Duplex with
New
For Sale
$299,900
1434 Butler Street, Easton, PA 18042
Both apartments are occupied, including a long-term first-floor Section 8 tenancy.
Property Size2,160 SF
Price / SF$138.84
Days on Market5
Property Features for 1434 Butler Street
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Residential Income
Zoning
10RMD
Occupancy
100%
Net Operating Income
$23,914
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Gross Income
$32,340
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,082
Amenities
true
2
3
Assessor
Public
3080
0.071
Public Records
Building Details
Year Built
1900
Stories
2
Listing Agency:
(610) 890-9942
Listed By:
Andrew Dilg
Source:
Corbyrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 3 at 6:32AM
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 Andrew Dilg
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Investment Insights
Based on property information with market context.
This 2,160-square-foot duplex at 1434 Butler Street in Easton contains one one-bedroom apartment and one two-bedroom apartment. Both are occupied, and the first-floor resident is a long-term Section 8 tenant. The property was built in 1900 and includes a garage, which may provide an additional income source.
Tenants pay their own electric bills. The owner is responsible for water, sewer, trash, and gas used for hot water and cooking. The property is zoned 10RMD.
Tenants pay their own electric bills. The owner is responsible for water, sewer, trash, and gas used for hot water and cooking. The property is zoned 10RMD.
Key Highlights
- Two apartments: one 1‑bedroom unit and one 2‑bedroom unit
- Both units are occupied; the first‑floor apartment has a long‑term Section 8 tenant
- 2,160 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,280
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,600
$285.6K
Cap Rate 7%
$204,000
$204.0K
Cap Rate 9%
$158,667
$158.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$22.0K $10.20/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$20.4K $9.44/SF
− OpEx
−$6.1K −$2.83/SF
NOI
$14.3K $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%
$285,600
Cap Rate 7%
$204,000
Cap Rate 9%
$158,667
Alternative Uses
Best Use
Multifamily LT 5
$204.0K
$178.5K – $238.0K
NOI $14,280 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$187.8K
$164.3K – $219.1K
NOI $13,144 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$409.7K
$358.5K – $478.0K
NOI $28,678 @ 7.0% cap · market cap 9.56%
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
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,174
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?
Duplex - Both apartments are occupied, including a long-term first-floor Section 8 tenancy.
Where is this duplex located?
The property is located at 1434 Butler Street 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 apartments: one 1‑bedroom unit and one 2‑bedroom unit; Both units are occupied; the first‑floor apartment has a long‑term Section 8 tenant; 2,160 square feet
