Mixed-Use Downtown Income
425 NORTHAMPTON ST Easton, PA 18042
425 NORTHAMPTON ST, Easton, PA, 18042
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For Sale
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Four-story mixed-use property with ground-floor restaurant and grocery plus three-bedroom apartments above.
Property Size8,382 SF
Price / SF$172.99
Days on Market52
Property Features for 425 NORTHAMPTON ST
General Information
- Standard status
- Active
- Size
- 8,382 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1900
Listing agency
Century 21 KEIM REALTORS Allentown
Listed by
Loren Keim · License #PA
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 4:01AM
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 Century 21 KEIM REALTORS Allentown
Investment Insights
Based on property information with market context.
This four-story mixed-use income building offers separate ground-floor space currently operating as a restaurant and a grocery store. The property also includes three spacious three-bedroom apartments, providing residential units in addition to street-level retail use. The offering is described as fully equipped with furniture, kitchen appliances, and equipment.
The building is located in downtown Easton and is stated to be easily accessible to Route 22 and I-78, supporting convenient day-to-day access for customers and residents.
For tenants, operators, or buyers seeking a multi-income configuration, the combination of two active first-level businesses with residential units above can support multiple revenue streams within a single property. The equipment and furnishings included for the restaurant and grocery components may reduce turnover costs for an incoming owner or operator, while the apartment layout provides practical diversification within the same address.
The building is located in downtown Easton and is stated to be easily accessible to Route 22 and I-78, supporting convenient day-to-day access for customers and residents.
For tenants, operators, or buyers seeking a multi-income configuration, the combination of two active first-level businesses with residential units above can support multiple revenue streams within a single property. The equipment and furnishings included for the restaurant and grocery components may reduce turnover costs for an incoming owner or operator, while the apartment layout provides practical diversification within the same address.
Key Highlights
- Approximately 8,320 SF four‑story mixed‑use building in downtown Easton
- Ground floor includes two separate businesses: restaurant and grocery store
- Above the businesses are three spacious 3‑bedroom apartments
Local Financial Insights For Specialty Retail
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 | $125.7k | $15.00 |
| − Vacancy | −$9.8k | −$1.17 |
| EGI | $115.9k | $13.83 |
| − OpEx | −$29.0k | −$3.46 |
| NOI | $86.9k | $10.37 |
8,382 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,942 @ 7.0% cap · market cap 6.00%
Second Best
Retail
$927.4K
$811.5K – $1.08M
NOI $64,917 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,286 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Love Pho & PL ...
Restaurant
Vietnamese Noodle House
Restaurant
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FAQs
What type of property is this?
Triplex - Four-story mixed-use property with ground-floor restaurant and grocery plus three-bedroom apartments above.
Where is this triplex located?
The property is located at 425 NORTHAMPTON ST Easton, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 8,320 SF four‑story mixed‑use building in downtown Easton; Ground floor includes two separate businesses: restaurant and grocery store; Above the businesses are three spacious 3‑bedroom apartments
