Fully Rented Duplex with Flexible
For Sale
$525,000
152 N Main St, Chalfont, PA 18914
Two-unit rental property with separate living spaces, laundry facilities, basement access, and an upper-level bonus area.
Property Size2,093 SF
Price / SF$250.84
Days on Market19
Property Features for 152 N Main St
General Information
Standard status
Active
Size
2,093 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
private rear paver patio
in-unit laundry
basement access with laundry
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Iron Valley Real Estate Doylestown
(215) 340-5700
Listed By:
Jonathan Baker · License #RS325612
Source:
Jennysoldmine
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 29 at 2:17PM
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 1920-built duplex contains 2,093 square feet across two residential units and is currently fully rented. The first-floor residence includes two bedrooms, one full bathroom, an eat-in kitchen, living room, basement access with laundry, and a private rear paver patio. The second-floor unit offers two bedrooms, one full bathroom, a kitchen, living room, in-unit laundry, and two additional bonus rooms on the upper level.
The property is located at 152 N Main St in Chalfont, within walking distance of the train station, post office, restaurants, and other local amenities. Both units have long-term tenants, and existing leases require 30 days’ notice to vacate. The configuration supports continued rental operation, future repositioning, or owner occupancy of one unit while retaining the other as a rental.
The property is located at 152 N Main St in Chalfont, within walking distance of the train station, post office, restaurants, and other local amenities. Both units have long-term tenants, and existing leases require 30 days’ notice to vacate. The configuration supports continued rental operation, future repositioning, or owner occupancy of one unit while retaining the other as a rental.
Key Highlights
- 2,093‑square‑foot duplex built in 1920
- Fully rented with long‑term tenants in both units
- First‑floor unit includes 2 bedrooms, basement laundry, and a private rear paver patio
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
$25,914
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
4.94%
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%
$518,280
$518.3K
Cap Rate 7%
$370,200
$370.2K
Cap Rate 9%
$287,933
$287.9K
Market Conditions
NOI Build-Up for 2,093 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
$48.7K $23.28/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$47.1K $22.51/SF
− OpEx
−$21.2K −$10.13/SF
NOI
$25.9K $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%
$518,280
Cap Rate 7%
$370,200
Cap Rate 9%
$287,933
Alternative Uses
Best Use
Apartment 5plus
$370.2K
$323.9K – $431.9K
NOI $25,914 @ 7.0% cap · market cap 4.94%
Second Best
Multifamily LT 5
$354.8K
$310.4K – $413.9K
NOI $24,834 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$634.6K
$555.3K – $740.3K
NOI $44,420 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 18914, PA
21,475
Population
7,900
Households
2.7
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,220
Density / Sq Mi
$148,286
Median Household Income
$67,169
Median Earnings
$1,991
Median Rent
$477,200
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?
Duplex - Two-unit rental property with separate living spaces, laundry facilities, basement access, and an upper-level bonus area.
Where is this duplex located?
The property is located at 152 N Main St Chalfont, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,093‑square‑foot duplex built in 1920; Fully rented with long‑term tenants in both units; First‑floor unit includes 2 bedrooms, basement laundry, and a private rear paver patio
