Four-Unit Mixed-Use Income
1610 Washington St Easton, PA 18042
1610 Washington St, Easton, PA, 18042
Contact for pricing
For Sale
Contact for pricing
Fully occupied four-unit building combines apartments with a long-term leased commercial garage.
Property Size3,194 SF
Price / SF$211.33
Days on Market100
Property Features for 1610 Washington St
General Information
- Standard status
- Active
- Size
- 3,194 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
eXp Commercial
(888) 397-7352
Listed by
James Reardon · License #PA RS337438
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 4:58AM Checked: Jul 21 at 4:58AM
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 Commercial
Investment Insights
Based on property information with market context.
This fully occupied four-unit mixed-use income property includes two 3-bedroom apartments, one 1-bedroom apartment, and a commercial garage leased through 2028. The residential layout is spacious, including a first-floor 3-bedroom unit with an oversized living room that could be used as an additional bedroom. Both apartments feature updated flooring to support tenant appeal.
The property is located in a core Lehigh Valley area with strong walkability. Operating expenses are described as relatively low, limited to taxes, insurance, water/sewer/trash, electric, and oil, with tenants reimbursing a large portion of utilities. A new furnace installed in 2022 is noted as improving reliability and helping reduce future capital expenses.
The property is located in a core Lehigh Valley area with strong walkability. Operating expenses are described as relatively low, limited to taxes, insurance, water/sewer/trash, electric, and oil, with tenants reimbursing a large portion of utilities. A new furnace installed in 2022 is noted as improving reliability and helping reduce future capital expenses.
Key Highlights
- Fully occupied 4‑unit mixed‑use property generating $68,568 gross income and $55,638 net income.
- Unit mix includes two 3‑bedroom apartments and one 1‑bedroom apartment.
- Commercial garage is leased through 2028 for long‑term additional income.
Local Financial Insights For Apartment 5plus
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 | $38.3k | $12.00 |
| − Vacancy | −$3.0k | −$0.94 |
| EGI | $35.3k | $11.06 |
| − OpEx | −$15.9k | −$4.98 |
| NOI | $19.4k | $6.09 |
3,194 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$277.7K
$243.0K – $323.9K
NOI $19,436 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.8K
$530.1K – $706.8K
NOI $42,406 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Volkerts auto repair
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Fully occupied four-unit building combines apartments with a long-term leased commercial garage.
Where is this multifamily property located?
The property is located at 1610 Washington St Easton, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully occupied 4‑unit mixed‑use property generating $68,568 gross income and $55,638 net income.; Unit mix includes two 3‑bedroom apartments and one 1‑bedroom apartment.; Commercial garage is leased through 2028 for long‑term additional income.
