Easton Multifamily Investment
697 Ferry St Easton, PA 18042
697 Ferry St, Easton, PA, 18042
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For Sale
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Fully occupied eight-unit apartment building in prime Easton location.
Property Size4,506 SF
Price / SF$243.90
Days on Market144
Property Features for 697 Ferry St
General Information
- Standard status
- Active
- Size
- 4,506 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency
eXp Commercial
Listed by
James Reardon · License #PA RS337438
Source
Crexi
Added: Feb 24 Checked: Jul 17 at 4:23 am
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Investment Insights
Based on property information with market context.
This fully occupied eight-unit investment property generates $99,000 in gross income and $79,156 in net income. The asset comprises eight spacious 1-bedroom apartments, offering a consistent unit mix supported by strong rental demand in the Easton market. All units are currently leased, providing immediate and stable cash flow. Tenants are responsible for their own electric and heating. Landlord expenses are limited to taxes, insurance, and water/sewer/trash. The property is a solid brick building, enhancing long-term durability and reducing exterior maintenance. The flat roof has been recently recoated. Each apartment offers spacious layouts that attract steady tenant demand. Additional value is supported by a large basement, suitable for tenant storage or the potential addition of common laundry facilities, creating further income enhancement opportunities. Positioned in an exceptional Easton location, this is a rare opportunity to acquire a larger multifamily asset in a prime rental corridor where occupancy remains consistently strong. The property size is 4506 square feet.
Key Highlights
- Fully occupied, generating $99,000 gross and $79,156 net income, providing immediate cash flow.
- Located in an exceptional Easton location with strong rental demand and minimal vacancy risk.
- Solid brick building with a recently recoated flat roof, ensuring long‑term durability.
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FAQs
What type of property is this?
Apartment building - Fully occupied eight-unit apartment building in prime Easton location.
Where is this apartment building located?
The property is located at 697 Ferry St Easton, PA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Fully occupied, generating $99,000 gross and $79,156 net income, providing immediate cash flow.; Located in an exceptional Easton location with strong rental demand and minimal vacancy risk.; Solid brick building with a recently recoated flat roof, ensuring long‑term durability.
