Six-Unit Multifamily
120 Bethlehem Pike Colmar, PA 18915
For Sale
$1,499,000
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$160.92
Days on Market148
Property Features for 120 Bethlehem Pike
General Information
Standard status
Active
Size
9,315 SF
Lot size
1.94 Acres
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1990
Listing Agency:
RE/MAX Legacy
(215) 822-8200
Listed By:
John J Handschuh · License #RS208307
Source:
Deepcreeklake
Added: Mar 3
Changed: Jul 25
Last Checked: Jul 28 at 9:27PM
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
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 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 | $243.7k | $26.16 |
| − Vacancy | −$14.9k | −$1.60 |
| EGI | $228.8k | $24.56 |
| − OpEx | −$103.0k | −$11.05 |
| NOI | $125.8k | $13.51 |
9,315 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,849 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.36M
$4.69M – $6.25M
NOI $375,066 @ 7.0% cap · market cap 25.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $1,499,000.
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
