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Property view

697 Ferry Street, 
Easton, PA 18042

$1,050,000


8

Beds


8

Baths


4,506

Sq Ft


Multi-Family

Sold

Listed by

Akinlana Popoola

Bought with Morganelli Properties LLC

eXp Realty LLC.

MLS#

772150

Source:

PA LVAR

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About This Home

697 Ferry Street

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 confidence. 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.

Home Facts

Multi-Family

8 Baths

8 Bedrooms

Built in 1900

Subdivision & Development:

Not in Development

Price Summary

1,099,000

$243 per Sq. Ft.

MLS #:

772150

Sold:

September 23, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

4,506 Sq. Ft.


Structure

Structure

Building Area:

4,506 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,159


Finances & Disclosures

Finances

Price:

$1,099,000

Price per Sq. Ft:

$243 per Sq. Ft.

Source:PA LVAR
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