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Investment Highlights
- 7-residential units, 3 individual rented garage bays/parking spots
- Separate electric and heat to all units
- NFPA 72 fire alarm certification completed in 2025
- 1/2 block from Lafayette College
- Many updates and renovations
Executive Summary
7-unit investment opportunity in Easton’s desirable College Hill neighborhood, just one block from Lafayette College. The property includes a mix of apartments along with a detached garage featuring 3 separate bays, providing additional income potential. Separate electric and heat for all units contribute to an efficient expense structure. Recent improvements include multiple unit renovations, as well as common area and garage upgrades, enhancing overall functionality and long-term value. Opportunity exists to further optimize rents and increase income over time. NFPA 72 fire alarm certification completed in 2025. Schedule your appointment today. Some photos have been virtually staged. Positioned on a hilltop overlooking the Delaware River, the property benefits from strong and consistent rental demand due to its proximity to Lafayette College, downtown Easton, and local restaurants, shops, and amenities. College Hill is widely regarded as one of Easton’s most desirable residential areas. Easton, the county seat of Northampton County, sits at the confluence of the Delaware and Lehigh Rivers and has experienced significant downtown revitalization in recent years. The property is well-positioned within the broader Lehigh Valley market, offering convenient access to major employment centers, transportation routes, and regional amenities. An excellent opportunity for investors seeking a well-located multifamily asset with strong demand and long-term growth potential.
Property Facts
| Price | $1,295,000 | Building Class | B |
| Price Per Unit | $185,000 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 4,154 SF |
| Cap Rate | 6.51% | Average Occupancy | 0% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Zoning | BNS | ||
| Price | $1,295,000 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 4,154 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | BNS |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | L9NE2C-18-11-0310 | Improvements Assessment | $57,600 |
| Land Assessment | $23,300 | Total Assessment | $80,900 |
Property Taxes
Parcel Number
L9NE2C-18-11-0310
Land Assessment
$23,300
Improvements Assessment
$57,600
Total Assessment
$80,900
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133 Cattell St
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