Mixed-Use Arts
For Sale
$3,470,000
230 Ferry Street, Easton, PA 18042
SINGLE_FAMILY - Easton, PA
Property Size32,434 SF
Lot Size0.32 Acres
Price / SF$106.99
Days on Market779
Property Features for 230 Ferry Street
General Information
Property type
Residential
Property subtype
Office
Zoning
DD Downtown District
Parking
6
Parking features
On Street, Off Street
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
From Centre Sq, left on Ferry St.
Subdivision
Easton
Standard status
Active
APN
L9SE2B 13 1 0310
Size
32,434 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
25765
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1857
Number of units
16
Building materials
Brick, Block, Frame, Concrete, Stone
Roof type
Flat
Listing Agency:
BHHS Paul Ford Easton · Prudential Real Estate
(610) 253-6123
Listed By:
Clay R. Mitman · License #RM046330A
(610) 253-6123
Added: Jun 14, 2024
Changed: Jul 28
Last Checked: Aug 1 at 4:06AM
MLS# 739580
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.
Investment Insights
Based on property information with market context.
This mixed-use arts building was developed as a regional arts center and includes a range of gallery and creative spaces, artist workshops, business offices, photography studios, a full fitness gym, fashion design space, and a florist. Residential components include two 3-bedroom apartments and an efficiency apartment, along with a top-floor penthouse apartment that was previously owner-occupied. The building also features a full sprinkler system throughout, including the basement, as well as an all-floor fully serviced freight elevator and several loading docks.
The property sits in the City of Easton within the DD Downtown District zoning classification. There are six off-street parking spaces plus an interior courtyard, and a city parking deck is described as less than one block away.
Overall, the layout supports both live-and-work use and a variety of commercial occupancy types under one roof, with dedicated building infrastructure for movement of goods and services.
The property sits in the City of Easton within the DD Downtown District zoning classification. There are six off-street parking spaces plus an interior courtyard, and a city parking deck is described as less than one block away.
Overall, the layout supports both live-and-work use and a variety of commercial occupancy types under one roof, with dedicated building infrastructure for movement of goods and services.
Key Highlights
- Approximately 40,000 sq ft mixed‑use arts building with gallery space, artist workshops, offices, photography studios, and multiple tenant spaces
- Income‑producing layout includes two 3‑bedroom residential apartments plus an efficiency apartment
- Penthouse apartment on the top floor with views of the Delaware River and the mountains
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $389.2k | $12.00 |
| − Vacancy | −$30.4k | −$0.94 |
| EGI | $358.8k | $11.06 |
| − OpEx | −$161.5k | −$4.98 |
| NOI | $197.4k | $6.09 |
32,434 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Office B
$4.81M
$4.21M – $5.61M
NOI $336,422 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$2.82M
$2.47M – $3.29M
NOI $197,367 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$6.15M
$5.38M – $7.18M
NOI $430,620 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,571
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use building with gallery, studios, offices, fitness, and residential apartments, supported by sprinkler system and freight elevator.
Where is this apartment building located?
The property is located at 230 Ferry Street Easton, PA.
What is the asking price?
The asking price for this property is $3,470,000.
What are key features of this property?
This property features: Approximately 40,000 sq ft mixed‑use arts building with gallery space, artist workshops, offices, photography studios, and multiple tenant spaces; Income‑producing layout includes two 3‑bedroom residential apartments plus an efficiency apartment; Penthouse apartment on the top floor with views of the Delaware River and the mountains
