1304 WASHINGTON STREET

$385,000

4 Beds 2,228 Sq.Ft. 2,688 Sq.Ft.

Description

Welcome to 1304 Washington Street, Easton, PA--a fantastic opportunity for investors seeking a high-performing, income-generating property! This meticulously maintained asset generated a gross profit of $35,150 last year, offering a net operating income (NOI) of $25,052, which yields an attractive 6.28% cap rate at the listing price of $399,000. Located in a prime area of Easton, this property combines excellent location benefits with strong rental potential. With a solid tenant base and consistent revenue, this property is perfect for both seasoned and new investors looking to expand their portfolio. The area is known for its vibrant community, growing economy, and strong demand for rental properties. Whether you're looking for steady cash flow or a long-term investment, 1304 Washington Street offers the perfect balance of income potential and property value appreciation.

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Location

1304 WASHINGTON STREET, EASTON, PA 18042

Status

Sold

Date Sold

January 8, 2025

Property Amenities

Interior

Appliances Gas Range, Gas Oven, Gas Water Heater, Refrigerator, Dishwasher, Microwave

Total Bedrooms: 4

Area & Lot

Lot Area 2,688 Sq.Ft.

Living area 2,228 Sq.Ft.

MLS® ID PANH2006396

Year Built 1900

School District EASTON AREA

Architecture Styles Side-by-Side, Split Level, Unit/Flat

Type Multi-Family

Status Sold

Exterior

Pool None

Air conditioning Central Air, Multi Units, Electric

Heat type Natural Gas, Forced Air

Water Source Public

Sewer Public Sewer

Parking On Street

Finance

Sales Price $385,000

Maintenance Fee $557 monthly

Real Estate Tax $4,512 yearly

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Work With Us

Michael's experience, knowledge, and outstanding communication skills enable him to advocate for clients and expertly negotiate on their behalf. Whether you are looking to buy your dream home or sell your property at the best possible price, Michael is committed to delivering exceptional results. His friendly and personable demeanor makes him both well-respected by his peers and a trustworthy and reliable agent for his clients.

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$385,000