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Property profile & analytics
OFF-MARKET
Estimated value
$4,645,000
Garden apartment buildings
109 3rd St Easton, PA 18042-1819
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1630321
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1921
Total area
45,135 SF
Lot
0.33 ac (14,190 SF)
Zoning code
BGO
APN
L9NE3D 14 13 0310
UPID
US73-1630321
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Spring Garden Court Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.47M
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
Spring Garden Easton LP · 5 yrs held
Spring Garden Easton LP
since 2021
Last sale
$5.1M
2 recorded transactions
Zoning & alternative use
BGO · Easton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.9M
+87.2%
Commercial (general)
$5.6M
+51.7%
Restaurant
$5.1M
+37.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Easton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Easton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,325,000
ML approach
$4,470,000
CAP Approach
CAP Return
Estimation
6%
$4,580,000
6.5%
$4,225,000
7%
$3,925,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,685,000
Current use
MEDICAL BUILDING
$6,890,000
Change: +87% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,585,000
Change: +52% · Conversion: Moderate
RESTAURANT
$5,055,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,210,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$4,190,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,400,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.65M
Range $4.18M – $5.11M · ±10% · vs last sale $5.10M (Jul 8 2021)
Last sale anchor
$5.10M
Jul 8 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$27,626
Tax year 2024
Assessed value
$266,300
Assessed 2024
Previous assessed
$266,300
+0.0% YoY
Effective rate
10.37%
On assessed value
Assessed land
$67,200
Assessed improvement
$199,100
Land market value
$134,400
Improvement market value
$398,200
Total market value
$532,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1921
Heating
YES
Cooling
CENTRAL
Stories
1
Units
38
Rooms
50
Total area
45,135 SF
Lot
0.33 ac (14,190 SF)
Zoning code
BGO
APN
L9NE3D 14 13 0310
UPID
US73-1630321
Jurisdiction
NORTHAMPTON
Zoning & alternative use
BGO · Easton, PAZoning BGO · permitted uses
BGO · Easton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RESTAURANT
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1921
Heating
YES
Cooling
Yes
Stories
1
Units
38
Rooms
50
Lot
0.33 ac
Current owner
From public records · entity-resolved
Spring Garden Easton LP
Entity
Mailing address
227 E 56TH ST RM #401, NEW YORK, NY 10022-3810
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
$5,100,000
Spring Garden Easton LP
Judith Macgregor
Special Warranty Deed
$3,825,000 · The Dime Savings Bank Williamsburgh
—
—
Judith Macgregor
—
Deed Of Trust
related
$20,000 · Merchants National Bank Bangor
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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