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Listed by Carrie Wilson • Howard Hanna The Frederick Group

$ 1,249,000

Est. payment | -/mo

3,332 Sqft Lot

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$ 1,249,000

Est. payment | -/mo

Save

3,332 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision College Hill

MLS Listing ID PANH2009682

Year Built 1900

Annual Tax Amount $8,821

Tax Year 2025

Lot Size 3,332 Sqft

Acres 0.08

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

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. 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. All apartments are separately metered 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. The property currently generates an annualized rent roll of approx. $107k at full occupancy while maintaining remarkably low operating expenses. Six of the seven apartments are currently occupied, with one recently vacated unit intentionally left available for a new owner. 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 Easton City (12410)

Zoning BNS/CHSCO

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

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

Heat Source Electric

Exterior

Garage Spaces 3.0

Utilities Available Cable TV, Natural Gas Available

Water Access N

View City, Panoramic

Roof Type Slate,Flat

Accessibility None

Total Parking Spaces 3

Garage N

Building

Lot Description Corner, Rear Yard

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Easton Area

School District Easton Area

Others

Tax ID L9NE2C-18-11-0310

Ownership Fee Simple

Special Listing Condition Standard

Nearby Locations

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+1(973) 337-6475

hello@burgosrealty.com

209 Cooper Avenue, Montclair, New Jersey, 07043, USA

133 CATTELL ST Easton, PA 18042

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Key Details

Location

Interior

Exterior

Building

Schools

Others

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133 CATTELL ST