Updated Quadplex with
New
For Sale
$530,000
1337 Washington Street, Easton, PA 18042
Fully occupied property with tenant-paid utilities, lawn care, and snow removal.
Property Size3,778 SF
Days on Market7
Property Features for 1337 Washington Street
General Information
Standard status
Active
Size
3,778 SF
Total Parking Spaces
2
Property subtype
Apartment
Occupancy
100%
Net Operating Income
$54,746
Additional Details
Gross Income
$63,624
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,531
Building Details
Building Size
3,778 SF
Year Built
1922
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Jennifer L. DeJesus · License #RM423820
Source:
Bhhspaulfordrealtors
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 5:29AM
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 Steel City Realty
Investment Insights
Based on property information with market context.
This fully occupied quadplex in Easton, Pennsylvania, was built in 1922 and has been updated with luxury vinyl plank flooring. The property includes a detached 2-car garage with a loft, adding functional space beyond the residential units. Tenants are responsible for utilities, lawn care, and snow removal, reducing the owner’s direct management obligations.
Located at 1337 Washington Street, the property is near downtown Easton, shopping, dining, and major commuter routes. Its combination of multifamily housing, a detached garage, and recent interior improvements provides a straightforward configuration for an owner-user or rental property investor.
Located at 1337 Washington Street, the property is near downtown Easton, shopping, dining, and major commuter routes. Its combination of multifamily housing, a detached garage, and recent interior improvements provides a straightforward configuration for an owner-user or rental property investor.
Key Highlights
- Quadplex at 1337 Washington Street in Easton, PA 18042
- Fully occupied multifamily property
- Detached 2‑car garage with loft
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.5k | $10.20 |
| − Vacancy | −$2.9k | −$0.76 |
| EGI | $35.7k | $9.44 |
| − OpEx | −$10.7k | −$2.83 |
| NOI | $25.0k | $6.61 |
3,778 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.8K
$312.2K – $416.3K
NOI $24,976 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$328.4K
$287.4K – $383.2K
NOI $22,990 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$716.6K
$627.0K – $836.0K
NOI $50,160 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,200
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied property with tenant-paid utilities, lawn care, and snow removal.
Where is this quadplex located?
The property is located at 1337 Washington Street Easton, PA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Quadplex at 1337 Washington Street in Easton, PA 18042; Fully occupied multifamily property; Detached 2‑car garage with loft
