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33460742
33460759

697 Ferry Street, Easton, PA 18042

AP
PA RS379206
EXP Realty
Listed by EXP Realty
$1,099,000
4 days on market
Updated 4 days ago
Opportunity zone

8unit Apartment Building in Easton, PA

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,506
Units 8
Cap Rate 7.00%
NOI $79,156
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 9.00%
Pro-Forma NOI $104,056
Class C
Year Built 1900
Buildings 3
Lot Size (SqFt) 3,159
Zoning 10RHD
Parking Spaces spaces
Investment Type Value Add

About This Property

Marketing description

Fully occupied eight-unit investment property generating $99,000 in gross income and $79,156 in net income. The asset consists of eight spacious 1-bedroom apartments, offering a consistent and highly desirable unit mix supported by strong and durable rental demand in the Easton market. All

units are currently leased, providing immediate and stable cash flow.

Tenants are responsible for their own electric and heating, while landlord expenses are limited to taxes, insurance, and water/sewer/trash, creating a favorable expense structure with predictable operating performance. The property is a solid brick building, enhancing long-term durability and

reducing exterior maintenance exposure. The flat roof has been recently recoated, contributing to capital stability and near-term maintenance confidence. Each apartment offers spacious layouts that continue to attract steady tenant demand.

Additional value is supported by a large basement, suitable for tenant storage or the potential addition of common laundry facilities, creating further income enhancement opportunities. Positioned in an exceptional Easton location, this is a rare opportunity to acquire a larger multifamily asset in a prime rental corridor where occupancy remains consistently strong. With durable in-place income, minimal vacancy risk, and operational simplicity, this property is well-suited for investors seeking scale, stability, and long-term performance in a proven market.

Listing Contacts

AP
PA RS379206
EXP Realty
Listed by EXP Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,156.00
$6,596.33/mo

Valuation Metrics

0
DSCR
7.2%
Cap Rate
7.2%
ROI

Map

Zoning

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WW SpecialWest Ward
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View all 27 uses
View all 27 uses
Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Akinlana Popoola
License
RS379206
Brokerage
exp realty
Brokerage Phone
(888) 397-7352
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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