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Heather McFadden

heather.m@morganelliproperties.com +1(610) 360-1137

$ 1,185,000

Est. payment | -/mo

8 Beds

7 Baths

4,154 SqFt

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$ 1,185,000

Est. payment | -/mo

Save

8 Beds

7 Baths

4,154 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,154 sqft

Price per Sqft $285

Subdivision Not In Development

MLS Listing ID 774555

Bedrooms 8

Full Baths 7

HOA Y/N No

Year Built 1900

Annual Tax Amount $8,821

Lot Size 3,310 Sqft

Acres 0.076

Property Sub-Type Apartment

Property Description

Great investment opportunity in Easton's highly sought-after College Hill neighborhood, across the street from the Lafayette College campus. This well-maintained multifamily property consists of seven residential units and additional income-producing 572 sq ft garage and parking rentals, offering immediate income with upside potential and long-term investment stability. All apartments are separately metered (approx. 2007) for electric and heat. Four of the seven apartments have been renovated within the past three years, and the property has benefited from numerous capital improvements contributing to the property's long-term operational stability. Siding (2021&22), lighting (2022), gutters (2019), newer appliances, flooring, paint, roofing, sidewalks, windows and doors. (see list). Whole building fire alarm system. The lush shared backyard is very appealing in the heart of College Hill. The property will be conveyed with a clear City of Easton Certificate of Occupancy. Also well-suited for 1031 exchange buyers offering a quick settlement. The property currently generates an annualized rent roll of approx. $108k at full occupancy while maintaining remarkably low operating expenses. Six of the seven apartments are currently occupied, with one lease to be finalized shortly. College Hill remains one of Easton's most desirable rental markets, supported by proximity to Lafayette College, downtown Easton, major employers, and regional transportation routes. The combination of a strong residential unit mix, ancillary garage and parking income, low expense ratio, recent improvements, and a clear Certificate of Occupancy creates an attractive opportunity for investors seeking stable income with future upside potential.

Location

State PA

County Northampton

Area College Hill

Direction Rt 22 to 4th St Easton to Bushkill St to N. 3rd St. approx .5 miles to Cattell St/corner of March St.

Interior

Heating Baseboard, Electric

Cooling Ceiling Fan(s), Wall Unit(s), Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Detached, Garage, Off Street, On Street

Utilities Available Cable Available

Water Access Desc Public

Total Parking Spaces 3

Garage Yes

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Easton

Others

Senior Community No

Tax ID L9NE2C 18 11 0310

Security Features Smoke Detector(s),Fire Escape

Special Listing Condition None

Listed by Howard Hanna TheFrederickGroup

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 360-1137

heather.m@morganelliproperties.com

1124 Linden Street, Bethlehem, Pennsylvania 18018, USA

133 Cattell ST Easton, PA 18042

Heather McFadden

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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133 Cattell ST