Historic Farmhouse Multi-Family
2319 FOREST GROVE Road, Furlong, PA 18925
MULTI_FAMILY - National, Loft - FURLONG, PA
Property size:
6,376 SFLot size:
5.72 AcresPrice / SF:
$234/SF- Added:
- May 1, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 19 at 1:06 pm
Property Features for 2319 FOREST GROVE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Family Room, Basement, Dining Room
- Parking
- 14
- Parking features
- Garage - Attached, Parking Lot
- Interior features
- Bathroom - Soaking Tub, Bathroom - Stall Shower, Bathroom - Tub Shower, Breakfast Area, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Exposed Beams, Family Room Off Kitchen, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Island, Kitchen - Table Space, Skylight(s), Walk-in Closet(s), Wood Floors
- Fireplace
- 1
- Appliances
- Dishwasher, Dryer, Washer - Front Loading
- Standard status
- Active Under Contract
- Size
- 6,376 SF
- Lot size
- 5.72 Acres
Taxes and HOA fees
- Tax Annual Amount
- 18046
Utilities
- Heating system
- Forced Air, Hot Water(Heating)
- Cooling system
- Central Air, Window Unit(s), Ceiling Fan(s), Wall Unit(s)
Building Details
- Year built
- 1850
- Number of units
- 4
- Building materials
- Masonry
- Architectural style
- National, Loft
Listing agent Mandee Hammerstein (908) 246-0882
Listing office Innovate Real Estate 2 W Butler Avenue, Doylestown, PA (267) 367-6626
Listing date May 1, 2026
MLS# PABU2120038
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
- Converted farmhouse estate with five independent residences: four in the main farmhouse plus a detached carriage house (Unit 5).
- Nearly 6 scenic acres, offering an estate‑like setting with outdoor living space.
- Current rents (below market) listed for the 5 units: $1950, $1950, $1750, $1975, and $2870.
- Unit 4, the former horse stable, has been renovated and retains authentic equestrian character.
- Unit 5 is a detached, fully updated 3‑bedroom home for guests, extended family, or premium rental use.
- Interior features include open/traditional floor plans with an eat‑in kitchen, kitchen island, walk‑in closets, soaking tub, and skylights.
Overview
Set on 5.72 scenic acres, this converted farmhouse estate comprises five independent residences in two structures: four homes within the main farmhouse and a detached carriage house. The property totals 6,376 square feet and is configured to support a multi-generational compound, a private family estate, or a combined owner-occupant and rental strategy. Unit 4, formerly the home’s horse stable, has been renovated while preserving its equestrian character, and the detached carriage house (Unit 5) provides a fully updated three-bedroom home suited for guests, extended family, or rental use. The remaining units offer room for personalization or continued rental income as the next owner determines.
Located in Furlong, Bucks County, the setting offers an estate-like environment while remaining convenient to Doylestown, New Hope, and major commuting routes.
For tenants, this mix of unit sizes supports a range of household needs, from one-bedroom layouts to larger multi-bedroom homes. For buyers and operators, the current income profile includes $1,950 for 3 beds/1.5 baths, $1,950 for 3 beds/2 baths, $1,750 for 2 beds/1.5 baths, $1,975 for 1 bed/1.5 baths, and $2,870 for 3 beds/2.5 baths. Units 1, 2, and 3 also present an opportunity to tailor finishes and positioning to match a desired long-term plan.
Located in Furlong, Bucks County, the setting offers an estate-like environment while remaining convenient to Doylestown, New Hope, and major commuting routes.
For tenants, this mix of unit sizes supports a range of household needs, from one-bedroom layouts to larger multi-bedroom homes. For buyers and operators, the current income profile includes $1,950 for 3 beds/1.5 baths, $1,950 for 3 beds/2 baths, $1,750 for 2 beds/1.5 baths, $1,975 for 1 bed/1.5 baths, and $2,870 for 3 beds/2.5 baths. Units 1, 2, and 3 also present an opportunity to tailor finishes and positioning to match a desired long-term plan.
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 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,320 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Furlong
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.077347
- Latitude
- 40.297543
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five independent residences on a 5.72-acre estate offer flexible living and income options in Bucks County.
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 $1,495,000.
What are key features of this property?
This property features: Converted farmhouse estate with five independent residences: four in the main farmhouse plus a detached carriage house (Unit 5).; Nearly 6 scenic acres, offering an estate‑like setting with outdoor living space.; Current rents (below market) listed for the 5 units: $1950, $1950, $1750, $1975, and $2870.
