Two-Unit Residential
New
For Sale
$347,000
1039 Washington Street, Easton, PA 18042
ResidentialIncome, Easton, PA
Property Size1,700 SF
Lot Size0.05 Acres
Price / SF$204.12
Days on Market5
Property Features for 1039 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
10RMD
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
On Street
Subdivision
Not in Development
Elementary school district
Easton
Middle school district
Easton
High school district
Easton
Directions
From Rt 22 get off 13th Street exit head south to left on Northampton Street, Right on 10th right on Washington.
Standard status
Active
APN
L9SE1D-21-40-0310
Size
1,700 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3380
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
AluminumSiding
Listing Agency:
Keller Williams Northampton · Keller Williams Realty
(610) 867-8888
Listed By:
Kelly L. Houston · License #405412
(484) 893-4518
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 2:06PM
MLS# 785940
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.
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Investment Insights
Based on property information with market context.
This 1,700-square-foot duplex contains two apartments: a first-floor one-bedroom unit with a living room, kitchen, and direct backyard access, and a second-floor two-bedroom unit with additional attic storage. Laminate flooring and high ceilings are present throughout. The property was built in 1900 and has aluminum siding.
Located at 1039 Washington Street in Easton, the property is zoned 10RMD. Public water and sewer serve the building. Heating is oil-fired, cooling is provided by ceiling fans, and parking is on street.
Located at 1039 Washington Street in Easton, the property is zoned 10RMD. Public water and sewer serve the building. Heating is oil-fired, cooling is provided by ceiling fans, and parking is on street.
Key Highlights
- Two apartments: one bedroom on the first floor and two bedrooms on the second
- 1,700 square feet of building area on a 0.046‑acre lot
- First‑floor apartment has direct backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,239
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,780
$224.8K
Cap Rate 7%
$160,557
$160.6K
Cap Rate 9%
$124,878
$124.9K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$17.3K $10.20/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$16.1K $9.44/SF
− OpEx
−$4.8K −$2.83/SF
NOI
$11.2K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,780
Cap Rate 7%
$160,557
Cap Rate 9%
$124,878
Alternative Uses
Best Use
Multifamily LT 5
$160.6K
$140.5K – $187.3K
NOI $11,239 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$147.8K
$129.3K – $172.4K
NOI $10,345 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$322.4K
$282.1K – $376.2K
NOI $22,571 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 18042, PA
44,026
Population
17,932
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
1,992
Density / Sq Mi
$75,806
Median Household Income
$40,015
Median Earnings
$1,245
Median Rent
$205,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate one- and two-bedroom apartments include attic storage and backyard access.
Where is this duplex located?
The property is located at 1039 Washington Street Easton, PA.
What is the asking price?
The asking price for this property is $347,000.
What are key features of this property?
This property features: Two apartments: one bedroom on the first floor and two bedrooms on the second; 1,700 square feet of building area on a 0.046‑acre lot; First‑floor apartment has direct backyard access
