Brick Mixed-Use
New
For Sale
$750,000
214 N MAIN Street, North Wales, PA 19454
Multi-Family, NORTH WALES, PA
Property Size3,343 SF
Lot Size0.50 Acres
Price / SF$224.35
Days on Market4
Property Features for 214 N MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
12
Parking features
Parking Lot, Garage
Fireplace
1
Elementary school
NORTH WALES
Middle school
PENNBROOK
High school
NORTH PENN SENIOR
Elementary school district
NORTH PENN
Middle school district
NORTH PENN
High school district
NORTH PENN
Standard status
Active
Size
3,343 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
7486
Utilities
Heating system
Radiant, Forced Air
Cooling system
Central Air
Building Details
Year built
1926
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Real Estate-Blue Bell · Keller Williams Realty
(215) 646-2900
Listed By:
Dino A D'Orazio · License #RS295485
(610) 724-8866
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 7:06PM
MLS# PAMC2192384
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.
Investment Insights
Based on property information with market context.
This 1926 Colonial-style brick building combines professional office space with a first-floor apartment on an approximately 0.5-acre parcel. The office component includes reception, private offices, kitchenettes, powder rooms, and multiple work areas arranged across three floors. The apartment has a living room, dining room, kitchen, one bedroom, full bath, and enclosed sun porch. A basement with outside access, detached 2-car garage, slate roof, sided addition, and professionally maintained landscaping add to the improvements.
The property provides approximately 146 feet of Main Street frontage, parking for approximately 10 cars, and direct access from Main Street. It is within walking distance of SEPTA regional rail, downtown shops, cafes, and services. Zoned OR for office/business and residential uses, the building has three separate electric services, four heating zones, two-zone central air, public water, and public sewer.
The property provides approximately 146 feet of Main Street frontage, parking for approximately 10 cars, and direct access from Main Street. It is within walking distance of SEPTA regional rail, downtown shops, cafes, and services. Zoned OR for office/business and residential uses, the building has three separate electric services, four heating zones, two-zone central air, public water, and public sewer.
Key Highlights
- Approximately 0.5‑acre lot with 146 feet of Main Street frontage
- Approximately 2,560 sq. ft. of office space plus an 800 sq. ft. first‑floor apartment
- Office layout spans three floors with private offices, reception, kitchenettes, and powder rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,557
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,051,140
$1.1M
Cap Rate 7%
$750,814
$750.8K
Cap Rate 9%
$583,967
$584.0K
Market Conditions
NOI Build-Up for 3,343 SF
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.
Gross rent
$87.1K $26.04/SF
− Vacancy
−$17.0K −$5.08/SF
EGI
$70.1K $20.96/SF
− OpEx
−$17.5K −$5.24/SF
NOI
$52.6K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,051,140
Cap Rate 7%
$750,814
Cap Rate 9%
$583,967
Alternative Uses
Best Use
Office B
$750.8K
$657.0K – $876.0K
NOI $52,557 @ 7.0% cap · market cap 7.01%
Second Best
Multifamily LT 5
$693.9K
$607.2K – $809.6K
NOI $48,573 @ 7.0% cap · market cap 6.48%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,605 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 19454, PA
28,833
Population
11,212
Households
2.6
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
2,344
Density / Sq Mi
$114,323
Median Household Income
$61,287
Median Earnings
$1,762
Median Rent
$438,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and residential zoning supports a flexible Main Street ownership and occupancy configuration.
Where is this mixed-use property located?
The property is located at 214 N MAIN Street North Wales, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 0.5‑acre lot with 146 feet of Main Street frontage; Approximately 2,560 sq. ft. of office space plus an 800 sq. ft. first‑floor apartment; Office layout spans three floors with private offices, reception, kitchenettes, and powder rooms
