Three-Unit Mixed-Use
New
For Sale
$617,000
42 N 3rd Street, Easton, PA 18042
MULTI_FAMILY - Easton, PA
Property Size4,189 SF
Lot Size0.05 Acres
Price / SF$147.29
Days on Market2
Property Features for 42 N 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DD Downtown District
Parking
8
Parking features
Parking Lot, Off Street
Subdivision
Not in Development
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
From Centre Sq to N 3rd St.
Standard status
Active
APN
L9NE3D 17 10A 0310
Size
4,189 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6924
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Building materials
Brick, Frame
Listing Agency:
BHHS Paul Ford Easton · Prudential Real Estate
(610) 253-6123
Listed By:
Clay R. Mitman · License #RM046330A
(610) 390-6752
Added: Jul 30
Last Checked: Jul 31 at 1:06AM
MLS# 781823
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.
This three-unit mixed-use building offers income-producing residential apartments above a ground-floor professional medical office. The first floor is owner-occupied and includes a reception and waiting area, nurse’s station, private physician’s office, four examination/operatories, a half bath, and central air conditioning. The second-floor apartment has two bedrooms, one full bath, a living area, and a bay window overlooking North Third Street. The third-floor apartment includes one bedroom, one full bath, and a living room with an efficient, functional layout.
The property sits on a 0.052-acre lot with 4,189 square feet under roof. Built in 1920, the building uses brick and frame construction and is served by public water and public sewer. Heating is natural gas hot water, and cooling is provided by window units, with central air on the medical office level. The zoning is DD Downtown District.
Parking is supported by a separate parcel at 64 North Bank Street with seven off-street spaces, and there is an additional space alongside the main building for a total of eight off-street parking spaces.
The property sits on a 0.052-acre lot with 4,189 square feet under roof. Built in 1920, the building uses brick and frame construction and is served by public water and public sewer. Heating is natural gas hot water, and cooling is provided by window units, with central air on the medical office level. The zoning is DD Downtown District.
Parking is supported by a separate parcel at 64 North Bank Street with seven off-street spaces, and there is an additional space alongside the main building for a total of eight off-street parking spaces.
Key Highlights
- Three‑unit mixed‑use building with ground‑floor medical office plus two apartment units
- Ground‑floor medical office includes reception, waiting area, nurse’s station, private physician’s office, and four exam/operatories
- Second‑floor apartment: two bedrooms, one full bath, living area, bay window overlooking North Third Street
Financial Insights For Office B
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 | $62.8k | $15.00 |
| − Vacancy | −$4.9k | −$1.17 |
| EGI | $57.9k | $13.83 |
| − OpEx | −$14.5k | −$3.46 |
| NOI | $43.5k | $10.37 |
4,189 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,571
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
Properties on Market for Mixed-use properties in Northampton County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - DD Downtown District mixed-use building with a ground-floor medical office plus two rental apartments above.
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: Three‑unit mixed‑use building with ground‑floor medical office plus two apartment units; Ground‑floor medical office includes reception, waiting area, nurse’s station, private physician’s office, and four exam/operatories; Second‑floor apartment: two bedrooms, one full bath, living area, bay window overlooking North Third Street
