Two-Unit Duplex with Backyard
New
For Sale
$347,000
1039 Washington Street, Easton, PA 18042
Residential Income, Easton, PA
Property Size1,700 SF
Lot Size0.05 Acres
Price / SF$204.12
Days on Market6
Property Features for 1039 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Basement, Bedroom 2
Interior features
Eat-in Kitchen, Ceiling Fan(s)
Basement
Unfinished
Appliances
Electric Range, Refrigerator, Microwave
Lot features
Level
Subdivision
Easton City
Standard status
Active
APN
5066-12-3190-4852
Size
1,700 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 21 /Lot: 40 /School District: 04-Nazareth Area /Fuel Type: Gas
Tax Annual Amount
3424
Legal Description
Block: 21 /Lot: 40 /School District: 04-Nazareth Area /Fuel Type: Gas
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
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Fiberglass, Asphalt
Architectural style
Colonial
Listing Agency:
Keller Williams Real Estate - Northampton Co · Keller Williams Realty
Listed By:
Kelly Houston
(610) 867-8888
Added: Oct 13
Changed: Oct 17
Last Checked: Oct 18 at 3:06PM
MLS# PM-145593
Copyright © 2026 Pocono Mountains Association of 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 and a second-floor two-bedroom unit. The lower apartment opens directly to the backyard, while the upper unit includes attic space. Vinyl flooring, an eat-in kitchen, ceiling fans, and oil heat are among the property’s features. The building dates to 1900 and has vinyl siding, a fiberglass and asphalt roof, public water, and public sewer.
Key Highlights
- Two apartments: one‑bedroom first‑floor unit and two‑bedroom second‑floor unit
- 1,700 square feet on a 0.05‑acre lot
- Ground‑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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Current Use
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer one- and two-bedroom layouts, with attic storage in the upper residence.
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 first‑floor unit and two‑bedroom second‑floor unit; 1,700 square feet on a 0.05‑acre lot; Ground‑floor apartment has direct backyard access
