6-Unit Victorian Apartment
For Sale
Under Contract
$975,000
123 W PHILADELPHIA Avenue, Boyertown, PA 19512
Multi-Family, BOYERTOWN, PA
Property Size4,200 SF
Lot Size0.13 Acres
Price / SF$232.14
Days on Market67
Property Features for 123 W PHILADELPHIA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
6
Parking features
Parking Lot, Driveway, Assigned
Interior features
Crown Moldings, Recessed Lighting, Upgraded Countertops, Walk-in Closet(s), Wood Floors
Appliances
Washer, Dryer, Oven/Range - Electric, Refrigerator, Dishwasher, Microwave
Elementary school district
BOYERTOWN AREA
Middle school district
BOYERTOWN AREA
High school district
BOYERTOWN AREA
Standard status
Active Under Contract
Size
4,200 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
7771
Utilities
Heating system
Heat Pump (Heating), Baseboard, Electric (Heating), Hot Water(Heating)
Cooling system
Ductless, Wall Unit(s), Heat Pump
Amenities
on-site laundry facilities
second-floor composite back deck
paver patio
landscaping
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Architectural style
Victorian
Buildings
1
Listing Agency:
Kelly Real Estate, Inc.
(610) 369-3600
Listed By:
Brian C Kelly · License #RM052045A
(610) 715-9762
Added: Aug 21
Changed: Oct 24
Last Checked: Oct 26 at 2:06AM
MLS# PABK2076434
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.
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Investment Insights
Based on property information with market context.
This three-story, 4,200-square-foot brick apartment property dates to 1900 and contains six units. Renovations have been completed over the past 14 years. Interior details include granite kitchen counters, high ceilings, tall windows, hardwood, LVP and tile flooring, and ornamental woodwork. Central air conditioning, on-site laundry and a second-floor composite deck add practical features. A paver patio, landscaped grounds and a six-car parking lot serve the property.
The building is in Boyertown, one block from the town center. Nearby destinations include the State Theater, community library, shops, restaurants, parks and the Colebrookdale Railroad tourism line. The 0.13-acre property retains Victorian elements such as a two-story bay window, turned staircase, marble foyer and exposed brick.
The building is in Boyertown, one block from the town center. Nearby destinations include the State Theater, community library, shops, restaurants, parks and the Colebrookdale Railroad tourism line. The 0.13-acre property retains Victorian elements such as a two-story bay window, turned staircase, marble foyer and exposed brick.
Key Highlights
- Six apartments in a three‑story, 4,200‑square‑foot brick building
- 1900 construction; Victorian architectural style
- Renovations completed over the past 14 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,191
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,820
$723.8K
Cap Rate 7%
$517,014
$517.0K
Cap Rate 9%
$402,122
$402.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$68.5K $16.32/SF
− Vacancy
−$2.7K −$0.65/SF
EGI
$65.8K $15.67/SF
− OpEx
−$29.6K −$7.05/SF
NOI
$36.2K $8.62/SF
Area
Berks County, PA
Vacancy
4.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,820
Cap Rate 7%
$517,014
Cap Rate 9%
$402,122
Alternative Uses
Best Use
Apartment 5plus
$517.0K
$452.4K – $603.2K
NOI $36,191 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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Business Placement
Demographics for 19512, PA
16,928
Population
6,726
Households
2.5
Avg Household Size
46
Median Age
23%
College-Educated
91%
High-School Grad
43.3 sq mi
ZIP Area
391
Density / Sq Mi
$76,036
Median Household Income
$49,954
Median Earnings
$1,146
Median Rent
$247,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovations completed over 14 years pair with shared laundry and outdoor gathering areas.
Where is this apartment building located?
The property is located at 123 W PHILADELPHIA Avenue Boyertown, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Six apartments in a three‑story, 4,200‑square‑foot brick building; 1900 construction; Victorian architectural style; Renovations completed over the past 14 years
