607-609 Northampton St - Apartments FOR SALE


Easton, PA 18042
$1,795,000 USD
610-657-9515
607-609 Northampton St, Easton, PA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

607-609 Northampton St
Easton, PA 18042


OVERVIEW

607-609 Northampton St, Easton PA Prime Income-Producing 12-Unit Multifamily Asset607-609 Northampton St, Easton, PA 18042Turnkey Investment Opportunity | Coveted Downtown Easton Location | Booming Lehigh Valley Market Unrivaled commercial investment opportunity to acquire a fully turnkey, 12-unit apartment complex located directly on bustling Northampton Street in the heart of thriving Downtown Easton. Situated within the rapidly growing Lehigh Valley, this stabilized asset is a rare find. It combines immediate cash flow with significantly reduced near-term capital expenditure liability. Property Highlights & Recent Capital UpgradesTurnkey Operations: Most units have been beautifully renovated, attracting top-tier market rents and minimizing immediate unit turnover costs.Modernized Infrastructure: The building has been freshly updated with individual mini-split HVAC units in 100% of the apartments, providing high-efficiency climate control and driving down landlord maintenance overhead.Low Operational Drag: Capital expenditures have been aggressively front-loaded, allowing an investor to step into an optimized, low-maintenance asset from day one Premier Downtown Location & Market LogisticsThe Hub of Easton: Positioned directly on Northampton Street, offering tenants immediate, walkable access to Easton's vibrant downtown dining, retail, and entertainment scene.The Booming Lehigh Valley: Located in one of the most coveted, high-demand submarkets in Pennsylvania, characterized by record-low vacancy rates and strong, sustainable rental growth. Financials & Due DiligenceP&L Availability: Complete profit and loss (P&L) statements and financial data are available for review upon request.Qualification: Financial packets will be released strictly to qualified applicants.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

12

PRICE/UNIT

$149,583

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 UNIT APARTMENT COMPLEX DOWNTOWN EASTON

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

10BNS

APN/PARCEL ID

L9SE2A-7-3-0310

ASK ABOUT THIS PROPERTY

Joseph ParaneeParanee Property ManagementMore Info
610-657-9515

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Joseph ParaneeParanee Property ManagementMore Info
610-657-9515

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