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33465145
33465167

1347 Washington Street, Easton, PA 18042

AP
PA RS379206
EXP Realty
Listed by EXP Realty
$399,000
0 days on market
Updated 0 days ago
Opportunity zone

Easton, PA Duplex, Great size and Cashflow

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,010
Net Rentable (SqFt) 2,010
Units 5
Cap Rate 10.64%
NOI $40,961
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 12.00%
Pro-Forma NOI $42,161
Class B
Year Built 1900
Year Renovated 2026
Buildings 2
Lot Size (SqFt) 2,944
Zoning 10RMD
Parking Spaces spaces
Investment Type Value Add
Sale Condition N/A

100% leases // Core Lehigh Valley, PA Location

Marketing description

Two-unit investment property generating $51,900 in gross income and $40,961 in net income. The property includes a large 4-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, offering spacious layouts that attract strong tenant demand.

The upper unit is oversized, featuring four bedrooms, two full bathrooms,updated flooring, new kitchen cabinets, and a private porch. The kitchen and living areas are both large, making the space very appealing to tenants. The lower unit includes two bedrooms with a large kitchen and

living room and is occupied by reliable tenants.

The property also includes two garages with electric doors, providing additional income. It is located in a core Lehigh Valley location with strong walkability, making it easy to attract and retain tenants.

Landlord expenses are low, limited to taxes, insurance, water/sewer/trash, and gas, with tenants reimbursing a significant portion of the utilities, keeping the overall expense burden minimal. The property has gas heat, and the upper unit features a newly renovated bathroom completed with

permits.

With large units, steady income, garage revenue, and a strong location, this property is a great opportunity for both owner-occupants and buy-and-hold investors seeking reliable cash flow and long-term stability.

Listing Contacts

AP
PA RS379206
EXP Realty
Listed by EXP Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,961.00
$3,413.42/mo

Valuation Metrics

0
DSCR
10.27%
Cap Rate
10.27%
ROI

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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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