Four-Unit Quadplex with Separate
New
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
Days on Market4
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
Taxes and HOA fees
Annual Taxes
$3,595
Amenities
basement storage
Building Details
Building Size
3,498 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Howard Hanna Real Estate Services
Listed By:
Jane E Healy · License #AB061240L
(215) 439-2012
Source:
Lizclarkrealestate
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 7 at 8:36AM
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
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 = 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
$50,826
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
5.65%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
