Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Harleysville Duplex in Hunter Crest Title is generated by Realmo AI

    199 MICHELE Way, Harleysville, PA 19438

    View on Map
    Claim this Listing
    For Sale
    $484,990

    MULTI_FAMILY - Other - HARLEYSVILLE, PA

    Property size:
    1,968 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $246/SF
    Added:
    May 13, 2026
    Days on Market:
    8
    Last Refresh:
    May 20 at 6:06 am

    Property Features for 199 MICHELE Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway
    Appliances
    Refrigerator, Dryer, Washer
    Standard status
    Active
    Size
    1,968 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5097

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Teresa Jarousse

    Listing agent Teresa Jarousse License #RS223762L

    Listing office Keller Williams Realty Group 400 Arcola Road unit: A5, Limerick, PA

    Listing date May 13, 2026

    MLS# PAMC2179274 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex configuration ideal for investment or owner‑occupancy with rental income
    • Private corner lot location on a cul‑de‑sac
    • Two separate units each featuring 2 bedrooms, kitchen, living room, dining room, and full bath
    • First floor unit includes newer central air system, washer, and dryer
    • Convenient location close to shopping and major roadways
    • Shared rear yard with two sheds for tenant use

    Overview

    Located in the Hunter Crest development, this duplex is situated in a private setting on a cul-de-sac. The property sits on a corner lot, offering an abundance of privacy. The building features separate entryways for the first and second floors. The first floor has been freshly painted and includes two bedrooms, a galley-style kitchen that opens to a sun-filled living room, a separate dining room, a hall closet with a laundry area, and a full bath. This unit also features a newer central air system, a washer, and a dryer. The second floor has a similar layout to the first floor and includes hardwood flooring. Both units feature an open floor plan. The property includes a shared rear yard and two sheds for tenant use. The property is close to shopping and major roadways. This duplex offers an investment opportunity. The property is nicely maintained and consists of 1968 square feet on a 0.214-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harleysville
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.37003
    Latitude
    40.27192

    Nearby Similar for Sale

    • $2,775

      Turnkey Commercial Space in Harleysville

      Versatile commercial space with ample parking and modern finishes.
      173 MAIN STREET, HARLEYSVILLE, PA 19438
      View Details
    • $549,000
      2,308 SF

      Harleysville Duplex on Large Lot

      Side-by-side duplex with investment and rental growth potential.
      259 FLORENCE Drive, HARLEYSVILLE, PA 19438
      View Details
    • $3,200

      Harleysville Office and Retail Space

      Office and retail space in downtown Harleysville for lease.
      500 MAIN STREET, HARLEYSVILLE, PA 19438
      View Details
    • $875,000

      Established Restaurant and Catering Business

      Restaurant/catering business with seating for 120, includes equipment.
      315 ALUMNI AVENUE, HARLEYSVILLE, PA 19438
      View Details
    • $4,042
      2,772 SF

      Harleysville Commercial Space For Sale

      Versatile commercial space suitable for various business types.
      448 SCHOOL LANE, HARLEYSVILLE, PA 19438
      View Details
    • $1,260,000
      6,484 SF

      Office

      681 Harleysville Pike, Harleysville, PA 19438
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in a private setting, ideal for investment.
    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 $484,990.
    What are key features of this property?
    This property features: Duplex configuration ideal for investment or owner‑occupancy with rental income; Private corner lot location on a cul‑de‑sac; Two separate units each featuring 2 bedrooms, kitchen, living room, dining room, and full bath
    (215) 962-7407
    We can help!
    Listing Contact
    Teresa Jarousse
    Real Estate License ID: RS223762L
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    199 MICHELE Way, HARLEYSVILLE, PA 19438
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!