1347 Washington Street

Two-unit investment property generating $51,900 in gross income and $40,961 in net income. The property includes a large 4-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, offering spacious layouts that attract strong tenant demand. The upper unit is oversized, featuring four bedrooms, two full bathrooms, updated flooring, new kitchen cabinets, and a private porch. The kitchen and living areas are both large, making the space very appealing to tenants. The lower unit includes two bedrooms with a large kitchen and living room and is occupied by reliable tenants. The property also includes two garages with electric doors, providing additional income. It is located in a core Lehigh Valley location with strong walkability, making it easy to attract and retain tenants. Landlord expenses are low, limited to taxes, insurance, water/sewer/trash, and gas, with tenants reimbursing a significant portion of the utilities, keeping the overall expense burden minimal. The property has gas heat, and the upper unit features a newly renovated bathroom completed with permits. With large units, steady income, garage revenue, and a strong location, this property is a great opportunity for both owner-occupants and buy-and-hold investors seeking reliable cash flow and long-term stability.