2-Unit Duplex with Backyard
New
For Sale
$347,000
1039 WASHINGTON Street, Easton, PA 18042
Multi-Family, EASTON, PA
Property Size1,575 SF
Lot Size0.05 Acres
Price / SF$220.32
Days on Market2
Property Features for 1039 WASHINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room
Parking features
On Street
Interior features
Combination Kitchen/Dining, Dining Area
Appliances
Microwave, Oven/Range - Electric, Refrigerator
Subdivision
NOT IN DEVELOPMENT
Elementary school
PAXINOSA
Middle school
EASTON AREA MIDDLE SCHOOL 7-8
High school
EASTON AREA
Elementary school district
EASTON AREA
Middle school district
EASTON AREA
High school district
EASTON AREA
Standard status
Active
Size
1,575 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3424
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Ceiling Fan(s)
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Keller Williams Real Estate - Bethlehem · Keller Williams Realty
(610) 867-8888
Listed By:
Kelly Houston · License #RS337374
(484) 893-4518
Added: Oct 17
Last Checked: Oct 18 at 3:06PM
MLS# PANH2010862
Copyright © 2026 Bright MLS. 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 1,575-square-foot Colonial duplex, built in 1900, contains two apartments: a first-floor one-bedroom and an upper-level two-bedroom. The lower apartment opens directly to the backyard. The upper unit includes attic storage space. Laminate flooring and high ceilings are present throughout, and the property has vinyl siding.
The 0.0461-acre parcel is in Easton, Pennsylvania. Building systems include electric baseboard heat and ceiling fans for cooling; parking is on the street. The kitchens are equipped with an electric range, refrigerator, and microwave.
The 0.0461-acre parcel is in Easton, Pennsylvania. Building systems include electric baseboard heat and ceiling fans for cooling; parking is on the street. The kitchens are equipped with an electric range, refrigerator, and microwave.
Key Highlights
- Two‑apartment layout: one‑bedroom first‑floor unit and two‑bedroom second‑floor unit
- 1,575 square feet on a 0.0461‑acre parcel
- First‑floor apartment has direct backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,412
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,240
$208.2K
Cap Rate 7%
$148,743
$148.7K
Cap Rate 9%
$115,689
$115.7K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$16.1K $10.20/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$14.9K $9.44/SF
− OpEx
−$4.5K −$2.83/SF
NOI
$10.4K $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%
$208,240
Cap Rate 7%
$148,743
Cap Rate 9%
$115,689
Alternative Uses
Best Use
Multifamily LT 5
$148.7K
$130.2K – $173.5K
NOI $10,412 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$136.9K
$119.8K – $159.7K
NOI $9,584 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$298.7K
$261.4K – $348.5K
NOI $20,911 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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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 - Two distinct apartment layouts include a ground-floor residence with direct access to the backyard.
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‑apartment layout: one‑bedroom first‑floor unit and two‑bedroom second‑floor unit; 1,575 square feet on a 0.0461‑acre parcel; First‑floor apartment has direct backyard access
