214 West Madison Street 216, Easton PA 18042 Photo 1 214 West Madison Street 216, Easton PA 18042 Photo 2 214 West Madison Street 216, Easton PA 18042 Photo 3 214 West Madison Street 216, Easton PA 18042 Photo 4 214 West Madison Street 216, Easton PA 18042 Photo 5 214 West Madison Street 216, Easton PA 18042 Photo 6 214 West Madison Street 216, Easton PA 18042 Photo 7

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214 West Madison Street - A rare opportunity to own a fully-rented multi-unit investment property in Easton! Two buildings, six total rental units - all on one deed. The front building is 214 & 216 W Madison Street: a brick 4-unit. The rear building is 217 & 219 Orchard Street: a side-by-side 2-unit. It’s in a fantastic location on the South Side Of Easton, high above the Lehigh River and overlooking the city, but extremely close to Downtown. Walk to Centre Square, the parking garages, and the bus station in minutes! Tenants will enjoy the convenience to all major roadways as well, including routes 78, 22, and 33. Some parking is included - each side of the Orchard Street building has its own off-street parking. This property could use some maintenance and updating, and will be sold “as-is”. It is priced accordingly. The numbers are solid and there’s tremendous upside for the savvy investor. This type of property doesn’t become available often, and will be a great addition to any portfolio!

Listing information

  • MLS® ID: 562261
  • Beds: 8
  • Stories: 3
  • Total Square Footage: 2,520 ($148.81 per sq. foot)
  • County: Northampton
  • Style: Multi-Family
  • Baths: 6 (Full: 6 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Lot Area: 0.19
  • School District: Easton
  • Year Built: 1920
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $8,573
  • Subdivision: Not in Development

Features

Area South Easton
Construction Brick, Vinyl
Cooling No Air
Other Electric - 0, Gas - 0, Gross Income - 52833, Heat - 0, Net Income - 31947, Operating Expense - 20886, Other Expenses - 0, Use Code - 0, Water/Sewer - 0, Zoning Code - R-Md
Parking None
Property Category Apartment Style, Both Halves
Sewer Public
Special Sale Conditions Not Applicable
Water Public
Listing Courtesy of Coldwell Banker Heritage R E