Easton Laundromat with Apartment
1811 Butler Street Easton, PA 18042
For Sale
$950,000
Pending
COMMERCIAL - Easton, PA
Property Size6,341 SF
Lot Size0.10 Acres
Days on Market185
Property Features for 1811 Butler Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Standard status
- Pending
- APN
- 5066-15-2251-4489
- Size
- 6,341 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Block: 6 /Lot: 2 /School District: 08-Wilson Area
- Tax Annual Amount
- 5201
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Building materials
- Brick
Listing Agency:
Keller Williams Real Estate - Allentown
(610) 435-1800
Listed By:
Ayon A Codner · License #RS324477
(610) 435-1800
Added: Jan 21
Changed: Apr 25
Last Checked: Jul 25 at 12:06PM
MLS# PM-138437
Copyright © 2026 Pocono Mountains Association of 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.
This property features a three-unit coin-operated laundromat, the building, and its assets. The ground-level laundromat is equipped with 17 front-load washers (including three Jumbo washers), 15 dryers, and 8 top-load washers. The building also includes two apartments for additional revenue. Both Apartment One and Apartment Two are two-bedroom, one-bathroom units with living and dining areas. Apartment One has access to a patio. The building, a community staple for over 100 years, is situated on heavily traveled Butler Street, minutes from Routes 22, 611, and 33, providing high visibility and accessibility. The laundromat offers wash & fold services. The property is zoned C-2 and has a building size of 6,341 square feet and a lot size of 0.1 acres.
Key Highlights
- Three‑unit building with a coin‑operated laundromat and two apartments for diversified revenue streams.
- Fully equipped laundromat with 17 front‑load washers (including three Jumbo) and 15 dryers, plus 8 top‑load washers.
- Prime location on heavily traveled Butler Street, near Routes 22, 611, and 33, ensuring high visibility and accessibility.
Financial Insights For Retail
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 | $76.1k | $12.00 |
| − Vacancy | −$5.9k | −$0.94 |
| EGI | $70.2k | $11.06 |
| − OpEx | −$21.0k | −$3.32 |
| NOI | $49.1k | $7.74 |
6,341 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$701.6K
$613.9K – $818.5K
NOI $49,110 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,188 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wilson Wash-A-Teria
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Sweet Thorn Flora — 1120 Butler St, Easton, PA 18042
- GraceGardenFlorist — 307 5th St, West Easton, PA 18042
- Flower Tent — 2465 Butler St, Easton, PA 18042
FAQs
What type of property is this?
Storefront property - Three-unit laundromat with two apartments on heavily traveled street.
Where is this storefront property located?
The property is located at 1811 Butler Street Easton, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three‑unit building with a coin‑operated laundromat and two apartments for diversified revenue streams.; Fully equipped laundromat with **17 front‑load washers (including three Jumbo) and 15 dryers**, plus 8 top‑load washers.; Prime location on heavily traveled Butler Street, near Routes 22, 611, and 33, ensuring high visibility and accessibility.
