Condominium with Attached
For Sale
$375,000
131 E 1ST AVENUE Unit 11, Collegeville, PA 19426
The finished lower level includes a den, custom bar, full bath, and direct garage access.
Property Size1,978 SF
Price / SF$189.59
Days on Market24
Property Features for 131 E 1ST AVENUE Unit 11
General Information
Standard status
Active
Size
1,978 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,433
Building Details
Building Size
1,978 SF
Year Built
2009
Listing Agency:
Keller Williams Real Estate-Montgomeryville
Listed By:
Mariel A Gniewoz · License #AB069162
(610) 310-6408
Source:
Thejrsrealtygroup
Added: Oct 9
Changed: Nov 1
Last Checked: Nov 1 at 1:44AM
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 Keller Williams Real Estate-Montgomeryville
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Investment Insights
Based on property information with market context.
This 1,978-square-foot condominium was built in 2009 and has two bedrooms, a den, three full baths, and an attached one-car garage. The main level includes an eat-in kitchen with new appliances, a pantry, a living room with access to a synthetic deck, and a laundry room. The finished lower level adds a custom bar, built-in cabinetry, a full bath, and a den with an electric fireplace and built-in entertainment center. The property has been updated, including a new water heater, washer, and dryer.
The Perkiomen Trail is directly accessible from the property, with Perkiomen Creek, shopping, 7 Brew Coffee, The Library, and Troubles End Brewing nearby. The condominium is within the Perkiomen Valley School District. HOA services include exterior maintenance, lawn mowing, snow removal, trash, and sprinklers.
The Perkiomen Trail is directly accessible from the property, with Perkiomen Creek, shopping, 7 Brew Coffee, The Library, and Troubles End Brewing nearby. The condominium is within the Perkiomen Valley School District. HOA services include exterior maintenance, lawn mowing, snow removal, trash, and sprinklers.
Key Highlights
- 1,978‑square‑foot condominium built in 2009
- Two bedrooms, a den, and three full baths
- Attached one‑car garage, designated parking, and additional free parking across the street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,723
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,460
$534.5K
Cap Rate 7%
$381,757
$381.8K
Cap Rate 9%
$296,922
$296.9K
Market Conditions
NOI Build-Up for 1,978 SF
Gross rent
$51.7K $26.16/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$48.6K $24.56/SF
− OpEx
−$21.9K −$11.05/SF
NOI
$26.7K $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%
$534,460
Cap Rate 7%
$381,757
Cap Rate 9%
$296,922
Alternative Uses
Best Use
Apartment 5plus
$381.8K
$334.0K – $445.4K
NOI $26,723 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$995.6K – $1.33M
NOI $79,644 @ 7.0% cap · market cap 21.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
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Business Placement
Demographics for 19426, PA
43,541
Population
14,136
Households
3.1
Avg Household Size
40
Median Age
53%
College-Educated
93%
High-School Grad
34.0 sq mi
ZIP Area
1,281
Density / Sq Mi
$151,030
Median Household Income
$62,482
Median Earnings
$1,932
Median Rent
$471,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The finished lower level includes a den, custom bar, full bath, and direct garage access.
Where is this residential income property located?
The property is located at 131 E 1ST AVENUE Unit 11 Collegeville, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,978‑square‑foot condominium built in 2009; Two bedrooms, a den, and three full baths; Attached one‑car garage, designated parking, and additional free parking across the street
