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1440 Washington St 12 Unit Apartment Building $2,000,000 ($166,667/Unit) 6.60% Cap Rate Easton, PA 18042
EXECUTIVE SUMMARY
This well-maintained, fully occupied 12-unit apartment building offers an excellent investment opportunity. The property features six one-bedroom units and six spacious two-bedroom units. Tenants enjoy convenient amenities including a coin-operated laundry facility, off-street parking and a secure intercom entry system. The owner covers utilities for the laundry area, common area and parking lot lighting, as well as lawn care, snow removal, and trash service—ensuring a hassle-free living experience for residents. The tenants pay all of their own utilities - which makes managing the property easier for the owner. Recent improvements include state-of-the-art fire monitoring system and cameras - enhancing safety and peace of mind for both tenants and owner. PLEASE CALL BETSEY WENGER @ 610-216-3809
PROPERTY FACTS
| Price | $2,000,000 | Building Class | B |
| Price Per Unit | $166,667 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 21,091 SF |
| Cap Rate | 6.60% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.91 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1920 |
| Property Type | Multifamily | Parking Ratio | 1.75/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | 10RMD | ||
| Price | $2,000,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Gross Rent Multiplier | 11.91 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 21,091 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.75/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 10RMD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | L9SW2C-25-1-0310 | Improvements Assessment | $95,100 |
| Land Assessment | $49,000 | Total Assessment | $144,100 |
PROPERTY TAXES
Parcel Number
L9SW2C-25-1-0310
Land Assessment
$49,000
Improvements Assessment
$95,100
Total Assessment
$144,100
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1440 Washington St
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