Brick
For Sale
$280,000
838 Packer Street, Easton, PA 18042
ResidentialIncome, Easton, PA
Property Size1,302 SF
Lot Size0.06 Acres
Price / SF$215.05
Days on Market38
Property Features for 838 Packer Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
10CCE
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
On Street
Patio and Porch features
Patio
Subdivision
Not in Development
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
From Glendon Ave East, make a right on Berwick, right on Packer Street, Property on left. Or use GPS
Standard status
Active
APN
M9NE1D-1-2-0310
Size
1,302 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3478
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Jesse S. Moyer
(610) 737-7030
Added: Sep 10
Changed: Oct 16
Last Checked: Oct 17 at 12:06AM
MLS# 784297
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.
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Investment Insights
Based on property information with market context.
At 838 Packer Street, this 1,302-square-foot duplex contains two occupied apartments in a brick building constructed in 1900. The first-floor residence has 1 bedroom, 1 full bathroom, laundry, and access to the basement for storage. Upstairs, the second apartment includes 2 bedrooms, 1 full bathroom, and a separate laundry room. The property sits on a 0.064-acre lot and is zoned 10CCE.
Residents pay all utilities. Building systems include natural gas and electric heating, window-unit cooling, public water, and public sewer. A patio is included, and parking is on street. The property has an 8.5% cap rate.
Residents pay all utilities. Building systems include natural gas and electric heating, window-unit cooling, public water, and public sewer. A patio is included, and parking is on street. The property has an 8.5% cap rate.
Key Highlights
- Two occupied apartments: a 1‑bedroom unit and a 2‑bedroom unit, each with 1 full bathroom
- 1,302 square feet on a 0.064‑acre lot
- 8.5% cap rate; residents pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,607
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,140
$172.1K
Cap Rate 7%
$122,957
$123.0K
Cap Rate 9%
$95,633
$95.6K
Market Conditions
NOI Build-Up for 1,302 SF
Gross rent
$13.3K $10.20/SF
− Vacancy
−$984 −$0.76/SF
EGI
$12.3K $9.44/SF
− OpEx
−$3.7K −$2.83/SF
NOI
$8.6K $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 Rate 5%
$172,140
Cap Rate 7%
$122,957
Cap Rate 9%
$95,633
Alternative Uses
Best Use
Multifamily LT 5
$123.0K
$107.6K – $143.5K
NOI $8,607 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$113.2K
$99.0K – $132.1K
NOI $7,923 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$246.9K
$216.1K – $288.1K
NOI $17,286 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
303
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied apartments have separate laundry areas, with utilities paid by residents.
Where is this duplex located?
The property is located at 838 Packer Street Easton, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two occupied apartments: a 1‑bedroom unit and a 2‑bedroom unit, each with 1 full bathroom; 1,302 square feet on a 0.064‑acre lot; 8.5% cap rate; residents pay all utilities
