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    Detached Two-Unit Colonial Duplex Title is generated by Realmo AI

    205 ERIE Avenue, Quakertown, PA 18951

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    For Sale
    $275,000

    MULTI_FAMILY - Colonial - QUAKERTOWN, PA

    Property size:
    1,840 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $149/SF
    Added:
    Jun 2, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 2 at 3:06 pm

    Property Features for 205 ERIE Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Parking features
    Garage - Detached, Alley
    Appliances
    Oven/Range - Electric
    Standard status
    Active
    Size
    1,840 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3558

    Utilities

    Heating system
    Hot Water(Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1882
    Number of units
    2
    Building materials
    Frame
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Jeffrey Torchia
    Jeffrey Torchia

    Listing agent Jeffrey Torchia License #SB065687

    Listing office Preferred Properties Plus 7001 N Route 309, Coopersburg, PA

    Listing date Jun 2, 2026

    MLS# PABU2122824

    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

    • Two‑unit detached Colonial in Quakertown: one 1‑bedroom unit and one 2‑bedroom unit
    • Detached two‑car garage with alley access
    • Year built 1882; frame construction
    • Oil heat with hot water heating
    • Cooling includes window unit(s)
    • Electric oven/range appliances included

    Overview

    Charming detached Colonial duplex in Quakertown featuring two separate rental units: one 1-bedroom unit and one 2-bedroom unit. The home is heated by oil and includes a detached two-car garage, providing practical on-site parking and storage. The property is fully tenant-occupied on month-to-month leases, offering immediate income potential for an owner-operator or investor.

    Located in the borough of Quakertown, the property is listed at 205 Erie Avenue in Bucks County, Pennsylvania. With both units currently in place and occupied, the building offers a straightforward transition for buyers seeking an actively leased asset.

    This configuration is well-suited to investors looking for a compact multifamily holding with a mix of bedroom counts. The detached garage and existing tenant occupancy can appeal to buyers who want to manage or oversee day-to-day operations without waiting for new leasing cycles. Month-to-month tenancy may also provide flexibility for future rent and unit adjustments, subject to applicable terms and laws.

    Local Financial Insights For Apartment 5plus

    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 $42.8k $23.28
    − Vacancy −$1.4k −$0.77
    EGI $41.4k $22.51
    − OpEx −$18.6k −$10.13
    NOI $22.8k $12.38
    1,840 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $325.5K
    $284.8K – $379.7K (±1% cap)
    NOI $22,782 @ 7.0% cap · market cap 8.28%
    Second Best
    Multifamily LT 5
    $311.9K
    $272.9K – $363.9K (±1% cap)
    NOI $21,832 @ 7.0% cap · market cap 7.94%
    Theoretical Best
    Office A
    $557.9K
    $488.1K – $650.9K (±1% cap)
    NOI $39,051 @ 7.0% cap · market cap 14.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile 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
    Quakertown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.333046
    Latitude
    40.4441681

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    FAQs

    What type of property is this?
    Duplex - Two-unit detached Colonial with oil heat, a detached two-car garage, and month-to-month tenant occupancy for investors.
    Where is this duplex located?
    The property is located at 205 ERIE Avenue Quakertown, PA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Two‑unit detached Colonial in Quakertown: one 1‑bedroom unit and one 2‑bedroom unit; Detached two‑car garage with alley access; Year built 1882; frame construction
    (610) 282-1333
    We can help!
    Listing Contact
    Jeffrey Torchia
    Jeffrey Torchia
    Real Estate License ID: SB065687
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    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.

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