Victorian Duplex with Bonus
For Sale
Under Contract
$510,000
152 N MAIN Street, Chalfont, PA 18914
Multi-Family, CHALFONT, PA
Property Size2,093 SF
Lot Size0.24 Acres
Price / SF$243.67
Days on Market174
Property Features for 152 N MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Parking Lot
Fireplace
1
Elementary school district
CENTRAL BUCKS
Middle school district
CENTRAL BUCKS
High school district
CENTRAL BUCKS
Standard status
Active Under Contract
Size
2,093 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
3295
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
private rear paver patio
in-unit laundry
basement laundry
Building Details
Year built
1920
Number of units
2
Building materials
Frame
Architectural style
Victorian
Listing Agency:
Iron Valley Real Estate Doylestown
(267) 703-5050
Listed By:
Jonathan Baker · License #RS325612
(215) 290-9230
Added: Mar 19
Changed: Sep 2
Last Checked: Sep 8 at 10:06AM
MLS# PABU2116248
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1920 Victorian duplex contains 2,093 square feet on a 0.2399-acre parcel. The first residence includes two bedrooms, one full bathroom, an eat-in kitchen, living room, basement access, laundry, and a rear paver patio. The upper residence offers two bedrooms, one full bathroom, kitchen, living room, in-unit laundry, and two additional bonus rooms on the top level. Frame construction, hot-water heat, central air, a fireplace, and on-site parking are included.
The property is fully rented, with established tenants in both units. It is located at 152 N MAIN Street in Chalfont Borough, within walking distance of the train station, post office, restaurants, and local amenities. Existing leases require 30 days' notice to vacate.
The property is fully rented, with established tenants in both units. It is located at 152 N MAIN Street in Chalfont Borough, within walking distance of the train station, post office, restaurants, and local amenities. Existing leases require 30 days' notice to vacate.
Key Highlights
- 2,093‑square‑foot duplex on a 0.2399‑acre lot
- Built in 1920 with Victorian architectural style and frame construction
- Two bedrooms and one full bathroom in each primary 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
$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
5.08%
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 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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased two-unit property with separate laundry areas, basement access, and a private rear patio.
Where is this duplex located?
The property is located at 152 N MAIN Street 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 on a 0.2399‑acre lot; Built in 1920 with Victorian architectural style and frame construction; Two bedrooms and one full bathroom in each primary unit
