Detached Duplex with Rear
For Sale
$350,000
Pending
825 Lehigh St, Easton, PA 18042
Detached two-unit property with separate heat and electric utilities, flexible layouts, and commuter-oriented access to downtown amenities.
Property Size3,217 SF
Days on Market17
Property Features for 825 Lehigh St
General Information
Standard status
Pending
Size
3,217 SF
Total Parking Spaces
7
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,371
Building Details
Buildings
1
Listing Agency:
exp Realty, LLC - Lehigh Valley
(610) 392-4660
Listed By:
Robert Puche
(610) 392-4660
Source:
Exprealty
Added: Aug 7
Changed: Aug 20
Last Checked: Aug 22 at 1:03PM
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 exp Realty, LLC - Lehigh Valley
Investment Insights
Based on property information with market context.
This detached duplex contains two separately configured units within a 3,217-square-foot property. The first unit is approved as an efficiency unit with maximum permitted occupancy of three and is currently arranged with two bedrooms, two bathrooms, flexible-use rooms, and basement access. One bathroom is located in the basement. The second unit provides four bedrooms and two full bathrooms, giving the property a varied residential layout. Heat and electric utilities are separately metered between the units.
A rear parking area accommodates seven vehicles, with additional off-street parking available. The property is located at 825 Lehigh St in Easton, near downtown restaurants and shopping, schools, major highways, and public transportation. The sale is subject to the existing as-is condition, and the buyer is responsible for obtaining the City of Easton's certificate of occupancy.
A rear parking area accommodates seven vehicles, with additional off-street parking available. The property is located at 825 Lehigh St in Easton, near downtown restaurants and shopping, schools, major highways, and public transportation. The sale is subject to the existing as-is condition, and the buyer is responsible for obtaining the City of Easton's certificate of occupancy.
Key Highlights
- Detached duplex with 3,217 square feet of property size
- Two‑bedroom, two‑bathroom first unit with basement access and flexible‑use rooms
- Second unit includes 4 bedrooms and 2 full bathrooms
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
$21,267
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
6.08%
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%
$425,340
$425.3K
Cap Rate 7%
$303,814
$303.8K
Cap Rate 9%
$236,300
$236.3K
Market Conditions
NOI Build-Up for 3,217 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
$32.8K $10.20/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$30.4K $9.44/SF
− OpEx
−$9.1K −$2.83/SF
NOI
$21.3K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$425,340
Cap Rate 7%
$303,814
Cap Rate 9%
$236,300
Alternative Uses
Best Use
Multifamily LT 5
$303.8K
$265.8K – $354.5K
NOI $21,267 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,576 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$610.2K
$533.9K – $711.9K
NOI $42,711 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,228
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?
Duplex - Detached two-unit property with separate heat and electric utilities, flexible layouts, and commuter-oriented access to downtown amenities.
Where is this duplex located?
The property is located at 825 Lehigh St Easton, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Detached duplex with 3,217 square feet of property size; Two‑bedroom, two‑bathroom first unit with basement access and flexible‑use rooms; Second unit includes 4 bedrooms and 2 full bathrooms
