This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

960 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

506 Northampton St

7 Unit Apartment Building $2,003,066 CAD ($286,152 CAD/Unit) 7.25% Cap Rate Easton, PA 18042

Apartment Buildings Pennsylvania Easton 506 Northampton St, Easton, PA 18042

INVESTMENT HIGHLIGHTS

  • Opportunity to Add High-End Finishes for Increased Value. Rental comparables support demand for higher-level finishes in the area.
  • Projected 23-29% AAR and 8-9% CoC Return. Finish our business plan by renovating units to capture local demand for high-end fit/finishes.es.
  • Located two blocks from the Downtown Easton Circle on Northampton Street.
  • Renovation of Units Can Increase Rents by 20-25%. Improve Gross Scheduled Rent from $11,025 to $14,050 (based on Dec rental comps, see OM).
  • Existing Lease Schedule Allows for Buyer Flexibility. Almost all leases on month-to-month schedule to allow for buyer flexibility.

EXECUTIVE SUMMARY

BEST AND FINAL DUE BY FRI, 1/31. Excellent value-add opportunity. For sale by owner, we just need to exit before fully running our business plan to free up capital for other projects. Proposed business plan is to renovate units to match the B+/A- fit/finishes in neighboring rentals/comparables. Clear path to increase monthly rental income from ~$11k/mo. to ~$14k/mo. (see our rental comparables and pro forma by accessing the offering memorandum by registering/inquiring). Capturing this $36k revenue bump should net you a $450-$515k value increase at a 7-8% cap rate.

PROPERTY FACTS Under Contract

Price $2,003,066 CAD Building Class C
Price Per Unit $286,152 CAD Lot Size 0.06 AC
Sale Type Investment Building Size 8,442 SF
Cap Rate 7.25% Average Occupancy 100%
Gross Rent Multiplier 8.83 No. Stories 4
No. Units 7 Year Built 1900
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Price $2,003,066 CAD
Price Per Unit $286,152 CAD
Sale Type Investment
Cap Rate 7.25%
Gross Rent Multiplier 8.83
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Building Class C
Lot Size 0.06 AC
Building Size 8,442 SF
Average Occupancy 100%
No. Stories 4
Year Built 1900
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 5 $2,039 CAD 650 - 1,050
3+1 1 $2,218 CAD 1,050
Studios 1 $5,313 CAD 2,700

LINKS

1 of 1
Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number L9SE2A 14 10 0310 Improvements Assessment $74,639 CAD
Land Assessment $37,754 CAD Total Assessment $112,393 CAD

PROPERTY TAXES

Parcel Number
L9SE2A 14 10 0310
Land Assessment
$37,754 CAD
Improvements Assessment
$74,639 CAD
Total Assessment
$112,393 CAD

ZONING

Zoning Code BRI
BRI
(612) 559-9317

CONTACTS

  • Daniel Hansen
    Daniel Hansen
  • Vidit Saxena
    Vidit Saxena
  • Decimal Ventures

  • Listing ID: 33506603

  • Date on Market: 2024-10-13

  • Last Updated:

  • Address: 506 Northampton St, Easton, PA 18042

The Easton Multifamily Property at 506 Northampton St, Easton, PA 18042 is currently available. Contact Decimal Ventures for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1/15
506 Northampton St, Easton, PA for sale Building Photo- Image 1 of 15
Building Photo
506 Northampton St, Easton, PA for sale Building Photo- Image 2 of 15
Building Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 3 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 4 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 5 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 6 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 7 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 8 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 9 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 10 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 11 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 12 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Interior Photo- Image 13 of 15
Interior Photo
506 Northampton St, Easton, PA for sale Plat Map- Image 14 of 15
Plat Map

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

506 Northampton St
(612) 559-9317 x

506 Northampton St

1/2

Daniel Hansen

(612) 559-9317

(612) 559-9317

Vidit Saxena

(617) 716-9019

(617) 716-9019

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link