$245,000
 $1,315 est/mo Sourced by Back At You

127 South 13th Street,Easton, PA 18042

Easton, PA 18042

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Description

Opportunity to improve rental income at this Easton two-unit property featuring a one-bedroom apartment and a three-bedroom apartment, a covered front porch, and a rear yard. Both units are occupied by long-term tenants, with current rents of $745 and $1,013 per month, totaling $21,096 annually. Both apartments need cosmetic renovation, offering an opportunity for a hands-on investor to update the interiors and improve rental performance over time. Listing agent estimates potential rents following appropriate improvements at $1,250 and $1,700 per month, totaling $35,400 annually. These figures are projections, not current income or guaranteed results. Tenants currently pay for heat, while the owner pays water/sewer, with trash included per seller information. Separate water meters offer an opportunity to evaluate future tenant utility reimbursement, subject to existing leases and applicable billing requirements. Well suited to an owner-managed investment strategy, with potential income growth through renovation and future leasing. Property is tenant occupied and sold subject to existing leases; no vacancy or timeline for achieving projected rents is represented. Owner financing may be possible with acceptable offer. 6%, IO payments, 2 Year balloon mandatory, 1st lien position only, 20% down minimum and added expense for owner finance mortgage will be applied to buyer side closing costs.

Details

MLS #784240
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1900
Days On Site41
Listing Provided ByThe Real Estate Firm&PropMngmt | Frank J. Renaldi, Jr.

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet1,928
Story(s)2
Units2
Zoning10RMD
Acreage0.07

Parking

Parking FeaturesOn Street

Taxes

Tax Annual Amount3990.86

Area Information

StatePA
CountyNorthampton
CityEaston
Zip Code18042
AreaEaston
Community NameNot in Development
Listing VS Median (in Not in Development)
Price:
$245,000
low | high
Med:
$295,000
29.591836734694% of Average
sqft:
1,928
low | high
Med:
1,601
66.960580912863% of Average
$ / sqft:
$127
low | high
Med:
$184
4.998789022167% of Average
On site:
41
low | high
Med:
104
39.423076923077% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Meg Roth

Meg Roth

Class Harlan Real Estate

#RS284668 (215) 280-4899meggieroth@gmail.com
StatePA
CountyNorthampton
CityEaston
Zip Code18042
AreaEaston
Community NameNot in Development
Listing VS Median (in Not in Development)
Price:
$245,000
low | high
Med:
$295,000
29.591836734694% of Average
sqft:
1,928
low | high
Med:
1,601
66.960580912863% of Average
$ / sqft:
$127
low | high
Med:
$184
4.998789022167% of Average
On site:
41
low | high
Med:
104
39.423076923077% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $183K - $306K
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
128 South 13th Street Property Photo 1
$199,200
128 South 13th Street
Easton, PA 18042
1238 Lehigh Street Property Photo 1
$195,000
1238 Lehigh Street
Easton, PA 18042
Listing Updated: September 29, 2026 at 3:23:31 AM PDT