1304 Washington StEaston, PA 18042

Property Details for 1304 Washington St

Property size (Sq ft)

2,200 SF

Property type

Apartment buildings

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.

Location Insight

City

Easton

County

Northampton

State

Pennsylvania

Latitude

40.6863

Longitude

-75.2282

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