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Mixed-Use Corner Property

Easton, PA 18042 Easton, PA 18042

Claim this Listing
For Sale
$264,000

SINGLE_FAMILY - Easton, PA

Property size:
3,158 SF
Price / SF:
$83/SF
Added:
Oct 19, 2025
Days on Market:
265
Last Refresh:
Jul 10 at 10:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
3,158 SF

Building Details

Year built
1890

Listing agent Barbie Andretti

Listing office BHHS Fox & Roach Easton PA

Listing date Oct 19, 2025

MLS# 766699

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, 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 semi-detached mixed-use property offers a functional split layout with commercial space on the first floor and residential space above. The 1st floor includes a large two-room commercial area with a display window and a restroom. The 2nd floor is a two-bedroom, one-bath apartment, with the bathroom remodeled and updates including a new shower, vanity, and fixtures. Mechanical and electrical improvements reported include new baseboard heaters on both floors and separate electric/heat meters. Additional reported work includes removal of the oil tanks and boiler, replacement of the basement electric panel, and inspection of a new hot water heater and the new electric baseboards and panel.

Located at 501 W Berwick Street in Easton, Pennsylvania, the property is described as being in a corner location with a parking area in the back of the building. There is room for up to four cars in the rear lot.

For tenants, buyers, or owner-operators looking for an on-site live/work configuration, the building provides street-level space suitable for a small retail operation alongside a separate upstairs apartment. The listing notes that buyer notification city inspection has been completed and that many of the cited issues have been addressed, including electrical completion and reinspection. The property is being sold as is.

Key Highlights

  • Mixed‑use semi‑detached property built in 1890 with 1st‑floor commercial space and 2nd‑floor 2‑bed, 1‑bath apartment
  • 1st floor offers a large 2‑room commercial layout with a display window and restroom
  • 2nd‑floor apartment includes 2 bedrooms and 1 bathroom with a remodeled shower, vanity, and fixtures

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $37.9k $12.00
− Vacancy −$3.0k −$0.94
EGI $34.9k $11.06
− OpEx −$15.7k −$4.98
NOI $19.2k $6.09
3,158 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 45.00%

Alternative Uses

Best Use
Mixed Use
$456.8K
$399.7K – $532.9K (±1% cap)
NOI $31,975 @ 7.0% cap · market cap 12.11%
Second Best
Retail
$349.4K
$305.7K – $407.6K (±1% cap)
NOI $24,458 @ 7.0% cap · market cap 9.26%
Theoretical Best
Office A
$599.0K
$524.1K – $698.8K (±1% cap)
NOI $41,928 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

FAQs

What type of property is this?
Mixed-use property - Semi-detached mixed-use building with street-level retail and a second-floor two-bedroom apartment, plus rear off-street parking.
Where is this mixed-use property located?
The property is located at Easton, PA.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: Mixed‑use semi‑detached property built in 1890 with 1st‑floor commercial space and 2nd‑floor 2‑bed, 1‑bath apartment; 1st floor offers a large 2‑room commercial layout with a display window and restroom; 2nd‑floor apartment includes 2 bedrooms and 1 bathroom with a remodeled shower, vanity, and fixtures
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