Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    689 Ferry Street Easton, PA 18042

    View on Map
    New
    For Sale
    $377,000

    MULTI_FAMILY - Easton, PA

    Lot size:
    0.06 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    6
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 689 Ferry Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    WW West Ward
    Standard status
    Active
    APN
    L9SE1B 29 32 0310
    Lot size
    0.06 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    3827

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Clay R. Mitman

    Listing agent Clay R. Mitman

    Listing office BHHS Paul Ford Easton 126 Bushkill St, Easton, PA

    Listing date Mar 26, 2026

    MLS# 773292

    Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Easton Triplex Investment Opportunity

    This three-unit historic building is located within walking distance of Easton's downtown area, including the farmers market, dining options, the Crayola Experience, and the State Theatre. The property includes two two-bedroom units and one one-bedroom unit on the third floor. Tenants are responsible for their own heat, electric, water, sewer, and trash, while the landlord is responsible for taxes and insurance. The property is located in one of Easton's desirable neighborhoods. The adjoining property is also available for sale, presenting an opportunity to expand your portfolio. The property is located in West Ward, Easton, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.21764
    Latitude
    40.689552

    Nearby Similar for Sale

    • $950,000
      6,341 SF

      Easton Laundromat with Apartment Income

      Three-unit laundromat with two apartments on heavily traveled Butler Street.
      1811 Butler Street, Easton, PA 18042
      View Details
    • $950,000
      6,341 SF

      Easton Laundromat with Apartment Income

      Three-unit laundromat with two apartments on heavily traveled street.
      1811 Butler Street, Easton, PA 18042
      View Details
    • $950,000

      Easton Laundromat with Apartment Income

      Three-unit laundromat with two apartments on heavily traveled Butler Street.
      1811 BUTLER, EASTON, PA 18042
      View Details
    • $579,900
      4,477 SF

      Turnkey Dental Office with Income

      Commercial property with dental office and residential income units.
      1810 Washington Boulevard, Easton, PA 18042
      View Details
    • $8

      Commercial Space in Easton, PA

      Versatile space for retail, distribution, or light manufacturing.
      1298 Spruce Street, Easton, PA 18042
      View Details
    • $300,000
      1,670 SF

      Easton Multi-Unit Turn-Key Property

      Updated two-unit property in Easton City, perfect for investors.
      714 W Berwick Street, Easton, PA 18042
      View Details
    • $377,000

      Updated Historic Easton Townhouse

      Three-unit townhouse near downtown Easton with recent upgrades.
      687 Ferry Street, Easton, PA 18042
      View Details
    • $597,000

      Downtown Easton Historic Multi-Family Gem

      Historic Easton property, versatile as single or multi-family residence.
      134 3rd Street, Easton, PA 18042
      View Details
    • $375,000
      2,184 SF

      Easton Townhouse Near Lafayette College

      Three-story townhouse with mixed-use flexibility and strong rental history.
      411 Cattell Street, Easton, PA 18042
      View Details
    • $2,850
      4,750 SF

      Medical/Professional Office Space Available

      4,750 SF suite ideal for medical or professional office use.
      3735 Easton Nazareth Highway, Lower Nazareth Twp, PA 18045
      View Details
    • $849,000
      4,350 SF

      Prime Retail Property in Easton

      High-visibility retail property in Easton's thriving downtown business district.
      414 Northampton Street, Easton, PA 18042
      View Details
    • $6,600,000

      Easton Self-Storage and Parking Facility

      Two-location self-storage and parking facility in a rapidly developing area.
      3361 Fox Hill Road, Easton, PA 18045
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit building near downtown Easton with income potential.
    Where is this triplex located?
    The property is located at 689 Ferry Street Easton, PA.
    What is the asking price?
    The asking price for this property is $377,000.
    What are key features of this property?
    This property features: Prime location within walking distance to Easton's historic downtown, farmers market, dining, Crayola Experience, and State Theatre.; Strong cash flow potential with tenants paying all utilities.; Turn‑key investment property with immediate income potential.
    (610) 253-6123
    We can help!
    Listing Contact
    Clay R. Mitman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!