This Multifamily Property is no longer advertised on LoopNet.com.

506 Northampton St
Easton, PA 18042
Multifamily Property For Sale · 7 Units

Investment Highlights

  • Opportunity to Add High-End Finishes for Increased Value. Rental comparables support demand for higher-level finishes in the area.
  • Projected 23-29% AAR and 8-9% CoC Return. Finish our business plan by renovating units to capture local demand for high-end fit/finishes.es.
  • Located two blocks from the Downtown Easton Circle on Northampton Street.
  • Renovation of Units Can Increase Rents by 20-25%. Improve Gross Scheduled Rent from $11,025 to $14,050 (based on Dec rental comps, see OM).
  • Existing Lease Schedule Allows for Buyer Flexibility. Almost all leases on month-to-month schedule to allow for buyer flexibility.

Property Facts

No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Building Class C
Lot Size 0.06 AC
Building Size 8,442 SF
Average Occupancy 100%
No. Stories 4
Year Built 1900
Zoning BRI

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 5 $1,420 650 - 1,050
3+1 1 $1,545 1,050
Studios 1 $3,700 2,700

Property Taxes

Property Taxes

Parcel Number
L9SE2A 14 10 0310
Land Assessment
$26,100
Improvements Assessment
$51,600
Total Assessment
$77,700
  • Listing ID: 33506603

  • Date on Market: 10/13/2024

  • Last Updated:

  • Address: 506 Northampton St, Easton, PA 18042

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