Mixed-Use Property with
New
For Sale
$349,900
Pending
37 N 7th Street, Easton, PA 18042
The vacant property combines three apartments with two ground-floor retail spaces.
Property Size2,500 SF
Days on Market2
Property Features for 37 N 7th Street
General Information
Standard status
Pending
Size
2,500 SF
Property subtype
Residential Income
Zoning
10RMD
Additional Details
Mixed-Use Components
retail, residential
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,973
Amenities
Carpet,Hardwood
1
true
4
2
Estimated
false
Public
2112
34 x 70
0.048
Public Records
No Garage
Building Details
Year Built
1988
Stories
2
Listing Agency:
RE/MAX Unlimited Real Estate
(610) 890-9942
Listed By:
Andrew Dilg
Source:
Corbyrealty
Added: Nov 4
Last Checked: Nov 5 at 4:30AM
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 RE/MAX Unlimited Real Estate
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Investment Insights
Based on property information with market context.
This 2,500-square-foot mixed-use property in Easton, Pennsylvania, contains three apartments and two storefronts. All five spaces are vacant, and there is no rent history. Two apartments have electric baseboard heat; the third uses oil heat.
The storefronts previously served different small businesses, including a hot dog stand and a shop selling lottery tickets and cigarettes. The property is being sold as-is, with the buyer responsible for certificate-of-occupancy repairs.
The storefronts previously served different small businesses, including a hot dog stand and a shop selling lottery tickets and cigarettes. The property is being sold as-is, with the buyer responsible for certificate-of-occupancy repairs.
Key Highlights
- 2,500‑square‑foot mixed‑use property
- Three apartments and two storefronts
- Entire property is vacant; no rent history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,313
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,260
$506.3K
Cap Rate 7%
$361,614
$361.6K
Cap Rate 9%
$281,256
$281.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$4.5K −$1.80/SF
EGI
$40.5K $16.20/SF
− OpEx
−$15.2K −$6.07/SF
NOI
$25.3K $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%
$506,260
Cap Rate 7%
$361,614
Cap Rate 9%
$281,256
Alternative Uses
Best Use
Mixed Use
$361.6K
$316.4K – $421.9K
NOI $25,313 @ 7.0% cap · market cap 7.23%
Second Best
Retail
$276.6K
$242.0K – $322.7K
NOI $19,362 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$474.2K
$414.9K – $553.2K
NOI $33,192 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,723
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The vacant property combines three apartments with two ground-floor retail spaces.
Where is this mixed-use property located?
The property is located at 37 N 7th Street Easton, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,500‑square‑foot mixed‑use property; Three apartments and two storefronts; Entire property is vacant; no rent history
