Building Details

Building Size 6,886 SF

Year Built 1940

Buildings 1

Tenancy Multi

Listing Agency: IronValley RE of Lehigh Valley

Listed By: Kyle Kerecman Show Phone

Source: Bhhspaulfordrealtors

Added: Sep 29 Changed: Oct 14 Last Checked: Oct 13 at 2:09AM

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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 IronValley RE of Lehigh Valley

Investment Insights

Based on property information with market context.

This renovated mixed-use property contains seven income-producing units: four commercial spaces and three residential units. Improvements include new flooring, siding, roofing, electrical systems, and HVAC. Interior finishes include luxury vinyl plank, upgraded lighting, exposed brick details, and ADA-compliant restrooms in the commercial areas.

The property fronts Easton Avenue in Bethlehem City, Pennsylvania, along a corridor with reported daily traffic of approximately 15,000–20,000 vehicles. The stated cap rate is 7%.

Key Highlights

• Seven units: four commercial spaces and three residential units
• Reported 7% cap rate
• Located on Easton Avenue, where daily traffic is approximately 15,000–20,000 vehicles

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,721

Cap Rate

4.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,394,420 $1.4M

Cap Rate 7%

$996,014 $996.0K

Cap Rate 9%

$774,678 $774.7K

Market Conditions

NOI Build-Up for 6,886 SF

Gross rent

$123.9K $18.00/SF

− Vacancy

−$12.4K −$1.80/SF

EGI

$111.6K $16.20/SF

− OpEx

−$41.8K −$6.07/SF

NOI

$69.7K $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%

$1,394,420

Cap Rate 7%

$996,014

Cap Rate 9%

$774,678

Alternative Uses

Best Use

Mixed Use

$996.0K

$871.5K – $1.16M (±1% cap)

NOI $69,721 @ 7.0% cap · market cap 4.73%

Second Best

Retail

$761.9K

$666.6K – $888.9K (±1% cap)

NOI $53,331 @ 7.0% cap · market cap 3.62%

Theoretical Best

Office A

$1.31M

$1.14M – $1.52M (±1% cap)

NOI $91,424 @ 7.0% cap · market cap 6.20%

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

Property Analytics

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Current Use

FlexRazor Hair Salon Chang Chi-Kue T ... Physician Josephine Body Contour Spa & Massage Center By B.Shanice Co. Hair Salon Petals Of A Woman Spa & Massage Center

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Building Supply Spa & Massage Center

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

3

Residential units

20,000 VPD

Traffic count

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

325

Businesses Nearby

Explore this area Business Placement

Demographics for 18020, PA

20,582

Population

7,940

Households

2.6

Avg Household Size

45

Median Age

42%

College-Educated

96%

High-School Grad

13.0 sq mi

ZIP Area

1,583

Density / Sq Mi

$122,610

Median Household Income

$53,144

Median Earnings

$1,493

Median Rent

$348,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Four commercial spaces and three apartments combine in a renovated property along a commercial corridor.

Where is this mixed-use property located?

The property is located at 3348 Easton Avenue Bethlehem, PA.

What is the asking price?

The asking price for this property is $1,475,000.

What are key features of this property?

This property features: Seven units: four commercial spaces and three residential units; Reported 7% cap rate; Located on Easton Avenue, where daily traffic is approximately 15,000–20,000 vehicles