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Mike Smutz

mike@mikesmutz.com +1(610) 839-7654

$1,099,000

Est. payment - /mo

8 Beds

8 Baths

4,506 SqFt

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 4,506 sqft

Price per Sqft $243

Subdivision Not In Development

MLS Listing ID 772150

Bedrooms 8

Full Baths 8

HOA Y/N No

Year Built 1900

Annual Tax Amount $4,601

Lot Size 3,179 Sqft

Acres 0.073

Property Sub-Type Apartment

Property 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.

Location

State PA

County Northampton

Area Northampton

Direction From Interstate 78, take the PA-33 exit toward Easton, then follow PA-248 (Northampton St) east into downtown Easton. Turn left onto Ferry Street—697-699 Ferry Street will be on your right

Interior

Heating Baseboard

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Exterior

Water Access Desc Public

Total Parking Spaces 8

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Easton

Others

Senior Community No

Tax ID L9SE1B 29 35 0310

Energy Description 1000.0

Special Listing Condition None

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Listed by EXP Realty LLC

Nearby Locations

GET MORE INFORMATION

+1(610) 839-7654

mike@mikesmutz.com

http://www.mikesmutz.com/

Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA, 19106

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697 Ferry ST Easton, PA 18042