Two-Unit Apartment
For Sale
$325,000
107 South Main Street, Richlandtown, PA 18955
Income-producing duplex with gas utilities and a rear parking area.
Property Size2,457 SF
Price / SF$132.28
Days on Market174
Property Features for 107 South Main Street
General Information
Standard status
Active
Size
2,457 SF
Total Parking Spaces
8
Property subtype
Multi-Family / Fee Simple
Zoning
VC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,847
Amenities
No
Built-In Range
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Listing Agency:
Preferred Properties Plus
(610) 282-1333
Listed By:
Jeffrey Torchia · License #SB065687
(610) 282-1333
Source:
Compass
Added: Mar 11
Changed: Aug 30
Last Checked: Aug 31 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Preferred Properties Plus
Investment Insights
Based on property information with market context.
This two-unit apartment property contains 2,457 square feet and was built in 1900. The building is served by gas heat and gas hot water, with a rear parking lot for occupants. Interior features include a built-in range, while the property has both above-grade and below-grade areas.
Located at 107 South Main Street in Richlandtown, Pennsylvania, the property is zoned VC. The current utility arrangement assigns electric and gas costs to tenants, while the landlord pays for water and sewer service.
Located at 107 South Main Street in Richlandtown, Pennsylvania, the property is zoned VC. The current utility arrangement assigns electric and gas costs to tenants, while the landlord pays for water and sewer service.
Key Highlights
- Two‑unit apartment building with 2,457 SF
- Built in 1900
- Gas heat and hot water
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
$29,153
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
8.97%
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%
$583,060
$583.1K
Cap Rate 7%
$416,471
$416.5K
Cap Rate 9%
$323,922
$323.9K
Market Conditions
NOI Build-Up for 2,457 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
$43.6K $17.76/SF
− Vacancy
−$2.0K −$0.81/SF
EGI
$41.6K $16.95/SF
− OpEx
−$12.5K −$5.09/SF
NOI
$29.2K $11.87/SF
Area
Bucks County, PA
Vacancy
4.56%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
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%
$583,060
Cap Rate 7%
$416,471
Cap Rate 9%
$323,922
Alternative Uses
Best Use
Apartment 5plus
$434.6K
$380.3K – $507.0K
NOI $30,421 @ 7.0% cap · market cap 9.36%
Second Best
Multifamily LT 5
$416.5K
$364.4K – $485.9K
NOI $29,153 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$744.9K
$651.8K – $869.1K
NOI $52,146 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 18955, PA
1,664
Population
531
Households
3.1
Avg Household Size
44
Median Age
26%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
594
Density / Sq Mi
$82,778
Median Household Income
$43,000
Median Earnings
$1,375
Median Rent
$315,500
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 - Income-producing duplex with gas utilities and a rear parking area.
Where is this duplex located?
The property is located at 107 South Main Street Richlandtown, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit apartment building with 2,457 SF; Built in 1900; Gas heat and hot water
