Building Details

Building Size 3,299 SF

Year Built 1890

Listing Agency: HomeSmart Nexus Realty Group - Newtown Show Phone

Listed By: William J Cush · License #RS309796 Show Phone

Source: Jmdiamondrealty

Added: Oct 29 Changed: Oct 30 Last Checked: Nov 3 at 7:56AM

Report an Issue

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 HomeSmart Nexus Realty Group - Newtown

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This multifamily property includes a primary residence with 3,299 square feet of finished living space, a full basement, and two fireplaces. The property also has a second house, garage, pole barn, and shed. Stone exterior construction and a 1890 year built are noted, along with recent renovations. Zoning is RC.

A well serves the property, with driveway and off-street parking. The combination of two residences and several accessory structures provides a varied residential configuration.

Key Highlights

• Two residences on the property
• Primary residence includes 3,299 square feet of finished living space
• Full basement and two fireplaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,571

Cap Rate

4.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$891,420 $891.4K

Cap Rate 7%

$636,729 $636.7K

Cap Rate 9%

$495,233 $495.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,299 SF

Gross rent

$86.3K $26.16/SF

− Vacancy

−$5.3K −$1.60/SF

EGI

$81.0K $24.56/SF

− OpEx

−$36.5K −$11.05/SF

NOI

$44.6K $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%

$891,420

Cap Rate 7%

$636,729

Cap Rate 9%

$495,233

Alternative Uses

Best Use

Apartment 5plus

$636.7K

$557.1K – $742.9K (±1% cap)

NOI $44,571 @ 7.0% cap · market cap 4.50%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.90M

$1.66M – $2.21M (±1% cap)

NOI $132,833 @ 7.0% cap · market cap 13.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 18054, PA

4,615

Population

1,834

Households

2.5

Avg Household Size

46

Median Age

40%

College-Educated

94%

High-School Grad

16.9 sq mi

ZIP Area

273

Density / Sq Mi

$109,613

Median Household Income

$48,778

Median Earnings

$1,716

Median Rent

$408,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

16-Unit Apartment Building

Green Lane, PA 18054

Contact for pricing

View details

Flexible Commercial Space

3000 Main Street, Green Lane, PA 18054

$1,700,000

26,600 SF

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - A second residence, garage, pole barn, and shed add flexibility across this rural residential property.

Where is this multifamily property located?

The property is located at 1710 Lower Rocky Dale Road Green Lane, PA.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: Two residences on the property; Primary residence includes 3,299 square feet of finished living space; Full basement and two fireplaces