Turnkey 4-Unit Multifamily with
1337 Washington Street Easton, PA 18042
New
For Sale
$530,000
MULTI_FAMILY - Easton, PA
Property Size3,778 SF
Lot Size0.09 Acres
Price / SF$140.29
Days on Market2
Property Features for 1337 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
RMD
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 4
Parking
2
Parking features
Off Street, On Street, Garage
Standard status
Active
APN
L9SW2C 23 12 0310
Size
3,778 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6532
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1922
Floors in Building
3
Number of units
4
Building materials
Stone, VinylSiding
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Jennifer L. DeJesus · License #RM423820
(610) 217-6330
Added: Jul 29
Last Checked: Jul 30 at 10:06AM
MLS# 781633
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Turnkey 4-unit multifamily property presented in ready-to-rent condition. The building includes three residential apartments and a detached 2-car garage with a loft. Interior updates feature durable luxury vinyl plank flooring. Tenants are responsible for all utilities, as well as lawn care and snow removal, supporting low owner operating expense. The property is reported as fully occupied, with gross annual income of $63,624 and net income of $54,746.
Located in Easton, Pennsylvania, the property is described as just minutes from downtown Easton and nearby shopping and dining, with access to major commuter routes.
The property is zoned RMD. Lot size is listed at 0.088 acres, and total property size is listed at 3,778 square feet.
Located in Easton, Pennsylvania, the property is described as just minutes from downtown Easton and nearby shopping and dining, with access to major commuter routes.
The property is zoned RMD. Lot size is listed at 0.088 acres, and total property size is listed at 3,778 square feet.
Key Highlights
- Fully occupied 4‑unit multifamily property in Easton, PA, with gross annual income of $63,624 and net income of $54,746.
- Three residential apartments plus a detached 2‑car garage with a loft, adding additional functional space on‑site.
- Year built 1922; exterior materials include stone and vinyl siding.
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied 4-unit property with updated flooring and a detached 2-car garage with loft, plus tenant-paid utilities.
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: Fully occupied 4‑unit multifamily property in Easton, PA, with gross annual income of $63,624 and net income of $54,746.; Three residential apartments plus a detached 2‑car garage with a loft, adding additional functional space on‑site.; Year built 1922; exterior materials include stone and vinyl siding.
