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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Washington St Easton, PA 18042-4735

    • Residential income homes
    • 2,678 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    6.8%
    Residential income homes
    Location Intelligence
    Property ID
    US73-5909203
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1500 Washington St

    Year built
    1946
    Lot size
    0.03 lot acres
    Property size
    2,678 SF
    Zone code
    C2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    L9SW3B 2 15A 0837
    APU
    L9SW3B215A0837

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $295,000
      6.5%
      $270,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $197,000
      Market price range: $149k - $363k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $220,000
      Current use
      MEDICAL BUILDING
      $410,000
      Change: +87% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $330,000
      Change: +52% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $250,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $250,000
      Change: +14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2318
    Latitude
    40.6862
    CBSA code
    10900
    CBSA name
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,443
    $15,200
    $31,000
    $46,200
    -
    $30,400
    $62,000
    $92,400

    Comparable in this City

    • Value Estimation
      $270,000
      3,514 SF

      607 Walnut Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,514 SF
      607 Walnut Ave, Easton, PA 18042-4454
      View Details
    • Value Estimation
      $415,000
      6,048 SF

      709 Line St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,048 SF
      709 Line St, Easton, PA 18042-7368
      View Details
    • Value Estimation
      $295,000
      957 SF

      601 Charles St

      APARTMENT HOUSE (UNDER 5 UNITS) • 957 SF
      601 Charles St, Easton, PA 18042-6781
      View Details
    • Value Estimation
      $275,000
      3,486 SF

      67 4th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,486 SF
      67 4th St, Easton, PA 18042-3530
      View Details
    • Value Estimation
      $330,000
      3,233 SF

      1615 Northampton St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,233 SF
      1615 Northampton St, Easton, PA 18042-3184
      View Details
    • Value Estimation
      $360,000
      7,776 SF

      310 March St

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,776 SF
      310 March St, Easton, PA 18042-7634
      View Details

    Similar Nearby for Sale

    • $1,900,000
      21,091 SF

      Easton Multifamily Investment Opportunity

      Well-maintained, fully occupied 12-unit apartment building in Easton, PA.
      1440 Washington St, Easton, PA 18042
      View Details
    • $987,000
      5,766 SF

      Easton Mixed-Use Corner Property

      Mixed-use property with storefronts and residential units in historic Easton.
      701 Northampton St, Easton, PA 18042
      View Details
    • $2,000,000
      8,615 SF

      Turn-Key Easton Investment Property

      Fully occupied 9-unit apartment building with garages in Easton, PA.
      228 N 14Th St, Easton, PA 18042
      View Details
    • $1,650,000
      8,382 SF

      Easton Mixed-Use Investment Opportunity

      Four-story building with businesses and apartments in downtown Easton.
      425 Northampton St, Easton, PA 18042
      View Details
    • $450,000
      2,500 SF

      Mixed-Use Property in Easton, PA

      Mixed-use property featuring apartments and storefronts in Easton, PA.
      37 7Th St, Easton, PA 18042
      View Details
    • New
      $425,000
      2,122 SF

      Renovated Two-Unit Property in Easton

      Fully renovated two-unit property in Southside Easton, ideal for investors.
      616 Valley St, Easton, PA 18042
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo

      Historic College Hill Apartment

      Charming 2-bedroom apartment in a historic stone mansion.
      408 Clinton Ter, Easton, PA 18042
      View Details
    • Contact for pricing
      94,090 SF

      Easton, PA Commercial Land Opportunity

      2.16-acre Highway Commercial lot, prime location.
      280 Cedarville Rd, Easton, PA 18042
      View Details
    • $35 SF/Yr
      8,451 SF

      Executive Suites, Lehigh Valley

      Prime Office Space, All-Inclusive Rent
      1733 Washington Blvd, Easton, PA 18042
      View Details
    • Contact for pricing
      1,006,880 SF

      Easton Distribution Warehouse For Lease

      Large distribution warehouse with cross-dock configuration available for lease.
      1525 Wood Ave, Easton, PA 18042
      View Details
    • $600 /Mo
      3,964 SF

      Renovated Office Suites Near Hospital

      Private office suites with shared conference room in Easton, PA.
      1708 Washington Blvd, Easton, PA 18042
      View Details
    • New
      $2,600 /Mo

      Adaptable Commercial Space in Easton

      Versatile 2,300 sq ft retail space in historic downtown Easton.
      527 Northampton St, Easton, PA 18042
      View Details
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    1500 Washington St
    Easton, PA 18042-4735
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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