Mixed-Use Arts Building with
230 Ferry Street Easton, PA 18042
For Sale
$3,470,000
MULTI_FAMILY - Easton, PA
Property Size32,434 SF
Lot Size0.32 Acres
Price / SF$106.99
Days on Market776
Property Features for 230 Ferry Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-RT-BUSINESS/REGIONAL TR
Parking
6
Parking features
On Street, Off Street
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
Forced Air, 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, Frame, Stone
Listing Agency:
BHHS Paul Ford Easton
(610) 253-6123
Listed By:
Clay R. Mitman · License #RM046330A
(610) 253-6123
Added: Jun 14, 2024
Changed: Jul 28
Last Checked: Jul 29 at 10:06AM
MLS# 739581
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 is approximately 40,000 square feet and includes gallery space, artist workshops, business offices, photography studios, fashion design space, and florist space. The property also contains a full fitness gym and two 3-bedroom residential apartments plus an efficiency apartment. A penthouse apartment on the top floor was previously occupied by the owner, and additional space on that level has been used as workshop and gallery space.
The building features a full sprinkler system throughout, including the basement, as well as a fully serviced freight elevator and several loading docks. Parking includes six off-street spaces and an interior courtyard, and a city parking deck is less than one block away.
The property is listed for sale at 230 Ferry Street in Easton, Pennsylvania. It has a downtown-to-College Hill walking trail named after Karl Stirner nearby, along with local restaurants and stores.
The building features a full sprinkler system throughout, including the basement, as well as a fully serviced freight elevator and several loading docks. Parking includes six off-street spaces and an interior courtyard, and a city parking deck is less than one block away.
The property is listed for sale at 230 Ferry Street in Easton, Pennsylvania. It has a downtown-to-College Hill walking trail named after Karl Stirner nearby, along with local restaurants and stores.
Key Highlights
- Mixed‑use arts building totaling approximately 40,000 SF, developed by artist Karl Stirner
- Multiple tenant uses include gallery space, artist workshops, business offices, photography studios, and fashion design space
- On‑site fitness gym plus a florist tenant
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use arts building includes gallery and studio space, a full fitness gym, and residential apartments with 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: Mixed‑use arts building totaling approximately 40,000 SF, developed by artist Karl Stirner; Multiple tenant uses include gallery space, artist workshops, business offices, photography studios, and fashion design space; On‑site fitness gym plus a florist tenant
