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697 Ferry Street

Easton, PA 18042
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Bed 8

Bed

Bath 8

Bath

SqFt4,506

Sqft

SqFt3,159

Sqft(Lot)

Fully occupied eight-unit investment property generating $99,000 in gross income and $79,156 in net income. The asset consists of eight spacious 1-bedroom apartments, offering a consistent and highly desirable unit mix supported by strong and durable rental demand in the Easton market. All units are currently leased, providing immediate and stable cash flow. Tenants are responsible for their own electric and heating, while landlord expenses are limited to taxes, insurance, and water/sewer/trash, creating a favorable expense structure with predictable operating performance. The property is a solid brick building, enhancing long-term durability and reducing exterior maintenance exposure. The flat roof has been recently recoated, contributing to capital stability and near-term maintenance con fidence. Each apartment offers spacious layouts that continue to attract steady tenant demand. Additional value is supported by a large basement, suitable for tenant storage or the potential addition of common laundry facilities, creating further income enhancement opportunities. Positioned in an exceptional Easton location, this is a rare opportunity to acquire a larger multifamily asset in a prime rental corridor where occupancy remains consistently strong. With durable in-place income, minimal vacancy risk, and operational simplicity, this property is well-suited for investors seeking scale, stability, and long-term performance in a proven market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,099,000

AD Id : 75554081

MLS Id : 772150

Beds : 8

Lot Size : 3,159 Sqft

Living Area Size : 4,506

Year Built : 1900

County : Northampton

Subdivision: Not In Development

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 8 Full Baths: 8
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: Central Air, Wall/Window Unit(s)

  • Building Information

    Year Built: 1900 Construction Materials: Brick Stories: 3 Private Pool: No

  • Lot Information

    Main Square Feet: 3159 Square Feet Lot Size Acres: 0.073 Lot Size Source: Public Records Lot Size Square Feet: 3159

    Property Information

    Subdivision: Not in Development Source Property Type: Residential Income Property SubType: Apartment Property Age: 126

  • Listing Price Information

    Listing Price: $1099000

  • Tax Information

    Parcel Number: L9SE1B 29 35 0310 Annual Tax: $4601.46

  • Parking Information

    Parking Total: 8

  • Location Information

    Direction: From Interstate 78, take the PA-33 exit toward Easton, then follow PA-248 (Northampton St) east into downtown Easton. Turn left onto Ferry Street—697-699 Ferry Street will be on your right WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1855 S Delaware Drive, Easton, PA, 18042 $350,000 1 1 676 676 SqFt
20 Longhill Drive, Easton, PA, 18042 $1,110,000 5 5 4,407 4,407 SqFt
20 Longhill Drive, Easton, PA, 18042 $1,110,000 5 5 4,407 4,407 SqFt
164 E Wilkes Barre Street, Easton, PA, 18042 $255,000 5 2 1,728 1,728 SqFt
315 Brodhead Street, Easton, PA, 18042 $279,000 3 1 1,214 1,214 SqFt
519 Folk Street, Easton, PA, 18042 $339,000 3 2 1,326 1,326 SqFt
700 Mixsell Street, Easton, PA, 18042 $1,199,000 7 6 5,795 5,795 SqFt
40 N Delaware Drive, Easton, PA, 18042 $450,000 4 3 2,637 2,637 SqFt
133 Cattell Street, Easton, PA, 18042 $1,295,000 -- -- 4,154 4,154 SqFt
21 N 2nd Street, Easton, PA, 18042 $749,000 -- -- --

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Greater Lehigh Valley REALTORS®

ByOwner last updated this listing 06/12/2026 @ 00:08

MLS: 772150 LISTED BY: Akinlana Popoola, EXP Realty LLC SOURCE: Greater Lehigh Valley REALTORS

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