Brick Triplex with Private
For Sale
$1,149,900
150 Selner Lane, Doylestown, PA 18901
Three apartments feature granite counters, stainless appliances, laundry, storage, and dedicated parking.
Property Size4,800 SF
Price / SF$239.56
Days on Market237
Property Features for 150 Selner Lane
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
6
Property subtype
Multi-Family / Fee Simple
Zoning
MULTIFAMILY
Taxes and HOA fees
Annual Taxes
$3,800
Amenities
No
Doors - Swing In
No Pool
Above Grade, Below Grade
Building Details
Year Built
1969
Listing Agency:
Keller Williams Real Estate - Bensalem
(267) 241-0640
Listed By:
Veysal Badalov · License #RS341198
(267) 241-0640
Source:
Compass
Added: Jan 5
Changed: Aug 29
Last Checked: Aug 29 at 3:42PM
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 - Bensalem
Investment Insights
Based on property information with market context.
This all-brick triplex contains 4,800 square feet and was built in 1969. Each of the three apartments offers two bedrooms, one bathroom, and a spacious layout; one unit also has its own private entrance. Interior features include granite countertops and stainless steel appliances, complemented by on-site laundry and private storage.
The property includes a private parking lot with six spaces, allocated at two spaces per apartment. Recent exterior work includes a brand-new 2025 roof and new siding. The building is zoned MULTIFAMILY and offers views of the Bucks County Courthouse from its location at 150 Selner Lane in Doylestown Borough.
Downtown surroundings provide walkable access to dining, shopping, movies, and everyday conveniences. The property is within the Central Bucks School District.
The property includes a private parking lot with six spaces, allocated at two spaces per apartment. Recent exterior work includes a brand-new 2025 roof and new siding. The building is zoned MULTIFAMILY and offers views of the Bucks County Courthouse from its location at 150 Selner Lane in Doylestown Borough.
Downtown surroundings provide walkable access to dining, shopping, movies, and everyday conveniences. The property is within the Central Bucks School District.
Key Highlights
- Three‑unit building with three two‑bedroom, one‑bath apartments
- 4,800 square feet on a 1969‑built all‑brick structure
- Private parking lot with 6 spaces, providing 2 spaces per unit
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
$59,431
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
5.17%
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%
$1,188,620
$1.2M
Cap Rate 7%
$849,014
$849.0K
Cap Rate 9%
$660,344
$660.3K
Market Conditions
NOI Build-Up for 4,800 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
$111.7K $23.28/SF
− Vacancy
−$3.7K −$0.77/SF
EGI
$108.1K $22.51/SF
− OpEx
−$48.6K −$10.13/SF
NOI
$59.4K $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%
$1,188,620
Cap Rate 7%
$849,014
Cap Rate 9%
$660,344
Alternative Uses
Best Use
Apartment 5plus
$849.0K
$742.9K – $990.5K
NOI $59,431 @ 7.0% cap · market cap 5.17%
Second Best
Multifamily LT 5
$813.6K
$711.9K – $949.2K
NOI $56,952 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,872 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 18901, PA
28,395
Population
11,431
Households
2.5
Avg Household Size
47
Median Age
58%
College-Educated
98%
High-School Grad
21.0 sq mi
ZIP Area
1,352
Density / Sq Mi
$115,425
Median Household Income
$54,548
Median Earnings
$1,890
Median Rent
$544,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments feature granite counters, stainless appliances, laundry, storage, and dedicated parking.
Where is this triplex located?
The property is located at 150 Selner Lane Doylestown, PA.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Three‑unit building with three two‑bedroom, one‑bath apartments; 4,800 square feet on a 1969‑built all‑brick structure; Private parking lot with 6 spaces, providing 2 spaces per unit
