Fully Rented Duplex with Flexible
For Sale
$510,000
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$243.67
Days on Market65
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
Listed By:
Jonathan Baker · License #RS325612
(215) 340-5700
Source:
Jennysoldmine
Added: Aug 11
Changed: Oct 3
Last Checked: Oct 7 at 4:52PM
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 / Yr
$25,914
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
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
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 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 5.08%
Second Best
Multifamily LT 5
$354.8K
$310.4K – $413.9K
NOI $24,834 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$634.6K
$555.3K – $740.3K
NOI $44,420 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 $510,000.
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
