Duplex with Rear
New
For Sale
$350,000
825 Lehigh Street, Easton, PA 18042
MULTI_FAMILY - Easton, PA
Property Size3,217 SF
Lot Size0.16 Acres
Price / SF$108.80
Days on Market2
Property Features for 825 Lehigh Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R- Md
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 4
Parking
7
Patio and Porch features
Patio
Subdivision
Not in Development
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
Right on N. 13th St. Left onto Wood Ave. Right onto N. 10th St. Left onto Lehigh St.
Standard status
Active
APN
L9SE1C-7-2-0310
Size
3,217 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
7371
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Brick, VinylSiding
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Sian Bellows
(484) 350-5463
Added: Aug 7
Last Checked: Aug 8 at 3:06PM
MLS# 782255
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 detached duplex contains two residential units within a 3,217-square-foot property built in 1900. The first unit is approved as an efficiency with maximum permitted occupancy of three and is currently arranged with two bedrooms, two bathrooms, flexible-use rooms, and basement access. The second unit includes four bedrooms and two full bathrooms. Separate utilities serve the heating and electric systems, while natural gas heating and central air conditioning support the property. Construction includes brick and vinyl siding, with a patio and public water and sewer connections.
A rear parking area accommodates 7 vehicles, with additional off-street parking available. The property is located in Easton's West Ward District near downtown restaurants and shopping, schools, major highways, and public transportation. The property is zoned R- Md and is offered AS IS; the buyer is responsible for obtaining the City of Easton CO.
A rear parking area accommodates 7 vehicles, with additional off-street parking available. The property is located in Easton's West Ward District near downtown restaurants and shopping, schools, major highways, and public transportation. The property is zoned R- Md and is offered AS IS; the buyer is responsible for obtaining the City of Easton CO.
Key Highlights
- Two‑unit detached property with 3,217 square feet and 0.158 acres
- First unit approved as an efficiency with maximum permitted occupancy of three
- Second unit offers 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
1,099
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 duplex with separate heat and electric utilities, rear parking, and public water and sewer service.
Where is this duplex located?
The property is located at 825 Lehigh Street 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: Two‑unit detached property with 3,217 square feet and 0.158 acres; First unit approved as an efficiency with maximum permitted occupancy of three; Second unit offers 4 bedrooms and 2 full bathrooms
