Mixed-Use Building with Medical
For Sale
$617,000
42 N 3rd Street, Easton, PA 18042
Two upper-floor apartments accompany an owner-used ground-floor medical practice.
Property Size4,189 SF
Price / SF$147.29
Days on Market10
Property Features for 42 N 3rd Street
General Information
Standard status
Active
Size
4,189 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
DD Downtown District
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Office Units
1
Additional Details
Floor
First Floor
Currently Operating
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$6,924
Amenities
central air conditioning
true
3
Assessor
Public
2250
8
30x75 and 31x79
0.052
Public Records
Off Street,Parking Lot
Building Details
Year Built
1920
Buildings
1
Stories
3
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
(908) 224-5438
Listed By:
Danielle Mustilli
Source:
Haven
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:27PM
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 Danielle Mustilli
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Investment Insights
Based on property information with market context.
This 4,189-square-foot mixed-use property, built in 1920, combines a ground-floor medical office with two apartments above. The office includes a reception and waiting area, nurse’s station, private physician’s office, four examination rooms, a half bath, and central air conditioning. The second-floor apartment has two bedrooms, one full bath, a living area, and a bay window. The third-floor apartment includes one bedroom, one full bath, and a living room.
The property is in Easton’s downtown district and is zoned DD Downtown District. A separate parcel at 64 North Bank Street provides seven off-street parking spaces, with one additional space beside the main building, for eight total. The existing configuration includes professional medical space and two residential units.
The property is in Easton’s downtown district and is zoned DD Downtown District. A separate parcel at 64 North Bank Street provides seven off-street parking spaces, with one additional space beside the main building, for eight total. The existing configuration includes professional medical space and two residential units.
Key Highlights
- 4,189‑square‑foot mixed‑use property built in 1920
- Ground‑floor medical office with reception, nurse’s station, private office, four examination rooms, half bath, and central air conditioning
- Second‑floor apartment with 2 bedrooms and 1 full bath; third‑floor unit with 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,450
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,000
$869.0K
Cap Rate 7%
$620,714
$620.7K
Cap Rate 9%
$482,778
$482.8K
Market Conditions
NOI Build-Up for 4,189 SF
Gross rent
$62.8K $15.00/SF
− Vacancy
−$4.9K −$1.17/SF
EGI
$57.9K $13.83/SF
− OpEx
−$14.5K −$3.46/SF
NOI
$43.5K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,000
Cap Rate 7%
$620,714
Cap Rate 9%
$482,778
Alternative Uses
Best Use
Office B
$620.7K
$543.1K – $724.2K
NOI $43,450 @ 7.0% cap · market cap 7.04%
Second Best
Mixed Use
$605.9K
$530.2K – $706.9K
NOI $42,414 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$794.5K
$695.2K – $927.0K
NOI $55,617 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,623
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upper-floor apartments accompany an owner-used ground-floor medical practice.
Where is this mixed-use property located?
The property is located at 42 N 3rd Street Easton, PA.
What is the asking price?
The asking price for this property is $617,000.
What are key features of this property?
This property features: 4,189‑square‑foot mixed‑use property built in 1920; Ground‑floor medical office with reception, nurse’s station, private office, four examination rooms, half bath, and central air conditioning; Second‑floor apartment with 2 bedrooms and 1 full bath; third‑floor unit with 1 bedroom and 1 full bath
