9-Unit Apartment
159 MAIN Street, Royersford, PA 19468
For Sale
$1,400,000
Under Contract
Multi-Family, ROYERSFORD, PA
Property Size6,021 SF
Lot Size0.85 Acres
Price / SF$232.52
Days on Market48
Property Features for 159 MAIN Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
on-site coin laundry
off-street parking
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(717) 553-2500
Listed By:
Caleb T Knecht · License PA RS288414
(484) 995-1591
Added: Sep 26
Changed: Oct 27
Last Checked: Nov 12 at 7:06PM
MLS# PAMC2193782
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.
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Investment Insights
Based on property information with market context.
This 9-unit apartment building contains five one-bedroom units and four two-bedroom units, averaging approximately 800 SF each. Interior improvements include refreshed kitchens and bathrooms, LVP or laminate floors, and stainless appliances. Most apartments have high-efficiency mini-split HVAC. The building dates to 1880 and sits on a 0.85-acre parcel with a private parking area. Seven apartments are occupied, while two renovated units are vacant and ready for leasing. Current leases are staggered through 2027, with no month-to-month tenancies.
Residents pay separately metered electricity, and most leases include water and sewer reimbursements. Other revenue sources include coin-operated laundry, pet rent, and fees. The property is in downtown Royersford, near restaurants, breweries, Victory Park, the Schuylkill River Trail, and Route 422. The sale is offered as-is.
Residents pay separately metered electricity, and most leases include water and sewer reimbursements. Other revenue sources include coin-operated laundry, pet rent, and fees. The property is in downtown Royersford, near restaurants, breweries, Victory Park, the Schuylkill River Trail, and Route 422. The sale is offered as-is.
Key Highlights
- Nine apartments: five one‑bedroom units and four two‑bedroom units
- Two renovated vacant units; seven units are occupied
- Apartments average approximately 800 SF each; property totals 6,021 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,346
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,920
$1.6M
Cap Rate 7%
$1,162,086
$1.2M
Cap Rate 9%
$903,844
$903.8K
Market Conditions
NOI Build-Up for 6,021 SF
Gross rent
$157.5K $26.16/SF
− Vacancy
−$9.6K −$1.60/SF
EGI
$147.9K $24.56/SF
− OpEx
−$66.6K −$11.05/SF
NOI
$81.3K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,920
Cap Rate 7%
$1,162,086
Cap Rate 9%
$903,844
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,346 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.04M
NOI $242,434 @ 7.0% cap · market cap 17.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
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Business Placement
Demographics for 19468, PA
27,869
Population
11,560
Households
2.4
Avg Household Size
41
Median Age
48%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,649
Density / Sq Mi
$106,261
Median Household Income
$60,951
Median Earnings
$1,688
Median Rent
$383,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Montgomery County, PA
Properties on Market for Apartment buildings in Montgomery County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated unit finishes, resident-paid electric, and dedicated parking support the property’s operating configuration.
Where is this apartment building located?
The property is located at 159 MAIN Street Royersford, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Nine apartments: five one‑bedroom units and four two‑bedroom units; Two renovated vacant units; seven units are occupied; Apartments average approximately 800 SF each; property totals 6,021 square feet
