Two-Bedroom Residential Income
For Sale
$339,900
131 E FIRST AVENUE Unit 16, Collegeville, PA 19426
A loft, covered balcony, and private garage complement the open living area.
Property Size1,474 SF
Price / SF$230.60
Days on Market94
Property Features for 131 E FIRST AVENUE Unit 16
General Information
Standard status
Active
Size
1,474 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,872
Amenities
covered balcony
Building Details
Building Size
1,474 SF
Year Built
2009
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jul 27
Changed: Oct 27
Last Checked: Oct 27 at 3:38AM
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 Realty
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath condominium offers 1,474 square feet, with high ceilings, an open living area, and a loft. A private 1-car garage and covered balcony are also part of the property. Built in 2009, the residence is located in Collegeville Borough and falls within the Perkiomen Valley School District.
The Perkiomen Trail is steps away, with shopping, dining, and recreation nearby. Major commuter routes are accessible from the property.
The Perkiomen Trail is steps away, with shopping, dining, and recreation nearby. Major commuter routes are accessible from the property.
Key Highlights
- 1,474‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Loft and open living area with high ceilings
- Private 1‑car garage and covered balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,914
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,280
$398.3K
Cap Rate 7%
$284,486
$284.5K
Cap Rate 9%
$221,267
$221.3K
Market Conditions
NOI Build-Up for 1,474 SF
Gross rent
$38.6K $26.16/SF
− Vacancy
−$2.4K −$1.60/SF
EGI
$36.2K $24.56/SF
− OpEx
−$16.3K −$11.05/SF
NOI
$19.9K $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%
$398,280
Cap Rate 7%
$284,486
Cap Rate 9%
$221,267
Alternative Uses
Best Use
Apartment 5plus
$284.5K
$248.9K – $331.9K
NOI $19,914 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$847.9K
$741.9K – $989.2K
NOI $59,350 @ 7.0% cap · market cap 17.46%
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 - A loft, covered balcony, and private garage complement the open living area.
Where is this residential income property located?
The property is located at 131 E FIRST AVENUE Unit 16 Collegeville, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1,474‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Loft and open living area with high ceilings; Private 1‑car garage and covered balcony
