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Key Details
Sold Price $480,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $173
Subdivision Not In Development
MLS Listing ID 772136
Sold Date 06/23/26
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,847
Lot Size 2,308 Sqft
Acres 0.053
Property Sub-Type Apartment
Property Description
Highest and Best offer by 5:00 pm March 2nd. Fully occupied three-unit investment property generating $49,200 in gross income and $43,143 in net income. The asset features a strong and desirable unit mix consisting of two 2-bedroom apartments and one 1-bedroom apartment, providing diversified income within a compact, easy-to-manage structure. All units are fully leased, offering immediate and stable cash flow. Tenants pay all utilities, including electric heat and water. Water is submetered and billed directly to tenants, and each unit has separate electric service, creating a low-expense profile with landlord responsibilities limited strictly to taxes and insurance. The apartments offer large kitchens and spacious living rooms, enhancing tenant appeal and long-term retention. Additional value is supported by a large basement, suitable for tenant storage or the potential addition of common laundry facilities, further increasing utility and income potential. With strong in-place income, minimal expense exposure, and operational simplicity, this property is well suited for investors seeking predictable returns, stable occupancy, and durable performance in the Easton market.
Location
State PA
County Northampton
Area Northampton
Direction From Interstate 78, take Exit 75 (Morgan Hill Rd) toward Easton and follow signs to downtown via 3rd Street. Turn right onto S 5th Street—30 S 5th Street will be on your left near the South Side business district.
Interior
Heating Baseboard
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 L9SE2A 22 22 0310
Financing Conventional
Special Listing Condition None
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Bought with IronValley RE of Lehigh Valley



