Two-Unit Duplex Investment
For Sale
$299,900
1242 Butler St, Easton, PA 18042
Fully occupied duplex with two large one-bedroom residences and landlord-paid water, sewer, and trash.
Property Size1,304 SF
Price / SF$229.98
Days on Market54
Property Features for 1242 Butler St
General Information
Standard status
Active
Size
1,304 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
EXP Realty LLC
Listed By:
Akinlana Popoola · License #RS379206
(216) 820-1637
Source:
Jennysoldmine
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 7 at 1:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
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Investment Insights
Based on property information with market context.
This 1,304-square-foot duplex, built in 1900, contains two large one-bedroom units. Both residences are occupied by long-term Section 8 tenants, and the property is fully occupied. Landlord responsibilities are limited to water, sewer, and trash, creating a straightforward operating structure.
The property is located at 1242 Butler St in Easton, with access to downtown Easton, Lafayette College, St. Luke’s Easton Campus, shopping, dining, entertainment, and major roads across the Lehigh Valley. Butler Street provides a connected corridor for reaching area amenities and transportation routes.
The property is located at 1242 Butler St in Easton, with access to downtown Easton, Lafayette College, St. Luke’s Easton Campus, shopping, dining, entertainment, and major roads across the Lehigh Valley. Butler Street provides a connected corridor for reaching area amenities and transportation routes.
Key Highlights
- Two‑unit duplex with 1,304 SF of building area
- Two large 1‑bedroom units
- Fully occupied by long‑term Section 8 tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,621
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,420
$172.4K
Cap Rate 7%
$123,157
$123.2K
Cap Rate 9%
$95,789
$95.8K
Market Conditions
NOI Build-Up for 1,304 SF
Gross rent
$13.3K $10.20/SF
− Vacancy
−$986 −$0.76/SF
EGI
$12.3K $9.44/SF
− OpEx
−$3.7K −$2.83/SF
NOI
$8.6K $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%
$172,420
Cap Rate 7%
$123,157
Cap Rate 9%
$95,789
Alternative Uses
Best Use
Multifamily LT 5
$123.2K
$107.8K – $143.7K
NOI $8,621 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$113.4K
$99.2K – $132.3K
NOI $7,935 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$247.3K
$216.4K – $288.6K
NOI $17,313 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
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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 - Fully occupied duplex with two large one-bedroom residences and landlord-paid water, sewer, and trash.
Where is this duplex located?
The property is located at 1242 Butler St Easton, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,304 SF of building area; Two large 1‑bedroom units; Fully occupied by long‑term Section 8 tenants
