lehigh St, Easton, PA 18042
Detached two-unit property with separate heat and electric utilities and flexible occupancy configurations.
Property Size3,217 SF
Days on Market17
Property Features for 2-825 Lehigh St
General Information
Standard status
Pending
Size
3,217 SF
Total Parking Spaces
7
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,371
Building Details
Buildings
1
Listing Agency:
EXP Realty LLC
(484) 350-5463
Listed By:
Sian Bellows
(484) 350-5463
Source:
Exprealty
Added: Aug 7
Changed: Aug 22
Last Checked: Aug 23 at 5:34AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This detached duplex contains two separate residential units totaling 3,217 square feet. The first unit is approved as an efficiency unit with maximum permitted occupancy of three and is currently arranged with 2 bedrooms, 2 bathrooms, additional flexible-use rooms, basement access, and a basement bathroom. The second unit includes 4 bedrooms and 2 full bathrooms.
Separate utilities serve the heating and electric systems. A rear parking area accommodates 7 vehicles, with additional off-street parking available. The property is located in Easton's West Ward District near downtown restaurants and shopping, schools, major highways, and public transportation. The property is being sold AS IS, and the buyer is responsible for obtaining a Certificate of Occupancy from the City of Easton.
Separate utilities serve the heating and electric systems. A rear parking area accommodates 7 vehicles, with additional off-street parking available. The property is located in Easton's West Ward District near downtown restaurants and shopping, schools, major highways, and public transportation. The property is being sold AS IS, and the buyer is responsible for obtaining a Certificate of Occupancy from the City of Easton.
Key Highlights
- Two‑unit detached property totaling 3,217 square feet
- First unit approved as an efficiency unit with maximum permitted occupancy of three
- Second unit includes 4 bedrooms and 2 full bathrooms
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
$21,267
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
6.08%
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%
$425,340
$425.3K
Cap Rate 7%
$303,814
$303.8K
Cap Rate 9%
$236,300
$236.3K
Market Conditions
NOI Build-Up for 3,217 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
$32.8K $10.20/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$30.4K $9.44/SF
− OpEx
−$9.1K −$2.83/SF
NOI
$21.3K $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%
$425,340
Cap Rate 7%
$303,814
Cap Rate 9%
$236,300
Alternative Uses
Best Use
Multifamily LT 5
$303.8K
$265.8K – $354.5K
NOI $21,267 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,576 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$610.2K
$533.9K – $711.9K
NOI $42,711 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,724
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?
Duplex - Detached two-unit property with separate heat and electric utilities and flexible occupancy configurations.
Where is this duplex located?
The property is located at 2-825 Lehigh St Easton, 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: Two‑unit detached property totaling 3,217 square feet; First unit approved as an efficiency unit with maximum permitted occupancy of three; Second unit includes 4 bedrooms and 2 full bathrooms
