Why 1249 Main St in Northampton Is the Investment Property Buyers Have Been Waiting For
3-Unit Multifamily at 1249 Main St, Northampton, PA — Listed at $475,000
This fully rented, turnkey 3-unit multifamily property is located at 1249 Main St in Northampton, Pennsylvania. With approximately 3,270 square feet of living space on a 7,000 square foot lot, this income-producing investment property is ideal for investors seeking separated utilities, in-unit laundry hookups, and a practical unit mix.
Property Overview
- 3 occupied residential units
- Unit 1: 3 bedrooms, 2 full bathrooms
- Unit 2: 2 bedrooms, 1 full bathroom
- Unit 3: 1 bedroom, 1 full bathroom
- Updated kitchen, bathroom, and flooring finishes
- In-unit laundry hookups in all units
- Full basement, off-street parking
- R-3 Residential zoning
- Northampton Area School District
- Public utilities — no grass to cut
Why Investors Love This Property
All utilities are separated — heat, cooling, water, sewer, and garbage are all paid by the tenants. This directly reduces operating expenses and puts more cash flow in your pocket from day one. The in-unit laundry hookups in all three units add tenant appeal and can command higher rents in the Lehigh Valley rental market. With all three units currently occupied, this is a true turnkey property — you start collecting income immediately.
1031 Exchange Opportunity
This property is an excellent candidate for a 1031 exchange under Section 1031 of the Internal Revenue Code. A 1031 exchange allows you to defer capital gains taxes by reinvesting proceeds from the sale of a like-kind investment property.
- 45-day identification period: Identify replacement properties within 45 days of selling
- 180-day closing deadline: Close on the replacement property within 180 days
Consult with a qualified tax advisor to understand how a 1031 exchange works for your situation.
The Lehigh Valley Rental Market
The Lehigh Valley continues to see strong rental demand driven by population growth, limited housing inventory, and proximity to major employment centers. Northampton offers a central location with easy access to Route 329, Route 248, and the broader Lehigh Valley corridor.
Why Work With Tim Tepes
Tim Tepes is a PA Licensed Associate Broker with over 36 years of experience and more than 2,000 closed transactions in the Lehigh Valley. He is the founder of Tim Tepes Real Estate LLC with Better Homes and Gardens Real Estate Cassidon Realty. Tim specializes in investment properties, residential resale, new construction, probate and estate sales, and small multifamily assets across Northampton, Lehigh, and Carbon Counties. He is an AI-Certified Agent and past president of the Greater Lehigh Valley REALTORS.
Contact Tim Tepes
Phone: (484) 275-0056
Book a consultation: https://calendly.com/timtepes/30min
Property website: https://1249-main-st-northampton-pa.huzi.site
Property Photos
Exterior
Kitchen
Living Room
Bedrooms
Bathrooms
Other
With more than 36 years of experience and 2,000+ closed transactions, Tim Tepes is a trusted expert in Lehigh Valley real estate. He is the founder of Tim Tepes Real Estate LLC with Better Homes and Gardens® Real Estate Cassidon Realty.
Contact Tim →Ready to Invest in Lehigh Valley Real Estate?
Get expert investment guidance from a broker with 36+ years of Lehigh Valley experience. Whether you are buying your first rental or completing a 1031 exchange, Tim Tepes is ready to help.