Six-Unit Multifamily
For Sale
$1,465,000
120 Bethlehem Pike, Colmar, PA 18915
Multifamily property with 6 rental units, with 1 currently vacant and several units under new 18-month leases.
Property Size9,315 SF
Lot Size1.94 Acres
Price / SF$157.27
Days on Market97
Property Features for 120 Bethlehem Pike
General Information
Standard status
Active
Size
9,315 SF
Lot size
1.94 Acres
Additional Details
Traffic Count
30,034 vehicles/day
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
RE/MAX Legacy
Listed By:
John J Handschuh · License #RS208307
(215) 651-2157
Source:
Lgagne
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 7 at 2:40PM
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 RE/MAX Legacy
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Investment Insights
Based on property information with market context.
Victorian Village is a multifamily property with 6 rental units located in Hatfield Township. The offering totals 9,315 square feet of rental space. Per the current status, 6 of the 7 units are occupied, with 1 vacant unit and 2 units covered by new 18-month leases.
The property is located on Rt 309 across from Wawa in Colmar and is described as having plenty of exposure. A 2012 traffic study reports two-way average daily traffic of 30,034 vehicles for the location, with associated monthly and annual exposure figures included in the remarks.
County records are noted as incorrect regarding lot size, and the property is described as situated on a 1.94-acre lot.
The property is located on Rt 309 across from Wawa in Colmar and is described as having plenty of exposure. A 2012 traffic study reports two-way average daily traffic of 30,034 vehicles for the location, with associated monthly and annual exposure figures included in the remarks.
County records are noted as incorrect regarding lot size, and the property is described as situated on a 1.94-acre lot.
Key Highlights
- Victorian Village multifamily with 6 rental units in Hatfield Township
- Total 9,315 SF of rental space; 6 of 7 units currently occupied with 1 vacant unit
- Two units have a new 18‑month lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,849
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,980
$2.5M
Cap Rate 7%
$1,797,843
$1.8M
Cap Rate 9%
$1,398,322
$1.4M
Market Conditions
NOI Build-Up for 9,315 SF
Gross rent
$243.7K $26.16/SF
− Vacancy
−$14.9K −$1.60/SF
EGI
$228.8K $24.56/SF
− OpEx
−$103.0K −$11.05/SF
NOI
$125.8K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,980
Cap Rate 7%
$1,797,843
Cap Rate 9%
$1,398,322
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,849 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.36M
$4.69M – $6.25M
NOI $375,066 @ 7.0% cap · market cap 25.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
30,034 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
Business Placement
Demographics for 18915, PA
1,668
Population
631
Households
2.6
Avg Household Size
37
Median Age
52%
College-Educated
87%
High-School Grad
1.2 sq mi
ZIP Area
1,390
Density / Sq Mi
$141,645
Median Household Income
$65,096
Median Earnings
$1,674
Median Rent
$504,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with 6 rental units, with 1 currently vacant and several units under new 18-month leases.
Where is this apartment building located?
The property is located at 120 Bethlehem Pike Colmar, PA.
What is the asking price?
The asking price for this property is $1,465,000.
What are key features of this property?
This property features: Victorian Village multifamily with 6 rental units in Hatfield Township; Total 9,315 SF of rental space; 6 of 7 units currently occupied with 1 vacant unit; Two units have a new 18‑month lease in place
