607-609 Northampton St, Easton PA Prime Income-Producing 12-Unit Multifamily Asset607-609 Northampton St, Easton, PA 18042Turnkey Investment Opportunity | Coveted Downtown Easton Location | Booming Lehigh Valley MarketUnrivaled commercial investment opportunity to acquire a fully turnkey, 12-unit apartment complex located directly on bustling Northampton Street in the heart of thriving Downtown Easton. Situated within the rapidly growing Lehigh Valley, this stabilized asset is a rare find. It combines immediate cash flow with significantly reduced near-term capital expenditure liability.Property Highlights & Recent Capital UpgradesTurnkey Operations: Most units have been beautifully renovated, attracting top-tier market rents and minimizing immediate unit turnover costs.Modernized Infrastructure: The building has been freshly updated with individual mini-split HVAC units in 100% of the apartments, providing high-efficiency climate control and driving down landlord maintenance overhead.Low Operational Drag: Capital expenditures have been aggressively front-loaded, allowing an investor to step into an optimized, low-maintenance asset from day onePremier Downtown Location & Market LogisticsThe Hub of Easton: Positioned directly on Northampton Street, offering tenants immediate, walkable access to Easton's vibrant downtown dining, retail, and entertainment scene.The Booming Lehigh Valley: Located in one of the most coveted, high-demand submarkets in Pennsylvania, characterized by record-low vacancy rates and strong, sustainable rental growth. Financials & Due DiligenceP&L Availability: Complete profit and loss (P&L) statements and financial data are available for review upon request.Qualification: Financial packets will be released strictly to qualified applicants.
| MLS # | 780547 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 88 |
| Listing Provided By | Paranee Properties | Joseph E. Paranee |
| SQ Feet | 6,544 |
|---|---|
| Zoning | 10BNS |
| Acreage | 0.07 |
| Tax Annual Amount | 9704.56 |
|---|
| State | PA |
|---|---|
| County | Northampton |
| City | Easton |
| Zip Code | 18042 |
| Area | Easton |
| Listing VS Median (in 18042) | |
Price: $1,795,000 low | high Med: $259,950 sqft: 6,544 low | high Med: 1,607 $ / sqft: $274 low | high Med: $162 On site: 88 low | high Med: 34.5 | |
| State | PA |
|---|---|
| County | Northampton |
| City | Easton |
| Zip Code | 18042 |
| Area | Easton |
| Listing VS Median (in 18042) | |
Price: $1,795,000 low | high Med: $259,950 sqft: 6,544 low | high Med: 1,607 $ / sqft: $274 low | high Med: $162 On site: 88 low | high Med: 34.5 | |
![]() | $1,795,000607 Northampton StreetEaston, PA 18042 |