Residential Income Triplex
165 West Moreland Avenue Horsham, PA 19044
165 West Moreland Avenue, Horsham, PA, 19044
$699,000
For Sale
$699,000
Triplex on a 1.92-acre lot with three separate units, including basement with laundry.
Property Size3,448 SF
Lot Size1.92 Acres
Price / SF$202.73
Days on Market228
Property Features for 165 West Moreland Avenue
General Information
- Standard status
- Active
- Size
- 3,448 SF
- Lot size
- 1.92 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1883
Listing agency
RE/MAX Centre Realtors
(267) 474-3651
Listed by
Erminio A Petrecca · License #RS218590L
(267) 474-3651
Source
Compass
Added: Dec 5, 2025 Updated: Jul 20 at 7:02PM Checked: Jul 21 at 7:05AM
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 Centre Realtors
Investment Insights
Based on property information with market context.
This for-sale triplex is located in Horsham Township and sits on a 1.92-acre lot. The property includes a 3,448-square-foot stone home and three residential units: Unit #1 (studio), Unit #2 (two-bedroom, one-bath), and Unit #3 (four-bedroom, two-baths). The units are supported by a basement with laundry.
The offering is presented for residential income use, with the listing also noting possible expansion and future development opportunities.
The property is served by a basement laundry area and is configured as a multi-unit residence with a studio, a two-bedroom unit, and a larger four-bedroom unit.
The offering is presented for residential income use, with the listing also noting possible expansion and future development opportunities.
The property is served by a basement laundry area and is configured as a multi-unit residence with a studio, a two-bedroom unit, and a larger four-bedroom unit.
Key Highlights
- Triplex on a 1.92‑acre lot in Horsham Township
- Total home size of 3,448 sq ft stone home (year built 1883)
- Three separate units: #1 studio, #2 2‑bedroom/1‑bath, and #3 4‑bedroom/2‑bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.5k | $22.20 |
| − Vacancy | −$5.0k | −$1.44 |
| EGI | $71.6k | $20.76 |
| − OpEx | −$21.5k | −$6.23 |
| NOI | $50.1k | $14.53 |
3,448 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$715.7K
$626.2K – $835.0K
NOI $50,099 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$665.5K
$582.3K – $776.4K
NOI $46,584 @ 7.0% cap · market cap 6.66%
Theoretical Best
Specialty Retail
$1.98M
$1.74M – $2.31M
NOI $138,833 @ 7.0% cap · market cap 19.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex on a 1.92-acre lot with three separate units, including basement with laundry.
Where is this triplex located?
The property is located at 165 West Moreland Avenue Horsham, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Triplex on a 1.92‑acre lot in Horsham Township; Total home size of 3,448 sq ft stone home (year built 1883); Three separate units: #1 studio, #2 2‑bedroom/1‑bath, and #3 4‑bedroom/2‑bath
