Renovated Duplex with Basement
New
For Sale
$547,900
947 S OLD BETHLEHEM Pike, Quakertown, PA 18951
Multi-Family, QUAKERTOWN, PA
Property Size2,046 SF
Lot Size0.48 Acres
Price / SF$267.79
Days on Market2
Property Features for 947 S OLD BETHLEHEM Pike
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Basement
Parking
8
Parking features
Off Street, Driveway
Interior features
Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Built-Ins, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Dining Area, Floor Plan - Open, Floor Plan - Traditional
Appliances
Built-In Microwave, Built-In Range, Dishwasher, Dryer - Electric, Oven/Range - Electric, Range Hood, Washer/Dryer Stacked, Washer, Water Heater - High-Efficiency
Elementary school district
QUAKERTOWN COMMUNITY
Middle school district
QUAKERTOWN COMMUNITY
High school district
QUAKERTOWN COMMUNITY
Standard status
Active
Size
2,046 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Annual Amount
6570
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Amenities
off-street parking
covered deck
large backyard
shed with workshop
Building Details
Year built
1976
Number of units
2
Building materials
Frame
Architectural style
Colonial
Listing Agency:
RE/MAX Legacy · RE/MAX International
(215) 822-8200
Listed By:
Brenda L Gelnett · License #RS271845
(215) 822-8200
Added: Aug 21
Last Checked: Aug 22 at 7:06PM
MLS# PABU2129454
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.
Situated at 947 S Old Bethlehem Pike in Quakertown, this 2,046-square-foot Colonial duplex was built in 1976 and contains two renovated residences. Each unit includes two bedrooms, one full bathroom, a living room, dining area, eat-in kitchen, and its own entrance. Electric baseboard heat and window-unit cooling serve the property.
The 0.4794-acre parcel includes a sizable backyard, covered deck, off-street driveway parking, and a shed with workshop space. The basement has been partially prepared for a studio-style living area with a full bathroom, offering a path toward additional finished space. Public water is in use, while components of the former well remain on site. The property is located in Quakertown, Bucks County, Pennsylvania.
The 0.4794-acre parcel includes a sizable backyard, covered deck, off-street driveway parking, and a shed with workshop space. The basement has been partially prepared for a studio-style living area with a full bathroom, offering a path toward additional finished space. Public water is in use, while components of the former well remain on site. The property is located in Quakertown, Bucks County, Pennsylvania.
Key Highlights
- 2,046‑square‑foot duplex on a 0.4794‑acre parcel
- Two 2‑bedroom, 1‑bath units with private entrances
- Basement work started for a studio with full bathroom
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
$25,332
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
4.62%
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%
$506,640
$506.6K
Cap Rate 7%
$361,886
$361.9K
Cap Rate 9%
$281,467
$281.5K
Market Conditions
NOI Build-Up for 2,046 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
$47.6K $23.28/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$46.1K $22.51/SF
− OpEx
−$20.7K −$10.13/SF
NOI
$25.3K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$506,640
Cap Rate 7%
$361,886
Cap Rate 9%
$281,467
Alternative Uses
Best Use
Apartment 5plus
$361.9K
$316.7K – $422.2K
NOI $25,332 @ 7.0% cap · market cap 4.62%
Second Best
Multifamily LT 5
$346.8K
$303.5K – $404.6K
NOI $24,276 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$620.3K
$542.8K – $723.7K
NOI $43,423 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 18951, PA
36,111
Population
14,862
Households
2.4
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
71.7 sq mi
ZIP Area
504
Density / Sq Mi
$95,084
Median Household Income
$49,570
Median Earnings
$1,341
Median Rent
$339,000
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Duplex - Two separate residences offer private entries, updated kitchens, and dedicated driveway parking.
Where is this duplex located?
The property is located at 947 S OLD BETHLEHEM Pike Quakertown, PA.
What is the asking price?
The asking price for this property is $547,900.
What are key features of this property?
This property features: 2,046‑square‑foot duplex on a 0.4794‑acre parcel; Two 2‑bedroom, 1‑bath units with private entrances; Basement work started for a studio with full bathroom
