Mixed-Use Downtown Income
For Sale
Contact for pricing
425 NORTHAMPTON ST, Easton, PA 18042
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 Market70
Property Features for 425 NORTHAMPTON ST
General Information
Standard status
Active
Size
8,382 SF
Property subtype
Retail, Multifamily
Zoning
BRI
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1900
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Century 21 KEIM REALTORS Allentown
(877) 208-4158
Listed By:
Loren Keim · License #PA
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Aug 7 at 3:40AM
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
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
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road 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 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
