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    403 Washington Ave Sellersville, PA 18960

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    For Sale
    $1,375,000

    Fully renovated, 7-unit multifamily property with verified income and new tenants.

    Building Details

    Year built
    1880

    Source: EXP COMMERCIAL Agent JAMES J REARDON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Multifamily Property in Bucks County

    This is a fully occupied, 7-unit multifamily property that generates $112,800 in verified gross income and $99,453 in net income. The property has undergone complete renovations, with upgrades including re-pointed brick, over 25 new windows, new electric, new flooring, fresh paint, and brand-new baseboard heaters in all units. Additional improvements include an updated roof, all-new electric water heaters, and remodeled kitchens, bathrooms, and living areas. Newer appliances, some stainless steel, are present. New laundry facilities have been installed, featuring two coin-operated washer/dryer units for tenants. The unit mix comprises five 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one 3-story 3-bedroom/2-bathroom unit. All units are occupied by tenants with 1-year leases. Located in Bucks County, the property is situated next to Grandview Hospital, less than an hour from Philadelphia, in a quiet residential neighborhood. It is also located minutes away from highways and shopping, and near a police station and a church. The property has been renovated from roof to basement with an investment of approximately $500,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sellersville
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.315524
    Latitude
    40.362813

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated, 7-unit multifamily property with verified income and new tenants.
    Where is this apartment building located?
    The property is located at 403 Washington Ave Sellersville, PA.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - High Income & Cap Rate: Generates $112,800 verified gross income and $99,453 net income, boasting a 7%+ cap rate.; - Fully Renovated: $500K investment in complete renovation from roof to basement, ensuring a turnkey property.; - Turnkey & Fully Occupied: Fully occupied with new, friendly tenants on 1-year leases, providing immediate cash flow.
    Request Owner's contact information
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    Sellersville, PA 18960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    403 Washington Ave Sellersville, PA 18960
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