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    Bucks County Farmhouse Estate Title is generated by Realmo AI

    2319 FOREST GROVE Road, Furlong, PA 18925

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    For Sale
    $1,595,000

    MULTI_FAMILY - National, Loft - FURLONG, PA

    Property size:
    6,376 SF
    Lot size:
    5.72 Acres
    Price / SF:
    $250/SF
    Added:
    May 1, 2026
    Days on Market:
    22
    Last Refresh:
    May 22 at 5:06 pm

    Property Features for 2319 FOREST GROVE Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement, Dining Room, Family 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
    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, Ceiling Fan(s), Window Unit(s), Wall Unit(s)

    Building Details

    Year built
    1850
    Number of units
    4
    Building materials
    Masonry
    Architectural style
    Loft, National

    We can help!

    Listing Contact
    Mandee Hammerstein

    Listing agent Mandee Hammerstein

    Listing office Innovate Real Estate 2 W Butler Avenue, Doylestown, PA

    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

    • Five independent residences on nearly 6 acres, ideal for a family compound, private estate, or income generation.
    • Located in a highly sought‑after Bucks County location, minutes from Doylestown and New Hope.
    • Detached, fully updated 3‑bedroom carriage house (Unit 5) suitable for guests, family, or premium rental.
    • Unit 4, a renovated former horse stable, showcases authentic equestrian character.
    • Built‑in income potential with current below‑market rents from four units.
    • Historic charm with flexible customization options for the remaining units.

    Overview

    This Bucks County property offers historic charm with five independent residences, suitable as a private family compound or income-producing asset, set on nearly 6 acres. The converted farmhouse estate includes five distinct residences: four within the main farmhouse and a detached carriage house. This setup is ideal for a multi-generational compound, private family estate, or live-in investment. Each residence is generously sized and filled with Bucks County charm. Unit 4, formerly the home's horse stable, has been renovated and showcases equestrian character. The detached carriage house (Unit 5) is a fully updated 3-bedroom home suitable for guests, extended family, or premium rental use. The remaining units offer customization or continued rental income, allowing the next owner to tailor the property. The grounds create a peaceful, estate-like setting with room for outdoor living, conveniently located minutes from Doylestown, New Hope, and major commuting routes. Envisioned as a private retreat, family compound, or hybrid lifestyle investment, this property offers the opportunity to own a piece of Bucks County history with built-in income potential and the opportunity to increase income through updating units 1, 2 & 3. The property has a total size of 6376 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Furlong
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.077347
    Latitude
    40.297543

    FAQs

    What type of property is this?
    Multifamily property - Historic charm meets income potential on nearly 6 scenic acres.
    Where is this multifamily property 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: Five independent residences on nearly 6 acres, ideal for a family compound, private estate, or income generation.; Located in a highly sought‑after Bucks County location, minutes from Doylestown and New Hope.; **Detached, fully updated 3‑bedroom carriage house (Unit 5) suitable for guests, family, or premium rental.**
    (908) 246-0882
    We can help!
    Listing Contact
    Mandee Hammerstein
    Request Owner's contact information
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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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    2319 FOREST GROVE Road, FURLONG, PA 18925
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