Turn-Key Triplex Investment
407 CASTELLO Avenue, Hatboro, PA 19040
New
MULTI_FAMILY - Other - HATBORO, PA
Property size:
3,789 SFLot size:
0.24 AcresPrice / SF:
$211/SF- Added:
- May 22, 2026
- Days on Market:
- 5
- Last Refresh:
- May 26 at 11:06 pm
Property Features for 407 CASTELLO Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 3,789 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10495
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Ductless
Building Details
- Year built
- 1938
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Emily Ann Bartolillo License #RS354497 (267) 718-6714
Listing office RE/MAX Centre Realtors 2701 York Road, Jamison, PA (215) 343-8200
Listing date May 22, 2026
MLS# PAMC2178910
Listing URL
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
- Income‑producing triplex with strong rental potential, ideal for investors or owner‑occupants.
- Fully renovated vacant Unit B is move‑in ready, allowing for immediate occupancy or rental.
- Each unit includes dedicated laundry and private basement storage, enhancing tenant appeal.
- New roof ensures long‑term structural integrity and reduced maintenance costs.
- All units have been renovated with new windows, flooring, and bathrooms.
- Ample parking (driveway and street) and a private yard area add convenience and outdoor space.
Overview
This well-maintained and income-producing triplex presents a turn-key investment opportunity. The property features a new roof, new private storage areas, dedicated laundry for each unit, and ample parking. Two of the three units are currently occupied, while the vacant unit has been fully renovated and is move-in ready. The property offers flexibility and value for investors seeking strong rental potential or owner-occupants looking to offset expenses with rental income. Unit C, located on the main level, features 3 bedrooms and 1 full bath, offering a spacious layout with the feel of a single-family home, including a front porch and enclosed sunroom, a large family room and dining room, and an eat-in kitchen. It also has dedicated basement storage and a private laundry room. Unit B, on the second level, includes 2 bedrooms and 1 full bath and has been completely renovated with new windows, fresh paint, brand new luxury vinyl plank flooring, a brand-new full bathroom, and new appliances. It also has dedicated basement storage and a private laundry room. Unit A, also on the second level, features 2 bedrooms and 1 full bath and has been completely renovated with brand new windows, brand new luxury vinyl plank flooring, a brand new full bath, and new appliances. The converted attic space is used as a second bedroom and walk-in closet. It also has dedicated basement storage and a private laundry room. Additional features include driveway and street parking and a private yard area. The property is located in a desirable neighborhood. The lot size is 0.2416 acres and the property size is 3789 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$611.7K
NOI $55,054 @ 9.00% cap · cautious / downside scenario
Moderate
$786.5K
NOI $55,054 @ 7.00% cap · market / base-case scenario
Aggressive
$1.10M
NOI $55,054 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.1k | $22.20 |
| − Vacancy | −$5.5k | −$1.44 |
| EGI | $78.6k | $20.76 |
| − OpEx | −$23.6k | −$6.23 |
| NOI | $55.1k | $14.53 |
3,789 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$786.5K
$688.2K – $917.6K
NOI $55,054 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$731.3K
$639.9K – $853.2K
NOI $51,191 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,563 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Hatboro
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.11816
- Latitude
- 40.17357
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained triplex with strong rental potential in a desirable neighborhood.
Where is this triplex located?
The property is located at 407 CASTELLO Avenue Hatboro, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Income‑producing triplex with strong rental potential, ideal for investors or owner‑occupants.; **Fully renovated vacant Unit B is move‑in ready**, allowing for immediate occupancy or rental.; Each unit includes dedicated laundry and private basement storage, enhancing tenant appeal.
