Fully occupied two-unit investment property generating $31,080 in gross income and $23,934 in net income. The property includes two large 1-bedroom units, offering simple operations and steady rental demand.
Both units are occupied by long term Section 8 tenants, providing predictable rental income and stable cash flow. Landlord expenses are limited to water/sewer/trash, helping keep the expense structure low and easy to manage.
Located in a strong Easton rental area, the property benefits from easy access to downtown Easton, Lafayette College, St. Luke’s Easton Campus, local shopping, dining, entertainment, and major roads throughout the Lehigh Valley. Butler Street is a well-connected Easton corridor, making the location convenient for tenants.
With large units, reliable long-term tenants, low landlord expenses, and a convenient Easton location, this is a solid opportunity for an investor looking for predictable cash flow and long-term stability.
For sale
$299,900
1242 Butler St, Easton, PA 18042
2beds
1,304sqft
Multi Family, Apartment
Built in 1900
-- sqft lot
$294,400 Zestimate®
$230/sqft
$-- HOA
What's special
Large units
- 3 days
- 283
- 24
Zillow last checked:
Listing updated:
Listed by:
Akinlana Popoola 610-735-6082,
EXP Realty LLC 888-397-7352
Source: GLVR,MLS#: 780712
Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas, Steam
Cooling
- Wall/Window Unit(s)
Interior area
- Total interior livable area: 1,304 sqft
Property
Parking
- Total spaces: 3
Features
- Stories: 2
Lot
- Size: 2,482 Square Feet
Details
- Parcel number: L9SE4A120310
- Zoning: 10BNS
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not in Development
Location
- Region: Easton
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $31,400
- Annual tax amount: $2,726
- Date on market: 8/26/2026
Estimated market value
$294,400
$280,000 - $309,000
$1,505/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Listed for sale | $299,900+38.2%$230/sqft |
Source: | ||
| 9/16/2025 | Sold | $217,000+84.7%$166/sqft |
Source: Public Record Report a problem | ||
| 11/23/2020 | Sold | $117,500-9.5%$90/sqft |
Source: | ||
| 9/29/2020 | Listed for sale | $129,900+26.1%$100/sqft |
Source: Weichert Realtors #649560 Report a problem | ||
| 8/29/2006 | Sold | $103,000$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,424 +2.3% | $31,400 |
| 2025 | $3,347 +1.5% | $31,400 |
| 2024 | $3,299 +1.3% | $31,400 |
| 2023 | $3,257 | $31,400 |
| 2022 | $3,257 +779.2% | $31,400 |
| 2021 | $371 | $31,400 |
| 2020 | $371 | $31,400 |
| 2018 | $371 | $31,400 |
| 2017 | -- | $31,400 |
| 2016 | -- | $31,400 |
| 2015 | -- | $31,400 |
| 2014 | -- | $31,400 |
| 2013 | -- | $31,400 |
| 2012 | -- | $31,400 |
| 2011 | -- | $31,400 |
| 2010 | -- | $31,400 |
| 2004 | -- | $31,400 |
| 2003 | -- | $31,400 |
| 2002 | -- | $31,400 |
| 2000 | -- | $31,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: West Ward
Nearby schools
Schools provided by the listing agent
- District: Easton
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






