6-Unit Riverfront Apartment
For Sale
$1,075,000
7015 Riverview Ave, Bristol, PA 19007
River views reach every residence, complemented by off-street parking and a private dead-end street setting.
Property Size5,429 SF
Price / SF$198.01
Days on Market20
Property Features for 7015 Riverview Ave
General Information
Standard status
Active
Size
5,429 SF
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR, 4 x 1BR
Multifamily Units
6
Amenities
front porch
expansive yard
off-street parking
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Long & Foster Real Estate, Inc.
(888) 536-0216
Listed By:
Robert Wade Melling
Source:
Kandorre
Added: Aug 5
Changed: Aug 8
Last Checked: Aug 23 at 8:03AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1940, this 5,429-square-foot apartment property contains 6 units with a mix of two 2-bedroom residences and four 1-bedroom residences. The first-floor 2-bedroom, 2-bath unit includes separate front and rear entries, an open living and dining area, a rear kitchen, original hardwood flooring, and one-floor living. A second 2-bedroom residence has been updated with a renovated kitchen and bathroom, along with hardwood floors. Four additional 1-bedroom apartments occupy the second and third floors, each with a private entrance and Delaware River views.
The building sits at 7015 Riverview Ave in Bristol, Pennsylvania, along the Delaware River. Site features include an expansive yard, off-street parking, and a private dead-end street location. Parcel # 05-078-063 is included in the sale.
The building sits at 7015 Riverview Ave in Bristol, Pennsylvania, along the Delaware River. Site features include an expansive yard, off-street parking, and a private dead-end street location. Parcel # 05-078-063 is included in the sale.
Key Highlights
- 6 total apartment units: two 2‑bedroom residences and four 1‑bedroom residences
- 5,429‑square‑foot apartment building constructed in 1940
- Every unit offers views of the Delaware River
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,219
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,380
$1.3M
Cap Rate 7%
$960,271
$960.3K
Cap Rate 9%
$746,878
$746.9K
Market Conditions
NOI Build-Up for 5,429 SF
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.
Gross rent
$126.4K $23.28/SF
− Vacancy
−$4.2K −$0.77/SF
EGI
$122.2K $22.51/SF
− OpEx
−$55.0K −$10.13/SF
NOI
$67.2K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,380
Cap Rate 7%
$960,271
Cap Rate 9%
$746,878
Alternative Uses
Best Use
Apartment 5plus
$960.3K
$840.2K – $1.12M
NOI $67,219 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,221 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 19007, PA
21,849
Population
9,675
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$66,811
Median Household Income
$43,642
Median Earnings
$1,029
Median Rent
$264,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - River views reach every residence, complemented by off-street parking and a private dead-end street setting.
Where is this apartment building located?
The property is located at 7015 Riverview Ave Bristol, PA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 6 total apartment units: two 2‑bedroom residences and four 1‑bedroom residences; 5,429‑square‑foot apartment building constructed in 1940; Every unit offers views of the Delaware River
