$380,000

$415,000 8.4%

Est. payment - /mo

6 Beds

3 Baths

3,056 SqFt

UPDATED:

Key Details

Sold Price $380,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 3,056 sqft

Price per Sqft $124

Subdivision Not In Development

MLS Listing ID 772140

Sold Date 05/15/26

Bedrooms 6

Full Baths 3

HOA Y/N No

Year Built 1900

Annual Tax Amount $3,663

Lot Size 2,047 Sqft

Acres 0.047

Property Sub-Type Apartment

Property Description

Highest and Best offer by 5:00 pm March 2nd. Fully occupied three-unit investment property generating $34,800 in gross income and $27,697 in net income. The asset consists of three 2-bedroom apartments, offering a consistent and highly desirable unit mix supported by strong rental demand in the Easton submarket. All units are currently leased, providing immediate and stable cash flow. Tenants are responsible for gas heat and electric, both separately metered, as well as water, which is submetered and billed directly to each unit. This structure creates a low-expense profile with landlord responsibilities limited strictly to taxes and insurance, resulting in operational simplicity and predictable performance. The apartments feature nice-sized layouts with functional floor plans that continue to attract steady tenant interest. Situated in a strong Easton location, the property benefits from convenient access to local amenities, employment centers, and transportation corridors. With durable in-place income, minimal expense exposure, and a uniform 2-bedroom unit mix, this asset is well suited for investors seeking stabilized cash flow, efficient management, and long-term performance in a proven rental market.

Location

State PA

County Northampton

Area Northampton

Direction From Interstate 78, take Exit 75 for Morgan Hill Road toward Easton and follow signs into downtown.Turn onto Washington Street—918 Washington Street will be on your right in the West Ward neighborhood.

Interior

Heating Gas

Cooling None, Wall/Window Unit(s)

Fireplace No

Exterior

Water Access Desc Public

Total Parking Spaces 3

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Easton

Others

Senior Community No

Tax ID L9SE1C 20 1 0310

Financing Cash

Special Listing Condition None

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Listed by EXP Realty LLC
Bought with NON MBR Office

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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918 Washington ST Easton, PA 18042