Duplex with Detached
For Sale
$325,900
1642 Bristol Pike, Morrisville, PA 19067
Two separately entered residences with private outdoor space, basement storage, and parking improvements support flexible occupancy options.
Property Size1,598 SF
Price / SF$203.94
Days on Market249
Property Features for 1642 Bristol Pike
General Information
Standard status
Active
Size
1,598 SF
Total Parking Spaces
1
Property subtype
Multi-Family / Fee Simple
Zoning
NC
Occupancy
50%
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,046
Amenities
covered front porch
storage shed
basement
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
RE/MAX Properties - Newtown
(215) 892-4335
Listed By:
Catherine A Boytos · License #RS304399
(215) 892-4335
Source:
Compass
Added: Dec 26, 2025
Changed: Aug 30
Last Checked: Aug 31 at 10:20PM
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 RE/MAX Properties - Newtown
Investment Insights
Based on property information with market context.
This two-unit duplex contains a one-bedroom, one-bath first-floor residence and a two-bedroom, one-bath second-floor residence. The lower unit includes a private entrance, full-size laundry, a bright kitchen with island, basement storage access, and a covered front porch. The upper unit also has its own entrance, kitchen, full bath, and front porch. New vinyl flooring is installed throughout the first-floor unit. The property is being sold in AS IS condition, with Falls Township U&O provided by the seller.
The 1,598-square-foot property was built in 1950 and includes dual driveways, parking for 7 cars, a detached 1-car garage with electric service, a full basement with Bilco door access, a storage shed, and a deep backyard. The first-floor unit is vacant, while the second-floor residence is occupied under a month-to-month lease. Located in Falls Township within the Pennsbury school district, the property carries NC zoning and offers access to the tow path and Delaware Canal.
The 1,598-square-foot property was built in 1950 and includes dual driveways, parking for 7 cars, a detached 1-car garage with electric service, a full basement with Bilco door access, a storage shed, and a deep backyard. The first-floor unit is vacant, while the second-floor residence is occupied under a month-to-month lease. Located in Falls Township within the Pennsbury school district, the property carries NC zoning and offers access to the tow path and Delaware Canal.
Key Highlights
- Two‑unit layout with 1‑bedroom and 2‑bedroom residences
- 1,598 SF duplex built in 1950
- Parking for 7 cars plus a detached 1‑car garage with electric service
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
$19,786
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
6.07%
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%
$395,720
$395.7K
Cap Rate 7%
$282,657
$282.7K
Cap Rate 9%
$219,844
$219.8K
Market Conditions
NOI Build-Up for 1,598 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
$37.2K $23.28/SF
− Vacancy
−$1.2K −$0.77/SF
EGI
$36.0K $22.51/SF
− OpEx
−$16.2K −$10.13/SF
NOI
$19.8K $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%
$395,720
Cap Rate 7%
$282,657
Cap Rate 9%
$219,844
Alternative Uses
Best Use
Apartment 5plus
$282.7K
$247.3K – $329.8K
NOI $19,786 @ 7.0% cap · market cap 6.07%
Second Best
Multifamily LT 5
$270.9K
$237.0K – $316.0K
NOI $18,960 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$484.5K
$423.9K – $565.3K
NOI $33,915 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 19067, PA
53,153
Population
21,792
Households
2.4
Avg Household Size
44
Median Age
56%
College-Educated
97%
High-School Grad
31.5 sq mi
ZIP Area
1,687
Density / Sq Mi
$131,604
Median Household Income
$63,454
Median Earnings
$1,599
Median Rent
$483,000
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 separately entered residences with private outdoor space, basement storage, and parking improvements support flexible occupancy options.
Where is this duplex located?
The property is located at 1642 Bristol Pike Morrisville, PA.
What is the asking price?
The asking price for this property is $325,900.
What are key features of this property?
This property features: Two‑unit layout with 1‑bedroom and 2‑bedroom residences; 1,598 SF duplex built in 1950; Parking for 7 cars plus a detached 1‑car garage with electric service
