Four-Unit Residential
For Sale
$749,000
1721 Fourth Street, Langhorne, PA 19047
Four separate entrances support distinct living areas within the property’s residential layout.
Property Size3,845 SF
Price / SF$194.80
Days on Market12
Property Features for 1721 Fourth Street
General Information
Standard status
Active
Size
3,845 SF
Total Parking Spaces
1
Property subtype
Multi Family Home
Zoning
R2
Units
Unit Mix
3BR/2BA approx 1100sf, 3BR/2BA approx 1350sf, 2BR approx 700sf, Studio approx 330sf
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,800
Building Details
Building Size
3,845 SF
Year Built
1964
Units
4
Listing Agency:
Market Force Realty
(866) 993-8585
Listed By:
Inga Aptekar · License #RS320617
(267) 247-6803
Source:
Abundantregroup
Added: Oct 12
Changed: Oct 22
Last Checked: Oct 22 at 2:26PM
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 Market Force Realty
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Investment Insights
Based on property information with market context.
At 1721 Fourth Street, this 3,845-square-foot residential property is arranged as four separate living areas, each with its own entrance. The first area is approximately 1,100 square feet, with three bedrooms, two full bathrooms, a renovated kitchen, and updated flooring and plumbing. A second area spans approximately 1,350 square feet across two levels and includes three bedrooms, two full bathrooms, a renovated kitchen and bathrooms, and updated flooring. The basement area is approximately 700 square feet with two bedrooms and a separate entrance; the approximately 330-square-foot studio also has its own entrance. Zoning is R2. The four-unit rental arrangement has not been confirmed as municipally approved, so buyers should verify zoning, permitted uses, licensing, and any required approvals. Four refrigerators, three washers, and three dryers are included as-is.
Key Highlights
- Four distinct living areas, each with a separate entrance
- Property size: 3,845 square feet; zoning: R2
- First area: approximately 1,100 square feet, three bedrooms, two full bathrooms, renovated kitchen, updated flooring and plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,607
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,140
$952.1K
Cap Rate 7%
$680,100
$680.1K
Cap Rate 9%
$528,967
$529.0K
Market Conditions
NOI Build-Up for 3,845 SF
Gross rent
$89.5K $23.28/SF
− Vacancy
−$3.0K −$0.77/SF
EGI
$86.6K $22.51/SF
− OpEx
−$39.0K −$10.13/SF
NOI
$47.6K $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 Rate 5%
$952,140
Cap Rate 7%
$680,100
Cap Rate 9%
$528,967
Alternative Uses
Best Use
Apartment 5plus
$680.1K
$595.1K – $793.5K
NOI $47,607 @ 7.0% cap · market cap 6.36%
Second Best
Multifamily LT 5
$651.7K
$570.3K – $760.4K
NOI $45,621 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,604 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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Business Placement
Demographics for 19047, PA
35,452
Population
13,150
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
2,061
Density / Sq Mi
$110,395
Median Household Income
$55,992
Median Earnings
$1,770
Median Rent
$441,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate entrances support distinct living areas within the property’s residential layout.
Where is this quadplex located?
The property is located at 1721 Fourth Street Langhorne, PA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Four distinct living areas, each with a separate entrance; Property size: 3,845 square feet; zoning: R2; First area: approximately 1,100 square feet, three bedrooms, two full bathrooms, renovated kitchen, updated flooring and plumbing
