133 Cattell St,EASTON, PA 18042
EASTON, PA 18042
Description
Great investment opportunity in Easton's highly sought-after College Hill neighborhood, across the street from the Lafayette College campus. 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. 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 contributing to the property's long-term operational stability. The property currently generates an annualized rent roll of approx. $107k at full occupancy while maintaining remarkably low operating expenses. 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.
Details
| MLS # | PANH2009682 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1900 |
| Days On Site | 185 |
| Listing Provided By | Howard Hanna The Frederick Group | Carmela Wilson |
Features
| Zoning | BNS/CHSCO |
|---|---|
| Acreage | 0.08 |
| Property View | City, Panoramic |
Interior
| Cooling | Ceiling Fan(s), Wall Unit, Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Roof | Slate, Flat |
|---|---|
| Construction Materials | Vinyl Siding |
| Lot Features | Corner, Rear Yard |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Utilities | Cable TV, Natural Gas Available |
|---|
Taxes
| Tax Annual Amount | 8821 |
|---|
Area Information
| State | PA |
|---|---|
| County | NORTHAMPTON PA |
| City | EASTON |
| Zip Code | 18042 |
| Area | Easton City (12410) |
| Community Name | COLLEGE HILL |
| School District | EASTON AREA |
| High School | EASTON AREA |
| Listing VS Median (in COLLEGE HILL) | |
Price: $1,185,000 low | high Med: $540,000 On site: 185 low | high Med: 37 | |
Market Activity 18042
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Learn More About This Property
| State | PA |
|---|---|
| County | NORTHAMPTON PA |
| City | EASTON |
| Zip Code | 18042 |
| Area | Easton City (12410) |
| Community Name | COLLEGE HILL |
| School District | EASTON AREA |
| High School | EASTON AREA |
| Listing VS Median (in COLLEGE HILL) | |
Price: $1,185,000 low | high Med: $540,000 On site: 185 low | high Med: 37 | |
 | $1,185,000133 Cattell StreetEaston, PA 18042 |
 | $1,185,000133 Cattell StreetEaston, PA 18042 |