Property Description

Great investment opportunity in Easton's highly sought-after College Hill neighborhood, just 1/2 block from Lafayette College. This well-maintained multifamily property consists of seven residential units and additional income-producing 572 sq ft garage and parking rentals, offering immediate income with upside potential and long-term investment stability. The property will be conveyed with a clear City of Easton Certificate of Occupancy, providing added confidence and value for the next owner. Also well-suited for 1031 exchange buyers offering a quick settlement. All apartments are separately metered for electric and heat. Four of the seven apartments have been renovated within the past three years, and the property has benefited from numerous capital improvements reflecting ongoing ownership investment and contribute to the property's overall condition and long-term operational stability. The property currently generates an annualized rent roll of approx. $107k at full occupancy while maintaining remarkably low operating expenses of approximately $23k per year. Six of the seven apartments are currently occupied, with one recently vacated unit intentionally left available for a new owner. College Hill remains one of Easton's most desirable rental markets, supported by proximity to Lafayette College, downtown Easton, major employers, and regional transportation routes. The combination of a strong residential unit mix, ancillary garage and parking income, low expense ratio, recent improvements, and a clear Certificate of Occupancy creates an attractive opportunity for investors seeking stable income with future upside potential.

Property Features

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