Two-Building Quadplex with Off-Street
For Sale
$850,000
2267 East Farragut Avenue, Bristol, PA 19007
Four-unit property with separate entrances, residential kitchens, basement laundry, and yard space.
Property Size2,045 SF
Price / SF$415.65
Days on Market181
Property Features for 2267 East Farragut Avenue
General Information
Standard status
Active
Size
2,045 SF
Property subtype
Multi-Family / Fee Simple
Zoning
I
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,289
Amenities
No
Carbon Monoxide Detector(s), Smoke Detector
No Pool
Above Grade, Below Grade
Flood Lights, Street Lights
Building Details
Year Built
1928
Buildings
2
Listing Agency:
Coldwell Banker Hearthside
(267) 350-5555
Listed By:
Ellen M Cassidy · License #AB062535L
(267) 350-5555
Source:
Compass
Added: Mar 2
Changed: Aug 29
Last Checked: Aug 29 at 7:10PM
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 Coldwell Banker Hearthside
Investment Insights
Based on property information with market context.
This 1928 quadplex at 2267 East Farragut Avenue comprises two separate buildings totaling 2,045 square feet. The front colonial-style residence contains a two-bedroom, one-bath unit on the first floor and a separate one-bedroom, one-bath apartment upstairs. Features include a sunroom, brick front porch, replaced windows, fireplaces, kitchens with wood cabinetry or ample storage, and carpeted living areas. The first-floor unit also includes a full unfinished basement with laundry facilities.
The rear building contains two additional one-bedroom, one-bath units, with one apartment on each floor. The property includes off-street parking and a yard, with access to public transit and a commuter rail station less than 1 mile away. I-95 and the PA Turnpike are also accessible, while Bristol Borough destinations include Mill Street shops and restaurants, the Bristol Wharf, Amish Market, Grundy Library, and Riverside Theater.
The rear building contains two additional one-bedroom, one-bath units, with one apartment on each floor. The property includes off-street parking and a yard, with access to public transit and a commuter rail station less than 1 mile away. I-95 and the PA Turnpike are also accessible, while Bristol Borough destinations include Mill Street shops and restaurants, the Bristol Wharf, Amish Market, Grundy Library, and Riverside Theater.
Key Highlights
- Four‑unit configuration across 2 separate buildings
- 2,045 square feet on a 0.10‑acre lot
- Front building includes 2‑bedroom and 1‑bedroom units
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
$25,320
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
2.98%
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%
$506,400
$506.4K
Cap Rate 7%
$361,714
$361.7K
Cap Rate 9%
$281,333
$281.3K
Market Conditions
NOI Build-Up for 2,045 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
$47.6K $23.28/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$46.0K $22.51/SF
− OpEx
−$20.7K −$10.13/SF
NOI
$25.3K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$506,400
Cap Rate 7%
$361,714
Cap Rate 9%
$281,333
Alternative Uses
Best Use
Apartment 5plus
$361.7K
$316.5K – $422.0K
NOI $25,320 @ 7.0% cap · market cap 2.98%
Second Best
Multifamily LT 5
$346.6K
$303.3K – $404.4K
NOI $24,264 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$620.0K
$542.5K – $723.4K
NOI $43,402 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 19007, PA
21,849
Population
9,675
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$66,811
Median Household Income
$43,642
Median Earnings
$1,029
Median Rent
$264,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with separate entrances, residential kitchens, basement laundry, and yard space.
Where is this quadplex located?
The property is located at 2267 East Farragut Avenue Bristol, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit configuration across 2 separate buildings; 2,045 square feet on a 0.10‑acre lot; Front building includes 2‑bedroom and 1‑bedroom units
