1304 Washington St Easton, PA 18042
- Commercial real estate
- 2,200 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1304 Washington St
- Property size
- 2,200 SF
- Property type
- Commercial real estate
Description
This exceptional 2-unit apartment building, located at 1304 Washington Street in Easton, Pennsylvania, presents a compelling investment opportunity. Priced at $399,000, this stabilized property boasts a substantial net operating income (NOI) of $25,052, translating to an attractive 6.28% capitalization rate. The building, totaling 2,200 square feet on a 2,688 square foot lot, features three stories and underwent renovations in 2021. Upgrades include a modern high-speed technology/security system with cameras, recently installed HVAC and mini-split A/C systems, two water heaters, new windows, updated electrical wiring throughout, new electrical meters and panels, updated plumbing, and modern vinyl plank flooring. The property is zoned R-MD-RESIDENTIAL and offers a strong rental history, generating a gross profit of $35,150 last year. Situated in a desirable Easton location, this multifamily investment provides a blend of immediate income and long-term appreciation potential. The property's strong financials, recent renovations, and prime location make it an ideal addition to any investment portfolio. This is a turnkey opportunity for investors seeking a stable, high-performing asset in a thriving Pennsylvania market. The building's solid tenant base ensures consistent cash flow, making it an attractive option for both experienced and novice investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Easton
- County
- Northampton
- State
- Pennsylvania
- Longitude
- -75.2281604
- Latitude
- 40.6862897
