Leased Residential Income
For Sale
$2,550,000
Pending
514-530 GRAVEL PIKE, Collegeville, PA 19426
MULTI_FAMILY - COLLEGEVILLE, PA
Property Size10,580 SF
Lot Size2.81 Acres
Days on Market441
Property Features for 514-530 GRAVEL PIKE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Elementary school
EVERGREEN
Middle school
PERKIOMEN VALLEY MIDDLE SCHOOL EAST
High school
PERKIOMEN VALLEY
Standard status
Pending
Size
10,580 SF
Lot size
2.81 Acres
Building Details
Year built
1940
Listing Agency:
BHHS Fox & Roach Wayne-Devon Sales Office · Berkshire Hathaway HomeServices
(610) 651-2700
Listed By:
Bob Kline CRS · License #AB060459L
(610) 804-9716
Added: May 20, 2025
Changed: Jul 23
Last Checked: Aug 3 at 6:06AM
MLS# PAMC2141186
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
Perkiomen Creek Village is a leased residential income community made up of 12 units across eight buildings set on 2.81 acres. The mix includes six single cottage homes, a twin/duplex, and a four-unit main house. Each unit is separately metered with 100-amp electric service, and units are served by public sewer and on-site well water. Heating and hot water are provided via gas heat and hot water for the majority of units, with one unit using oil heat and four units using electric hot water.
The community offers in-unit appliances including washer, dryer, dishwasher, gas range, and refrigerator. Several units have private basements, including the cottages, waterfront house, and twin/duplex units, while the quad uses a shared basement. The six single homes were fully renovated in 2023, with improvements including granite counters, stainless steel appliances, new cabinets, LVP flooring, and new HVAC with central air.
Additional updates include repainting and LVP installation for the twin/duplex units in June 2025.
The community offers in-unit appliances including washer, dryer, dishwasher, gas range, and refrigerator. Several units have private basements, including the cottages, waterfront house, and twin/duplex units, while the quad uses a shared basement. The six single homes were fully renovated in 2023, with improvements including granite counters, stainless steel appliances, new cabinets, LVP flooring, and new HVAC with central air.
Additional updates include repainting and LVP installation for the twin/duplex units in June 2025.
Key Highlights
- Cluster of 12 units in 8 buildings on 2.81 acres in Perkiomen Creek Village
- Reported 7.4% CAP rate; complex is 100% leased
- 6 single homes were fully renovated in 2023 with granite counters, S/S appliances, new cabinets, LVP flooring, and new HVAC w/ C/A
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 | $276.8k | $26.16 |
| − Vacancy | −$16.9k | −$1.60 |
| EGI | $259.9k | $24.56 |
| − OpEx | −$117.0k | −$11.05 |
| NOI | $142.9k | $13.51 |
10,580 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,939 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.09M
$5.33M – $7.10M
NOI $426,001 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 19426, PA
43,541
Population
14,136
Households
3.1
Avg Household Size
40
Median Age
53%
College-Educated
93%
High-School Grad
34.0 sq mi
ZIP Area
1,281
Density / Sq Mi
$151,030
Median Household Income
$62,482
Median Earnings
$1,932
Median Rent
$471,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property featuring 12 separately metered units in multiple cottage-style buildings on well and public sewer.
Where is this apartment building located?
The property is located at 514-530 GRAVEL PIKE Collegeville, PA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Cluster of 12 units in 8 buildings on 2.81 acres in Perkiomen Creek Village; Reported 7.4% CAP rate; complex is 100% leased; 6 single homes were fully renovated in 2023 with granite counters, S/S appliances, new cabinets, LVP flooring, and new HVAC w/ C/A
