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33466313
33466329

24 North 13th Street, Easton, PA 18042

AP
PA RS379206
EXP Realty
Listed by EXP Realty
$299,000
2 days on market
Updated 2 days ago
Opportunity zone

Cashflowing duplex in Easton, PA

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,447
Units 3
Cap Rate 9.03%
NOI $26,991
Occupancy 50%
Tenancy Multi
Pro-Forma NOI $29,991
Class B
Year Built 1900
Buildings 1
Stories 3
Lot Size (SqFt) 2,260
Zoning 10RMD
Parking Spaces spaces
Investment Type Value Add
Ownership 100%

Great cashflow, perfect for owner occupant or buy and hold Investor

Marketing description

Two-unit investment property generating $35,040 in gross income and $26,991 in net income. The asset consists of a large 3-bedroom, 1-bath apartment with attic space and a recently updated studio apartment, offering a flexible setup for both investors and owner-occupants. The 3-bedroom unit is currently occupied, providing immediate rental income. The studio was recently renovated, creating the opportunity to lease it at market rent or use it as an ideal owner-occupant / house-hack scenario, where an owner can live in the studio while rental income from the 3-bedroom unit helps offset the mortgage.

Landlord expenses include taxes, insurance, water/sewer/trash, while electric is the tenant’s responsibility, helping maintain an efficient expense structure. Additional income is supported by paid parking spaces, creating another revenue stream for the landlord. The property is located in a core Lehigh Valley location with strong walkability, making it attractive to both tenants and owner-occupants.

With flexible occupancy options, in-place rental income, paid parking, and a strong location, this property is well suited for buy-and-hold investors or owner-occupants seeking cash flow and long-term stability.

Listing Contacts

AP
PA RS379206
EXP Realty
Listed by EXP Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,991.00
$2,249.25/mo

Valuation Metrics

0
DSCR
9.03%
Cap Rate
9.03%
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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