Five-Residence Historic Farmhouse
2319 Forest Grove Road Furlong, PA 18925
2319 Forest Grove Road, Furlong, PA, 18925
$1,595,000
For Sale
$1,595,000
Historic farmhouse with four units plus detached carriage house, totaling five independent residences on nearly six acres.
Property Size6,376 SF
Lot Size6.00 Acres
Price / SF$250.16
Days on Market87
Property Features for 2319 Forest Grove Road
General Information
- Standard status
- Active
- Size
- 6,376 SF
- Lot size
- 6.00 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1850
Listing agency
Innovate Real Estate
(908) 246-0882
Listed by
Mandee Hammerstein
(908) 246-0882
Source
Compass
Added: Apr 28 Updated: Jul 22 at 4:43PM Checked: Jul 22 at 4:43PM
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 Innovate Real Estate
Investment Insights
Based on property information with market context.
A historic Bucks County farmhouse estate offering five independent residences within the main farmhouse and a detached carriage house. Four residences are located in the main farmhouse, and Unit 5 is in the detached carriage house. Unit 4, described as the home’s former horse stable, has been thoughtfully renovated and retains an equestrian character. The remaining residences provide flexibility for customization or continued rental income, including an opportunity to increase income through updating Units 1, 2 and 3.
The property is set on nearly 6 scenic acres in Bucks County and is described as conveniently located minutes to Doylestown, New Hope, and major commuting routes. The expansive grounds support an estate-like setting for outdoor living while maintaining multiple on-site residences in one property.
The property is set on nearly 6 scenic acres in Bucks County and is described as conveniently located minutes to Doylestown, New Hope, and major commuting routes. The expansive grounds support an estate-like setting for outdoor living while maintaining multiple on-site residences in one property.
Key Highlights
- Historic Bucks County farmhouse on nearly 6 acres with five independent residences: four in the main farmhouse plus a detached carriage house
- Four residences plus detached carriage house offer flexibility for multi‑generational living, private family estate, or combined live‑in and rental use
- Unit 5 is a detached, fully updated 3‑bedroom carriage house, suitable for guests, extended family, or rental use
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 | $148.4k | $23.28 |
| − Vacancy | −$4.9k | −$0.77 |
| EGI | $143.5k | $22.51 |
| − OpEx | −$64.6k | −$10.13 |
| NOI | $78.9k | $12.38 |
6,376 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$986.8K – $1.32M
NOI $78,944 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,320 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Historic farmhouse with four units plus detached carriage house, totaling five independent residences on nearly six acres.
Where is this apartment building located?
The property is located at 2319 Forest Grove Road Furlong, PA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Historic Bucks County farmhouse on nearly 6 acres with five independent residences: four in the main farmhouse plus a detached carriage house; Four residences plus detached carriage house offer flexibility for multi‑generational living, private family estate, or combined live‑in and rental use; Unit 5 is a detached, fully updated 3‑bedroom carriage house, suitable for guests, extended family, or rental use
