133 Cattell St - Apartments FOR SALE


$1,249,000 USD
610-349-0155
133 Cattell St, Easton, PA for Sale
$1,249,000 USD
Apartments - FOR SALE
1/21
null | 6.99% Cap Rate


HIGHLIGHTS

  • 7-residential units, 3 individual rented garage bays/parking spots
  • 1/2 block from Lafayette College
  • Separate electric and heat to all units
  • Many updates and renovations. Cap rate over 8% with market rent increases.
  • NFPA 72 fire alarm certification completed in 2025

OVERVIEW

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 with 3 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.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

10

PRICE/UNIT

$124,900

CAP RATE

6.99%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

BNS

APN/PARCEL ID

L9NE2C-18-11-0310

ASK ABOUT THIS PROPERTY

Carmela WilsonHoward Hanna Real Estate ServicesMore Info
610-349-0155

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Carmela WilsonHoward Hanna Real Estate ServicesMore Info
610-349-0155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.