Four-Unit Quadplex with Separate
For Sale
$899,900
116 S CHESTNUT STREET, Ambler, PA 19002
Each unit has dedicated gas and electric service, with basement storage available to tenants.
Property Size3,498 SF
Price / SF$257.26
Days on Market50
Property Features for 116 S CHESTNUT STREET
General Information
Standard status
Active
Size
3,498 SF
Property subtype
Quadruplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Amenities
basement storage
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Howard Hanna Real Estate Services
(215) 643-2500
Listed By:
Jane E Healy · License #AB061240L
(215) 439-2012
Source:
Cummingsrealtors
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 23 at 7:41AM
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 Howard Hanna Real Estate Services
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Investment Insights
Based on property information with market context.
Built in 1920, this 3,498-square-foot quadplex contains four units, each with a separate entrance and individually metered gas and electric service. Tenants pay their own gas and electric costs, and basement storage is available for tenant use. The property is occupied by long-term tenants on month-to-month leases, with 24 hours’ notice required for showings.
Located at 116 S Chestnut Street in Ambler, the property is within the Wissahickon School District and near the Ambler Regional Train Station, SEPTA bus lines, shops, restaurants, a food co-op grocery store, live theater, and a historic movie theater. The walkable community setting provides access to multiple local services and entertainment options.
Located at 116 S Chestnut Street in Ambler, the property is within the Wissahickon School District and near the Ambler Regional Train Station, SEPTA bus lines, shops, restaurants, a food co-op grocery store, live theater, and a historic movie theater. The walkable community setting provides access to multiple local services and entertainment options.
Key Highlights
- Four units totaling 3,498 square feet
- Separate entrance for each unit
- Separate gas and electric service for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,826
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,520
$1.0M
Cap Rate 7%
$726,086
$726.1K
Cap Rate 9%
$564,733
$564.7K
Market Conditions
NOI Build-Up for 3,498 SF
Gross rent
$77.7K $22.20/SF
− Vacancy
−$5.0K −$1.44/SF
EGI
$72.6K $20.76/SF
− OpEx
−$21.8K −$6.23/SF
NOI
$50.8K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,520
Cap Rate 7%
$726,086
Cap Rate 9%
$564,733
Alternative Uses
Best Use
Multifamily LT 5
$726.1K
$635.3K – $847.1K
NOI $50,826 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$675.1K
$590.7K – $787.7K
NOI $47,259 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,846 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
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Business Placement
Demographics for 19002, PA
33,279
Population
12,607
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
98%
High-School Grad
20.2 sq mi
ZIP Area
1,647
Density / Sq Mi
$140,070
Median Household Income
$70,319
Median Earnings
$1,605
Median Rent
$558,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each unit has dedicated gas and electric service, with basement storage available to tenants.
Where is this quadplex located?
The property is located at 116 S CHESTNUT STREET Ambler, PA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Four units totaling 3,498 square feet; Separate entrance for each unit; Separate gas and electric service for every unit
