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1101 Lehigh St 1101 Lehigh St 4 Unit Apartment Building $829,000 ($207,250/Unit) 8.80% Cap Rate Easton, PA 18042
INVESTMENT HIGHLIGHTS
- Commercial on 1st Floor
- 2-2 car garages
- 3 Residential Units
EXECUTIVE SUMMARY
Exceptional investment opportunity in the heart of Easton! This completely renovated mixed-use 4-unit property is turn-key and ready for tenants. The first floor features a prime commercial space ideal for retail or office use, while the upper floors offer three luxury apartments — two spacious 2-bedroom units and one stylish 1-bedroom unit. Each apartment boasts brand-new kitchens with soft-close cabinetry, granite counters, stainless steel appliances, luxury vinyl plank flooring, new carpet, fresh paint, and modern bathrooms with updated fixtures. A full sprinkler system provides peace of mind throughout the building. Additional income potential with two oversized 2-car garages. With all major systems and finishes updated, this property offers excellent cash-flow potential for investors seeking a hassle-free, income-producing asset in a growing Easton location.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$79,600
|
$19.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,600
|
$19.24
|
| Taxes |
$2,700
|
$0.65
|
| Operating Expenses |
$8,000
|
$1.93
|
| Total Expenses |
$10,700
|
$2.59
|
| Net Operating Income |
$68,900
|
$16.65
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $79,600 |
| Annual Per SF | $19.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $79,600 |
| Annual Per SF | $19.24 |
| Taxes | |
|---|---|
| Annual | $2,700 |
| Annual Per SF | $0.65 |
| Operating Expenses | |
|---|---|
| Annual | $8,000 |
| Annual Per SF | $1.93 |
| Total Expenses | |
|---|---|
| Annual | $10,700 |
| Annual Per SF | $2.59 |
| Net Operating Income | |
|---|---|
| Annual | $68,900 |
| Annual Per SF | $16.65 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Heating
- Granite Countertops
- Sprinkler System
- Stainless Steel Appliances
- Double Pane Windows
SITE AMENITIES
- Individual Locking Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,475 | - |
| 1+1 | 1 | $1,300 | - |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | L9SE1D-14-2-0310 | Total Assessment | $24,300 |
| Land Assessment | $16,300 | Annual Taxes | $2,700 ($0.65/SF) |
| Improvements Assessment | $8,000 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
L9SE1D-14-2-0310
Land Assessment
$16,300
Improvements Assessment
$8,000
Total Assessment
$24,300
Annual Taxes
$2,700 ($0.65/SF)
Tax Year
2025
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1101 Lehigh St | 1101 Lehigh St
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