Bought with Joseph Karam • Morganelli Properties LLC
$1,125,000
$1,185,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
3,332 Sqft Lot
SOLD DATE : 10/22/2026
Key Details
Sold Price $1,125,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision College Hill
MLS Listing ID PANH2009682
Sold Date 10/22/26
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
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