Mixed-Use Duplex with Wellness
17-19 North 2nd Street Souderton, PA 18964
17-19 North 2nd Street, Souderton, PA, 18964
$625,000
For Sale
$625,000
Mixed-use property includes a duplex residence and a renovated detached commercial building leased to a wellness spa.
Property Size2,757 SF
Price / SF$226.70
Days on Market246
Property Features for 17-19 North 2nd Street
General Information
- Standard status
- Active
- Size
- 2,757 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty
(215) 806-4688
Listed by
Brian Tuner · License #RS273853
(215) 806-4688
Source
Compass
Added: Nov 18, 2025 Updated: Jul 22 at 5:29AM Checked: Jul 22 at 5:29AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a duplex residence with a fully renovated detached commercial building. The owner-occupied first-floor residential unit includes 9' ceilings, a family room with a wood-burning stove, vaulted wood ceilings with skylights and recessed lighting, and an upgraded eat-in kitchen with newer countertops, island, tile backsplash, updated cabinetry, and a bay window. It also features two bedrooms, a remodeled full bathroom with a tile stall shower, a nearby laundry room with direct access to the rear yard, and basement access for additional storage.
The second residential unit is accessed from a covered front porch and offers two bedrooms, a full bathroom with a tub/shower combination, a living area, and a generous eat-in kitchen with a stackable washer and dryer, along with additional flex space and a third-level living/office area. Exterior improvements include raised planter beds, a newer storage shed, and woodshed and garden shed.
The detached commercial building was renovated in 2022 and includes two separate entrances. The current layout features a lobby with recessed lighting, four private treatment rooms, a walk-in closet, an office with sink and bathroom, a large flexible open space, a private additional room, a new stall shower, and an assisted wheelchair lift for ADA accessibility. Both the residential and commercial units are currently leased, and the residential tenant pays gas, electric, cable, and internet while the commercial tenant pays for gas, electric, cable, and internet.
The second residential unit is accessed from a covered front porch and offers two bedrooms, a full bathroom with a tub/shower combination, a living area, and a generous eat-in kitchen with a stackable washer and dryer, along with additional flex space and a third-level living/office area. Exterior improvements include raised planter beds, a newer storage shed, and woodshed and garden shed.
The detached commercial building was renovated in 2022 and includes two separate entrances. The current layout features a lobby with recessed lighting, four private treatment rooms, a walk-in closet, an office with sink and bathroom, a large flexible open space, a private additional room, a new stall shower, and an assisted wheelchair lift for ADA accessibility. Both the residential and commercial units are currently leased, and the residential tenant pays gas, electric, cable, and internet while the commercial tenant pays for gas, electric, cable, and internet.
Key Highlights
- Mixed‑use property with a duplex residence plus a fully renovated detached commercial building
- Detached commercial building renovated in 2022 and leased at $1,300/month through options through Sept 2028 (Wellness Spa)
- Third‑level duplex unit includes additional living/office area plus a second bedroom and an unfinished storage room
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 | $61.2k | $22.20 |
| − Vacancy | −$4.0k | −$1.44 |
| EGI | $57.2k | $20.76 |
| − OpEx | −$17.2k | −$6.23 |
| NOI | $40.1k | $14.53 |
2,757 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$572.3K
$500.7K – $667.7K
NOI $40,059 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$532.1K
$465.6K – $620.8K
NOI $37,248 @ 7.0% cap · market cap 5.96%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,010 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Mixed-use property includes a duplex residence and a renovated detached commercial building leased to a wellness spa.
Where is this duplex located?
The property is located at 17-19 North 2nd Street Souderton, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Mixed‑use property with a duplex residence plus a fully renovated detached commercial building; Detached commercial building renovated in 2022 and leased at $1,300/month through options through Sept 2028 (Wellness Spa); Third‑level duplex unit includes additional living/office area plus a second bedroom and an unfinished storage room
