205 ERIE Avenue, Quakertown, PA 18951
MULTI_FAMILY - Colonial - QUAKERTOWN, PA
- Added:
- Jun 2, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 9 at 11:06 am
Property Features for 205 ERIE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Alley, Garage - Detached
- Appliances
- Oven/Range - Electric
- Standard status
- Active
- Size
- 1,840 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3558
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1882
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Colonial
Listing agent Jeffrey Torchia License #SB065687 (610) 282-1333
Listing office Preferred Properties Plus 7001 N Route 309, Coopersburg, PA (610) 282-1333
Listing date Jun 2, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑unit detached Colonial in Quakertown, built in 1882
- Unit mix: one 1‑bedroom unit and one 2‑bedroom unit
- Detached two‑car garage/pole barn plus 3 off‑street parking spots
- Oil heat and hot water heating; window unit cooling
- Fully tenant‑occupied on a month‑to‑month lease
- Parking includes detached garage and alley access
Overview
Located in the borough of Quakertown in Bucks County, Pennsylvania, the property sits on a compact lot and is offered for sale as a two-unit residential income property. The listing notes that multiple offers have been received, with highest and best due Tuesday 6/10 at 3 PM.
For buyers and investors seeking a straightforward duplex-style ownership, the unit mix can support a range of resident preferences, with a smaller 1-bedroom option and a larger 2-bedroom option under the same ownership. The detached two-car garage/pole barn and off-street parking help support tenant day-to-day needs, while the month-to-month occupancy structure offers flexibility relative to fixed-term arrangements. Oil heat provides the primary heating system across the property.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $23.28 |
| − Vacancy | −$1.4k | −$0.77 |
| EGI | $41.4k | $22.51 |
| − OpEx | −$18.6k | −$10.13 |
| NOI | $22.8k | $12.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Quakertown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.333046
- Latitude
- 40.4441681
