Updated Quadplex with
1337 Washington Street, Easton, PA 18042
For Sale
$530,000
Pending
Fully occupied property with tenant-paid utilities, lawn care, and snow removal.
Property Size3,778 SF
Days on Market104
Property Features for 1337 Washington Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Net Operating Income
Additional Details
Gross Income
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Steel City Realty
Listed By:
Jennifer L. DeJesus · License #PA RM423820
(610) 217-6330
Source:
Bhhspaulfordrealtors
Added: Jul 29
Changed: Nov 5
Last Checked: Nov 8 at 1:16PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$24,976
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,520
$499.5K
Cap Rate 7%
$356,800
$356.8K
Cap Rate 9%
$277,511
$277.5K
Market Conditions
NOI Build-Up for 3,778 SF
Gross rent
$38.5K $10.20/SF
− Vacancy
−$2.9K −$0.76/SF
EGI
$35.7K $9.44/SF
− OpEx
−$10.7K −$2.83/SF
NOI
$25.0K $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%
$499,520
Cap Rate 7%
$356,800
Cap Rate 9%
$277,511
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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?
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
