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31633514
31633528

133 Cattell St, Easton, PA 18042

CW
PA348789
Hanna Commercial Real Estate Allentown
Listed by Hanna Commercial Real Estate Allentown
$1,295,000
51 days on market
Updated 2 days ago

College Hill Easton, Pa - Multi-Family - Great 1031 Property

Details
APN 5067-02-7840-8637
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 4,154
Net Rentable (SqFt) 4,154
Units 7
Beds 8
Cap Rate 6.51%
NOI $84,340
Occupancy 100%
Pro-Forma Cap Rate 6.95%
Pro-Forma NOI $90,000
Broker Co-Op Yes
Class B
Year Built 1900
Year Renovated 2022, 2023, 2024, 2025
Buildings 1
Stories 3
Lot Size (SqFt) 3,332
Zoning College Hill with Street Corridor Overlay
Parking Spaces 3 spaces
Parking Per SqFt 0.72
Investment Type Value Add
Ownership Fee Simple
Sale Condition 1031 exchange

College Hill Beauty - Recent renovations and room for more income.

Marketing description

7-unit multi-family investment opportunity in Easton’s desirable College Hill neighborhood, just one block from Lafayette College. This income-producing property is well-suited for passive investors and 1031 exchange buyers offering a quick settlement. Opportunity exists to further optimize rents and increase income over time. Positioned within easy reach of New York City and Northern New Jersey, this offering appeals to investors seeking predictable cash flow, long-term appreciation, and a well-located asset in an expanding regional market. The property includes a mix of 7 apartments along with a detached garage featuring 3 separate bays/spots providing additional income. Separate electric and heat for all units contribute to an efficient expense structure. Tenants take pride in keeping their homes in nice condition. Currently not rented to students. Recent improvements include multiple unit renovations, updated appliances, as well as common area and garage upgrades, enhancing overall functionality and

long-term value. Nice hardwood and laminate floors and mostly all updated windows. NFPA 72 fire alarm certification completed in 2025. Some photos have been virtually staged. Positioned on a hilltop overlooking the Delaware River, the property benefits from strong and consistent rental demand due to its proximity to Lafayette College, downtown Easton, and local restaurants, shops, and

amenities. College Hill is widely regarded as one of Easton’s most desirable residential areas.

Easton, the county seat of Northampton County, sits at the confluence of the

Delaware and Lehigh Rivers and has experienced significant downtown

revitalization in recent years. The property is well-positioned within the

broader Lehigh Valley market, offering convenient access to major

employment centers, transportation routes, and regional amenities.

An excellent opportunity for investors seeking a well-located multifamily

asset with strong demand and long-term growth potential.

Listing Contacts

CW
PA348789
Hanna Commercial Real Estate Allentown
Listed by Hanna Commercial Real Estate Allentown

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,340.00
$7,028.33/mo

Valuation Metrics

0
DSCR
6.51%
Cap Rate
6.51%
ROI

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Additional Information

Name
Doug Frederick
License
RB-066150
Brokerage
Howard Hanna The Frederick Group
Title
Broker of Record
Brokerage Address
3500 Winchester Rd #201, Allentown, Pa 18104
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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