26 South 5th Street, Easton, PA 18042

Building Details

Building Size 3,724 SF More

Year Built 1880 More

Buildings 1 More

Tenancy Multi More

Listing Agency: Morganelli Properties LLC

Listed By: Frank A. Morici I Show Phone

Source: Bhhspaulfordrealtors

Added: Apr 25, 2025 Changed: Nov 7 Last Checked: Nov 7 at 1:57PM

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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 Morganelli Properties LLC

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Investment Insights

Based on property information with market context.

Built in 1880, this mixed-use property contains three units: a first-floor one-bedroom apartment, a second-floor two-bedroom apartment, and a street-level retail or office space with a two-bedroom apartment above. The property is fully occupied and has mixed-use zoning.

The building is in Easton, near restaurants, shops, the State Theatre, and downtown nightlife. Major commuting routes are also accessible from the area.

Key Highlights

• Fully occupied mixed‑use property
• Three units: one 1‑bedroom apartment, one 2‑bedroom apartment, and a retail or office space with a 2‑bedroom apartment above
• Mixed‑use zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,706

Cap Rate

5.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$754,120 $754.1K

Cap Rate 7%

$538,657 $538.7K

Cap Rate 9%

$418,956 $419.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,724 SF

Gross rent

$67.0K $18.00/SF

− Vacancy

−$6.7K −$1.80/SF

EGI

$60.3K $16.20/SF

− OpEx

−$22.6K −$6.07/SF

NOI

$37.7K $10.13/SF

Area

Northampton County, PA

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$754,120

Cap Rate 7%

$538,657

Cap Rate 9%

$418,956

Alternative Uses

Best Use

Mixed Use

$538.7K

$471.3K – $628.4K (±1% cap)

NOI $37,706 @ 7.0% cap · market cap 5.20%

Second Best

Retail

$412.0K

$360.5K – $480.7K (±1% cap)

NOI $28,842 @ 7.0% cap · market cap 3.98%

Theoretical Best

Office A

$706.3K

$618.0K – $824.1K (±1% cap)

NOI $49,443 @ 7.0% cap · market cap 6.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Daycare Center Pharmacy Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,707

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

Average Price Trend$/SF for Mixed-use properties in Northampton County, PA

$129 Jul

$147 Aug

$147 Sep

$151 Oct

Properties on Market for Mixed-use properties in Northampton County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three units include two apartments and a combined retail or office space with an apartment above.

Where is this mixed-use property located?

The property is located at 26 South 5th Street Easton, PA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Fully occupied mixed‑use property; Three units: one 1‑bedroom apartment, one 2‑bedroom apartment, and a retail or office space with a 2‑bedroom apartment above; Mixed‑use zoning