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Updated 5-Unit Apartment Building
For Sale
Contact for pricing
Pending

231 Washington St, Morrisville, PA 19067

Fully leased apartment building with updated systems, exterior improvements, and refreshed common areas.

Property SizeContact for details
Days on Market143

Property Features for 231 Washington St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 5

Building Details

Buildings 1
Listing Agency: Berkshire Hathaway HomeServices Fox & Roach REALTORS Southampton
Listed By: Fern Hellinger · License #PA RS349578
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 8:32PM

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 Berkshire Hathaway HomeServices Fox & Roach REALTORS Southampton

Investment Insights

Based on property information with market context.

This fully occupied 5-unit apartment building includes updated gas heat and electric service, along with new windows, siding, and gutters. A new hot water heater has been installed, while the common areas feature recent paint and carpeting. The property is being offered in its present condition.

The building is part of a package with 250 Washington Street, located directly across Washington Street in Morrisville, Pennsylvania. All units are occupied, and the existing tenants have indicated they would like to remain. Buyer access requires an appointment with 24 hours’ notice, and entry should not be attempted without prior arrangements.

Key Highlights

  • Fully rented 5‑unit apartment building
  • Updated gas heat and electric service
  • All new windows, siding, and gutters

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Locksmith Home Appliance Store Furniture & Home Goods Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

573
Businesses Nearby

Demographics for 19067, PA

53,153
Population
21,792
Households
2.4
Avg Household Size
44
Median Age
56%
College-Educated
97%
High-School Grad
31.5 sq mi
ZIP Area
1,687
Density / Sq Mi
$131,604
Median Household Income
$63,454
Median Earnings
$1,599
Median Rent
$483,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased apartment building with updated systems, exterior improvements, and refreshed common areas.
Where is this apartment building located?
The property is located at 231 Washington St Morrisville, PA.
What are key features of this property?
This property features: Fully rented 5‑unit apartment building; Updated gas heat and electric service; All new windows, siding, and gutters
More about this property
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