Historic Farmhouse Multi-Family
2319 FOREST GROVE Road Furlong, PA 18925
For Sale
Under Contract
$1,495,000
MULTI_FAMILY - National, Loft - FURLONG, PA
Property Size6,376 SF
Lot Size5.72 Acres
Price / SF$234.47
Days on Market84
Property Features for 2319 FOREST GROVE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Family Room, Basement
- 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
- Hot Water(Heating), Forced Air
- Cooling system
- Central Air, Wall Unit(s), Window Unit(s), Ceiling Fan(s)
Building Details
- Year built
- 1850
- Number of units
- 4
- Building materials
- Masonry
- Architectural style
- Loft, National
Listing Agency:
Innovate Real Estate
(267) 367-6626
Listed By:
Mandee Hammerstein
(908) 246-0882
Added: May 1
Changed: Jul 22
Last Checked: Jul 23 at 8:06PM
MLS# PABU2120038
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Converted farmhouse estate with five independent residences: four in the main farmhouse plus a detached carriage house
- Nearly 6 scenic acres with room for outdoor living
- Unit 5 is a fully updated detached 3‑bedroom carriage house for guests, extended family, or rental use
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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; Nearly 6 scenic acres with room for outdoor living; Unit 5 is a fully updated detached 3‑bedroom carriage house for guests, extended family, or rental use
