Two-Unit Residential Income
For Sale
Contact for pricing
24 North 13th Street, Easton, PA 18042
Two-unit setup with a recently renovated studio and an occupied 3-bedroom apartment, plus paid parking income potential.
Property Size1,447 SF
Price / SF$206.63
Days on Market114
Property Features for 24 North 13th Street
General Information
Standard status
Active
Size
1,447 SF
Class
B
Property subtype
Multifamily
Zoning
10RMD
Occupancy
50%
Investment Type
Value Add
Net Operating Income
$26,991
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
EXP Realty
Listed By:
Akinlana Popoola · License #RS379206
(412) 925-5551
Source:
Crexi
Added: Jun 15
Changed: Sep 6
Last Checked: Oct 5 at 5:13PM
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 Realty
Investment Insights
Based on property information with market context.
This two-unit investment property features a large 3-bedroom, 1-bath apartment with attic space and a recently updated studio apartment. The 3-bedroom unit is currently occupied, providing immediate in-place rental income, while the studio has been renovated and can support either continued rental leasing or owner-occupant use. The layout offers flexible occupancy options, including a potential owner-occupant approach where one unit can be lived in while the other unit provides rental support.
The property is located at 24 North 13th Street in Easton, Pennsylvania, described as being in a core Lehigh Valley location with strong walkability. In addition to the residential income, the property offers paid parking spaces to generate an additional revenue stream.
From an expense perspective, landlord costs include taxes, insurance, and water/sewer/trash, while electric is the tenant’s responsibility. The reported gross and net income figures are $35,040 and $26,991, respectively, supporting a straightforward, buy-and-hold oriented profile for investors, or a house-hack style fit for owner-occupants seeking rental assistance while living on-site.
The property is located at 24 North 13th Street in Easton, Pennsylvania, described as being in a core Lehigh Valley location with strong walkability. In addition to the residential income, the property offers paid parking spaces to generate an additional revenue stream.
From an expense perspective, landlord costs include taxes, insurance, and water/sewer/trash, while electric is the tenant’s responsibility. The reported gross and net income figures are $35,040 and $26,991, respectively, supporting a straightforward, buy-and-hold oriented profile for investors, or a house-hack style fit for owner-occupants seeking rental assistance while living on-site.
Key Highlights
- Two‑unit property with $35,040 gross income and $26,991 net income
- Large 3‑bedroom, 1‑bath apartment has attic space and is currently occupied for immediate rental income
- Studio apartment was recently renovated and can be leased at market rent or used for owner‑occupant/house‑hack living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,566
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,320
$191.3K
Cap Rate 7%
$136,657
$136.7K
Cap Rate 9%
$106,289
$106.3K
Market Conditions
NOI Build-Up for 1,447 SF
Gross rent
$14.8K $10.20/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$13.7K $9.44/SF
− OpEx
−$4.1K −$2.83/SF
NOI
$9.6K $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%
$191,320
Cap Rate 7%
$136,657
Cap Rate 9%
$106,289
Alternative Uses
Best Use
Multifamily LT 5
$136.7K
$119.6K – $159.4K
NOI $9,566 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$125.8K
$110.1K – $146.8K
NOI $8,805 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$274.5K
$240.2K – $320.2K
NOI $19,212 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit setup with a recently renovated studio and an occupied 3-bedroom apartment, plus paid parking income potential.
Where is this duplex located?
The property is located at 24 North 13th Street Easton, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit property with $35,040 gross income and $26,991 net income; Large 3‑bedroom, 1‑bath apartment has attic space and is currently occupied for immediate rental income; Studio apartment was recently renovated and can be leased at market rent or used for owner‑occupant/house‑hack living
