Mixed-Use Property with
For Sale
$349,900
37 S 7th St, Easton, PA 18042
Three apartments accompany two commercial storefronts in a vacant, as-is property.
Property Size2,500 SF
Price / SF$139.96
Days on Market31
Property Features for 37 S 7th St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family
Building Details
Year Built
1988
Listing Agency:
RE/MAX Unlimited Real Estate
(610) 266-4000
Listed By:
Timothy F Heimbach
Source:
Jennysoldmine
Added: Aug 2
Changed: Aug 31
Last Checked: Aug 30 at 8:01PM
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
Investment Insights
Based on property information with market context.
This mixed-use building contains three apartments and two storefronts within approximately 2,500 square feet. Two apartments have electric baseboard heat, while the third uses oil heat. Constructed in 1988, the property is currently vacant and has no rent history. It is offered in as-is condition, with the buyer responsible for certificate-of-occupancy repairs.
The commercial spaces previously served distinct neighborhood-oriented uses: one sold lottery tickets and cigarettes, and the other operated as a hot dog stand. The property is located at 37 7th St in Easton, Pennsylvania.
The commercial spaces previously served distinct neighborhood-oriented uses: one sold lottery tickets and cigarettes, and the other operated as a hot dog stand. The property is located at 37 7th St in Easton, Pennsylvania.
Key Highlights
- Three apartments and two storefronts in one mixed‑use building
- Approximately 2,500 square feet; built in 1988
- Two apartments use electric baseboard heat; one uses oil heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,313
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments accompany two commercial storefronts in a vacant, as-is property.
Where is this mixed-use property located?
The property is located at 37 S 7th St 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: Three apartments and two storefronts in one mixed‑use building; Approximately 2,500 square feet; built in 1988; Two apartments use electric baseboard heat; one uses oil heat
