133 Cattell St, Easton, PA 18042

Property 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. All apartments are separately metered (approx. 2007) 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. Siding (2021&22), lighting (2022), gutters (2019), newer appliances, flooring, paint, roofing, sidewalks, windows and doors. (see list). Whole building fire alarm system. The lush shared backyard is very appealing in the heart of College Hill. 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. The property currently generates an annualized rent roll of approx. $108k at full occupancy while maintaining remarkably low operating expenses. Six of the seven apartments are currently occupied, with one lease to be finalized shortly. 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.