Spacious Colonial with Income
1194 ELBERTA Avenue, Bensalem, PA 19020
MULTI_FAMILY - Colonial - BENSALEM, PA
Property size:
4,024 SFLot size:
0.28 AcresPrice / SF:
$185/SF- Added:
- May 22, 2026
- Days on Market:
- 9
- Last Refresh:
- May 30 at 9:06 pm
Property Features for 1194 ELBERTA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking
- 2
- Parking features
- Garage - Attached, Driveway
- Interior features
- Bar, Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Walk-in Closet(s), Wood Floors
- Fireplace
- 1
- Standard status
- Active
- Size
- 4,024 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10100
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1953
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Colonial
Listing agent John H Katein IV License #RS334688 (267) 414-7057
Listing office Century 21 Veterans-Newtown 104 Pheasant Run unit: 106, Levittown, PA (267) 352-8000
Listing date May 22, 2026
MLS# PABU2121920
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Separate 2‑bedroom apartment rented for $2,000/month provides immediate income potential.
- Separate office/in‑law suite with 2 bedrooms, living room, and full bath.
- 4 bedrooms and 4 full bathrooms in the main house.
- Beautifully updated kitchen with center island.
- Main bedroom suite with sitting area, fireplace, walk‑in closet, and large private bathroom.
- Large backyard and driveway with space for 8 cars.
Overview
This property features a main house with 4 bedrooms and 4 full bathrooms, along with a separate 2-bedroom apartment currently rented for $2,000 per month, offering income potential. The main house includes a separate office/in-law suite featuring 2 additional bedrooms, a living room, and a full bathroom. The updated kitchen features a center island. The open floor plan is enhanced by new flooring and fresh paint throughout. The main bedroom suite includes a sitting area and fireplace, walk-in closet, and a large private bathroom. Additional features include a large 3rd-floor loft offering versatile space, two laundry areas, a wet bar and pool table, and stain-resistant carpeting in the bedrooms. New air conditioning systems are installed. The property includes a large backyard and a driveway with space for up to 8 cars. Situated on a quiet street with easy access to I-295 and Route 1, the property offers 4,024 square feet of living space on a 0.2793-acre lot.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.7k | $23.28 |
| − Vacancy | −$3.1k | −$0.77 |
| EGI | $90.6k | $22.51 |
| − OpEx | −$40.8k | −$10.13 |
| NOI | $49.8k | $12.38 |
4,024 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$711.8K
$622.8K – $830.4K
NOI $49,823 @ 7.0% cap · market cap 6.69%
Second Best
Multifamily LT 5
$682.1K
$596.8K – $795.8K
NOI $47,745 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,403 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Bensalem
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.91629
- Latitude
- 40.11104
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Colonial with separate apartment, income potential, and large backyard.
Where is this duplex located?
The property is located at 1194 ELBERTA Avenue Bensalem, PA.
What is the asking price?
The asking price for this property is $744,900.
What are key features of this property?
This property features: Separate 2‑bedroom apartment rented for $2,000/month provides immediate income potential.; Separate office/in‑law suite with 2 bedrooms, living room, and full bath.; 4 bedrooms and 4 full bathrooms in the main house.
