Six-Unit Apartment
For Sale
$950,000
657 Northampton St, Easton, PA 18042
Fully occupied multifamily property with primarily tenant-paid utilities, substantial parking, and a roof installed in 2024.
Property Size4,596 SF
Price / SF$206.70
Days on Market12
Property Features for 657 Northampton St
General Information
Standard status
Active
Size
4,596 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$8,657
Listing Agency:
Light House Realty LV LLC
(484) 279-0084
Listed By:
Justin G. Brown
Source:
Exprealty
Added: Jul 26
Changed: Aug 6
Last Checked: Aug 6 at 2:29AM
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 Light House Realty LV LLC
Investment Insights
Based on property information with market context.
Located at 657 Northampton St in Easton, this six-unit apartment property is fully occupied and includes substantial parking. The roof was replaced in 2024, and utilities are primarily paid by tenants, supporting a straightforward operating structure.
The property is positioned minutes from downtown Easton’s shops, restaurants, and riverfront district. Its six-unit configuration and current occupancy make it a compact multifamily asset with established tenancy.
The property is positioned minutes from downtown Easton’s shops, restaurants, and riverfront district. Its six-unit configuration and current occupancy make it a compact multifamily asset with established tenancy.
Key Highlights
- Six‑unit apartment property with all units occupied
- Roof replaced in 2024
- Utilities are primarily paid by tenants
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 | $55.2k | $12.00 |
| − Vacancy | −$4.3k | −$0.94 |
| EGI | $50.9k | $11.06 |
| − OpEx | −$22.9k | −$4.98 |
| NOI | $28.0k | $6.09 |
4,596 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$399.5K
$349.6K – $466.1K
NOI $27,968 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$871.7K
$762.8K – $1.02M
NOI $61,020 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,114
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with primarily tenant-paid utilities, substantial parking, and a roof installed in 2024.
Where is this apartment building located?
The property is located at 657 Northampton St 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: Six‑unit apartment property with all units occupied; Roof replaced in 2024; Utilities are primarily paid by tenants
