1251 Northampton Street

Easton, PA 18042

Turnkey 2-Unit Investment – Elite 8.79% Actual Cap Rate with Massive Capital Updates & Value-Add Utility Upside! Description: Attention yield-hungry investors and house-hackers! This meticulously maintained 2-unit multi-family property hits the market at an unbeatable $355,000, delivering a staggering 8.79% actual cap rate right out of the gate. Boasting an ultra-efficient 17.5% operating expense ratio, this property features highly optimized, separate tenant utility footprints that insulate your bottom line from tenant usage spikes. The heavy lifting has already been completely done for you. The building features an extensive list of high-ticket capital improvements engineered for longevity and rock-solid cash flow, including: * Completely Updated Electric: Both units completely rewired, including the installation of a dedicated landlord house meter. * Upgraded Mechanicals: Two brand new hot water heaters, two new energy-efficient boilers, and a newly installed chimney liner. * Modernized Plumbing Footprint: The entire plumbing system was strategically redesigned so that a new owner can easily separate the water and sewer lines per unit—offering a massive, low-cost value-add opportunity to bill 100% of utilities back to the tenants and explode your net returns. * Turnkey Interior & Exterior Updates: Brand new flooring installed throughout both units, multiple newly replaced windows, and a durable roof replacement (completed approx. 2013). The lower unit commands $1,475/month and the upper unit brings in $1,675/month, combining for a reliable $37,800 in annual gross income against microscopic owner expenses. Whether you want to collect passive cash flow on day one or live in one unit while letting the other pay your mortgage, this asset represents the ultimate inflation-proof addition to your portfolio. Schedule your tour today before this high-yield gem is gone!

Listing courtesy of Joseph E. Paranee of Paranee Properties



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Data last updated at: 2026-09-09 01:22 PM UTC