Building Details

Year Built 1900

Listing Agency: Preferred Properties Plus j***@rcn.com Show Phone

Listed By: Jeffrey Torchia · License #SB065687 Show Phone

Source: Compass

Added: Mar 11 Changed: Aug 30 Last Checked: Aug 30 at 7:50AM

Report an Issue

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.

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 (±1% cap)

NOI $30,421 @ 7.0% cap · market cap 9.36%

Second Best

Multifamily LT 5

$416.5K

$364.4K – $485.9K (±1% cap)

NOI $29,153 @ 7.0% cap · market cap 8.97%

Theoretical Best

Office A

$744.9K

$651.8K – $869.1K (±1% cap)

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

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store Restaurant Hair Salon Kitchen & Bath Showroom Garden Center Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Brick Duplex with Full Attic

29 North Main Street, Richlandtown, PA 18955

$319,900

2,602 SF

View details

Historic Mixed-Use Richlandtown Landmark

20 N Main St, Richlandtown, PA 18955

$475,000

0.89 Acres

View details

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