37 7th Street Easton, PA 18042
MULTI_FAMILY - Easton, PA
Property Features for 37 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 10RMD
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1
- Parking features
- Garage
- Standard status
- Active
- APN
- L9SE1B 9 1 0310
- Size
- 2,500 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1974
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Baseboard, Electric (Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1988
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Carpet
- Building materials
- VinylSiding
Listing agent Timothy F Heimbach (610) 266-4000
Listing office RE/MAX Unlimited Real Estate 1080 Schadt Ave, Whitehall, PA (610) 266-4000
Listing date May 9, 2026
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.
Key Highlights
- Mixed‑use property with 3 apartments plus 2 storefronts
- Completely vacant with no rent history; sold as‑is
- Two apartments use electric baseboard heat and one uses oil heat
Local Financial Insights For Mixed Use
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 | $45.0k | $18.00 |
| − Vacancy | −$4.5k | −$1.80 |
| EGI | $40.5k | $16.20 |
| − OpEx | −$15.2k | −$6.07 |
| NOI | $25.3k | $10.13 |
