2-Unit Duplex with Shared
199 Michele Way Harleysville, PA 19438
199 Michele Way, Harleysville, PA, 19438
$499,900
For Sale
$499,900
Duplex offers separate entryways for two similar units and includes shared driveway, rear yard, and tenant sheds.
Property Size1,968 SF
Price / SF$254.01
Days on Market72
Property Features for 199 Michele Way
General Information
- Standard status
- Active
- Size
- 1,968 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1984
Listing agency
Keller Williams Real Estate-Montgomeryville
(215) 962-7407
Listed by
Teresa Jarousse · License #RS223762L
(215) 962-7407
Source
Compass
Added: May 12 Updated: Jul 22 at 5:19AM Checked: Jul 22 at 5:19AM
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 Real Estate-Montgomeryville
Investment Insights
Based on property information with market context.
This duplex is configured as a 2+2 style residence, with separate entryways into the first and second floors. The first-floor unit features a freshly painted interior, two bedrooms, a galley-style kitchen opening to a sun-filled living room, a separate dining room, a hall closet with a laundry area, and a full bath. It also includes a newer central air system, along with a washer and dryer. The second-floor layout is similar, with hardwood flooring and a comparable open floor plan.
The property is situated in the Hunter Crest development on a private setting at the end of a small cul-de-sac, set on a large corner lot. A shared driveway provides access, and there is a shared rear yard with two sheds for tenant use.
The home is described as nicely maintained and offers an investment-friendly duplex configuration, with convenience to shopping and major roadways per the listing remarks.
The property is situated in the Hunter Crest development on a private setting at the end of a small cul-de-sac, set on a large corner lot. A shared driveway provides access, and there is a shared rear yard with two sheds for tenant use.
The home is described as nicely maintained and offers an investment-friendly duplex configuration, with convenience to shopping and major roadways per the listing remarks.
Key Highlights
- Duplex built in 1984 with separate entryways for the first- and second‑floor units
- First‑floor unit: freshly painted, 2 bedrooms, galley kitchen open to sun‑filled living room, separate dining room, full bath
- First‑floor includes newer central air and in‑unit laundry with washer and dryer, plus refrigerator
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 | $43.7k | $22.20 |
| − Vacancy | −$2.8k | −$1.44 |
| EGI | $40.8k | $20.76 |
| − OpEx | −$12.3k | −$6.23 |
| NOI | $28.6k | $14.53 |
1,968 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.5K
$357.4K – $476.6K
NOI $28,595 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$379.8K
$332.4K – $443.1K
NOI $26,588 @ 7.0% cap · market cap 5.32%
Theoretical Best
Specialty Retail
$1.13M
$990.5K – $1.32M
NOI $79,241 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers separate entryways for two similar units and includes shared driveway, rear yard, and tenant sheds.
Where is this duplex located?
The property is located at 199 Michele Way Harleysville, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Duplex built in 1984 with separate entryways for the first- and second‑floor units; First‑floor unit: freshly painted, 2 bedrooms, galley kitchen open to sun‑filled living room, separate dining room, full bath; First‑floor includes newer central air and in‑unit laundry with washer and dryer, plus refrigerator
