Renovated Duplex with Four-Car
New
For Sale
$315,000
Pending
218 N CHURCH STREET, Mohnton, PA 19540
Two occupied units, updated interiors, and substantial on-site parking support practical residential income use.
Property Size1,456 SF
Days on Market4
Property Features for 218 N CHURCH STREET
General Information
Standard status
Pending
Size
1,456 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1909
Buildings
1
Listing Agency:
Realty One Group Alliance
(610) 484-8663
Listed By:
Shalani Colon · License #365922
(610) 507-2020
Source:
Cummingsrealtors
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 3:20PM
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 Realty One Group Alliance
Investment Insights
Based on property information with market context.
This duplex contains two occupied units within a 1,456-square-foot property built in 1909. One residence has undergone a complete renovation, while the other includes multiple updates and a kitchen that remains unfinished for the next owner to complete. The property also features a four-car garage and additional off-street parking, providing more vehicle capacity than typically associated with a two-unit building.
Located at 218 N Church Street in Mohnton, Pennsylvania, the property combines an established residential structure with existing occupancy and flexible garage space. The mix of completed improvements, ongoing updates, and substantial parking creates a clear basis for continued residential income use.
Located at 218 N Church Street in Mohnton, Pennsylvania, the property combines an established residential structure with existing occupancy and flexible garage space. The mix of completed improvements, ongoing updates, and substantial parking creates a clear basis for continued residential income use.
Key Highlights
- Two occupied residential units
- One unit fully renovated; second unit has multiple updates
- Second‑unit kitchen remains unfinished for owner completion
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$287,080
$287.1K
Cap Rate 7%
$205,057
$205.1K
Cap Rate 9%
$159,489
$159.5K
Market Conditions
NOI Build-Up for 1,456 SF
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.
Gross rent
$21.3K $14.64/SF
− Vacancy
−$810 −$0.56/SF
EGI
$20.5K $14.08/SF
− OpEx
−$6.2K −$4.23/SF
NOI
$14.4K $9.86/SF
Area
Berks County, PA
Vacancy
3.80%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$287,080
Cap Rate 7%
$205,057
Cap Rate 9%
$159,489
Alternative Uses
Best Use
Multifamily LT 5
$205.1K
$179.4K – $239.2K
NOI $14,354 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$179.2K
$156.8K – $209.1K
NOI $12,546 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$239.0K
$209.1K – $278.9K
NOI $16,731 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 19540, PA
11,861
Population
4,515
Households
2.6
Avg Household Size
46
Median Age
32%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
337
Density / Sq Mi
$96,066
Median Household Income
$49,889
Median Earnings
$999
Median Rent
$290,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units, updated interiors, and substantial on-site parking support practical residential income use.
Where is this duplex located?
The property is located at 218 N CHURCH STREET Mohnton, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two occupied residential units; One unit fully renovated; second unit has multiple updates; Second‑unit kitchen remains unfinished for owner completion
