Tenant-Occupied Twin
174 East Main Street Lansdale, PA 19446
174 East Main Street, Lansdale, PA, 19446
$359,900
Pending
For Sale
$359,900
Pending
Victorian twin with two occupied levels and additional unfinished beds on the third floor.
Property Size1,587 SF
Days on Market173
Property Features for 174 East Main Street
General Information
- Standard status
- Pending
- Size
- 1,587 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1885
Listing agency
Keller Williams Realty Group
(484) 985-0951
Listed by
gina aiello · License #RS345492
(484) 985-0951
Source
Compass
Added: Jan 30 Updated: Jul 21 at 6:10PM Checked: Jul 22 at 7:53AM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This Victorian twin is currently tenant-occupied and configured as a rooming house with an apartment. The first floor is occupied as an apartment, while the entire second floor consists of three rooms with a shared bath and is fully occupied. The third floor includes two additional unfinished bedrooms. The first and third floors require further work, and off-street parking is available in the back.
The property is located on East Main Street in Lansdale Borough within Montgomery County. Transportation access includes a bus stop less than one mile and a commuter rail station less than one mile.
As licensed in the business district as a non-conforming rooming house with apartment, the property presents a mixed residential income setup with some interior areas still unfinished.
The property is located on East Main Street in Lansdale Borough within Montgomery County. Transportation access includes a bus stop less than one mile and a commuter rail station less than one mile.
As licensed in the business district as a non-conforming rooming house with apartment, the property presents a mixed residential income setup with some interior areas still unfinished.
Key Highlights
- Victorian twin on E Main Street in Lansdale Boro built in 1885
- 5+ bedrooms and 2.5 bathrooms; first‑floor apartment and second‑floor three rooms with a shared bath
- Currently tenant occupied with two occupied levels; first‑floor tenant has been there over 20 years (month‑to‑month leases noted)
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 | $35.2k | $22.20 |
| − Vacancy | −$2.3k | −$1.44 |
| EGI | $32.9k | $20.76 |
| − OpEx | −$9.9k | −$6.23 |
| NOI | $23.1k | $14.53 |
1,587 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.4K
$288.2K – $384.3K
NOI $23,059 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$306.3K
$268.0K – $357.4K
NOI $21,441 @ 7.0% cap · market cap 5.96%
Theoretical Best
Specialty Retail
$912.9K
$798.8K – $1.07M
NOI $63,900 @ 7.0% cap · market cap 17.75%
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 - Victorian twin with two occupied levels and additional unfinished beds on the third floor.
Where is this duplex located?
The property is located at 174 East Main Street Lansdale, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Victorian twin on E Main Street in Lansdale Boro built in 1885; 5+ bedrooms and 2.5 bathrooms; first‑floor apartment and second‑floor three rooms with a shared bath; Currently tenant occupied with two occupied levels; first‑floor tenant has been there over 20 years (month‑to‑month leases noted)
