Two-Unit Residential Income
24 North 13th Street Easton, PA 18042
24 North 13th Street, Easton, PA, 18042
Contact for pricing
For Sale
Contact for pricing
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 Market34
Property Features for 24 North 13th Street
General Information
- Standard status
- Active
- Size
- 1,447 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency
EXP Realty
Listed by
Akinlana Popoola · License #RS379206
Source
Crexi
Added: Jun 15 Checked: Jul 17 at 9:55 am
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
Local 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 | $14.8k | $10.20 |
| − Vacancy | −$1.1k | −$0.76 |
| EGI | $13.7k | $9.44 |
| − OpEx | −$4.1k | −$2.83 |
| NOI | $9.6k | $6.61 |
1,447 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
