Triplex Building with Ground-Floor
For Sale
$1,450,000
425 429 Northampton Street, Easton, PA 18042
COMMERCIAL - Easton, PA
Property Size8,382 SF
Price / SF$172.99
Days on Market858
Property Features for 425 429 Northampton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
BRI
Parking
8
Security features
Security
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
22 E, Exit 13th St. onto Wood Ave., Right on 10th St., left on Northampton St., property on left. Free parking in the back.
Subdivision
Easton
Standard status
Active
APN
L9SE2A 9 9 0310
Size
8,382 SF
Taxes and HOA fees
Tax Annual Amount
11619
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Window Unit(s), Central Air, Wall Unit(s)
Water source
Public
Building Details
Year built
1900
Building materials
Brick, Masonry
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Annmarie Baker
(484) 764-8651
Added: Apr 1, 2024
Changed: Aug 4
Last Checked: Aug 6 at 4:06PM
MLS# 735423
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 four-story brick and masonry triplex includes two separate first-level businesses (a restaurant and a grocery store) and three spacious 3-bedroom apartments. The property is listed as under construction and is described as being fully equipped with furniture and kitchen appliances and equipment.
The building is located in downtown Easton and is easily accessible to Route 22 and I-78. The property has public water and public sewer.
Utilities and comfort systems include electric and natural gas heating, with central air plus window and wall unit cooling options. Zoning is listed as BRI.
The building is located in downtown Easton and is easily accessible to Route 22 and I-78. The property has public water and public sewer.
Utilities and comfort systems include electric and natural gas heating, with central air plus window and wall unit cooling options. Zoning is listed as BRI.
Key Highlights
- 4‑story brick and masonry building
- Approximately 8,382 SF
- Two separate first‑level businesses: restaurant and grocery store
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
$86,942
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
6.00%
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%
$1,738,840
$1.7M
Cap Rate 7%
$1,242,029
$1.2M
Cap Rate 9%
$966,022
$966.0K
Market Conditions
NOI Build-Up for 8,382 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
$125.7K $15.00/SF
− Vacancy
−$9.8K −$1.17/SF
EGI
$115.9K $13.83/SF
− OpEx
−$29.0K −$3.46/SF
NOI
$86.9K $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 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%
$1,738,840
Cap Rate 7%
$1,242,029
Cap Rate 9%
$966,022
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,114
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?
Triplex - Four-story brick triplex with two ground-floor businesses and three apartments, zoned BRI and built for Route 22 and I-78 access.
Where is this triplex located?
The property is located at 425 429 Northampton Street 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: 4‑story brick and masonry building; Approximately 8,382 SF; Two separate first‑level businesses: restaurant and grocery store
