Turnkey Duplex with Heated Wood
1441 W ORVILLA ROAD Hatfield, PA 19440
New
For Sale
$450,000
Turnkey 1930 duplex with two renovated units, private utilities, and a heated, powered wood shop on the property.
Property Size1,701 SF
Lot Size0.67 Acres
Price / SF$264.55
Days on Market7
Property Features for 1441 W ORVILLA ROAD
General Information
Standard status
Active
Size
1,701 SF
Lot size
0.67 Acres
Property subtype
Duplex
Building Details
Year Built
1930
Listing Agency:
Iron Valley Real Estate Doylestown
(610) 888-3383
Listed By:
Deana Herbert · License #RS329533
(610) 888-3383
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 28 at 4:28AM
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 Iron Valley Real Estate Doylestown
Investment Insights
Based on property information with market context.
This 1930 Old Colonial duplex offers two turnkey residential units with separate heat pumps for year-round heating and cooling. The first-floor unit is a 2-bedroom, 2-bath layout, and the second-floor unit is a 2-bedroom, 1-bath layout. Both units include in-unit washer/dryer hookup, and the second-floor unit includes a full set. Updates include vinyl siding, new windows, a full first-floor renovation completed in 2013, a second-floor renovation completed in 2020, and a newer roof. The first-floor heat pump system includes gas backup heat.
The property is served by a private well and public sewer. Out back, a 560-square-foot heated wood shop features 240V and 120V power, a ventilated paint booth, and its own PTAC for year-round heating and cooling, with security cameras present in the wood shop. There is also a 12x14 shed for additional storage.
Both units are currently occupied month-to-month at below-market rents. Showings are by appointment only, and an agent must be present at all showings.
The property is served by a private well and public sewer. Out back, a 560-square-foot heated wood shop features 240V and 120V power, a ventilated paint booth, and its own PTAC for year-round heating and cooling, with security cameras present in the wood shop. There is also a 12x14 shed for additional storage.
Both units are currently occupied month-to-month at below-market rents. Showings are by appointment only, and an agent must be present at all showings.
Key Highlights
- 1930 Old Colonial duplex with two separate units (2 bed/2 bath and 2 bed/1 bath)
- Renovations include full first‑floor renovation (2013), second‑floor renovation (2020), vinyl siding, new windows, and newer roof
- Each unit has its own heat pump for year‑round heating/cooling, plus gas backup heat on the first floor
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $22.20 |
| − Vacancy | −$2.5k | −$1.44 |
| EGI | $35.3k | $20.76 |
| − OpEx | −$10.6k | −$6.23 |
| NOI | $24.7k | $14.53 |
1,701 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$308.9K – $411.9K
NOI $24,715 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$328.3K
$287.3K – $383.0K
NOI $22,981 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$978.4K
$856.1K – $1.14M
NOI $68,490 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey 1930 duplex with two renovated units, private utilities, and a heated, powered wood shop on the property.
Where is this duplex located?
The property is located at 1441 W ORVILLA ROAD Hatfield, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1930 Old Colonial duplex with two separate units (2 bed/2 bath and 2 bed/1 bath); Renovations include full first‑floor renovation (2013), second‑floor renovation (2020), vinyl siding, new windows, and newer roof; Each unit has its own heat pump for year‑round heating/cooling, plus gas backup heat on the first floor
