Residential Income Compound with
For Sale
Under Contract
$995,000
2349 VALLEY Road, Jamison, PA 18929
MULTI_FAMILY - JAMISON, PA
Property Size2,992 SF
Lot Size5.96 Acres
Price / SF$332.55
Days on Market49
Property Features for 2349 VALLEY Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Family Room, Dining Room
Parking
2
Parking features
Garage - Attached, Driveway
Pool private
1
Interior features
Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Carpet, Cedar Closet(s), Combination Dining/Living, Entry Level Bedroom, Exposed Beams, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Country, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Stove - Wood, Wood Floors
Fireplace
1
Appliances
Built-In Range, Cooktop, Dishwasher, Dryer, Oven - Double, Oven/Range - Electric, Refrigerator, Washer
Subdivision
FAIRFIELD
Elementary school district
CENTRAL BUCKS
Middle school district
CENTRAL BUCKS
High school district
CENTRAL BUCKS
Standard status
Active Under Contract
Size
2,992 SF
Lot size
5.96 Acres
Taxes and HOA fees
Tax Annual Amount
12757
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
pool
glass enclosed terrace
fireplaces
hardwood floors
cedar closet
covered deck
finished basement
gardens
terraces and patios
Building Details
Year built
1951
Number of units
2
Building materials
Masonry
Listing Agency:
Kurfiss Sotheby's International Realty
(215) 794-3227
Listed By:
Kevin Steiger · License #RS273446
(215) 519-1746
Added: Jun 24
Changed: Aug 3
Last Checked: Aug 11 at 7:06PM
MLS# PABU2124340
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.
This residential income property is a family compound setting on nearly 6 acres across 2 tax parcels, offered for the first time on the market. The main house includes a country kitchen open to a family room with doors to a glass-enclosed terrace, plus a living room with bay window, hardwood floors, and a fireplace. The home also features a formal dining area and a hunt room with beamed ceiling and a stone fireplace. The first floor has two bedrooms with en-suite baths, a laundry room, and a half bath, while the entire second floor serves as the primary suite with a dressing room, cedar closet, full bath, fireplace with a wood-stove insert, and a covered deck overlooking the grounds. A finished basement and a 2-car attached garage are also included.
Down the drive is a separate 2-bedroom cottage with a fireplace and garage, along with an additional detached garage and a large barn once used for horses. The grounds include sprawling lawns with mature trees, gardens, various terraces and patios, and an inground pool.
Down the drive is a separate 2-bedroom cottage with a fireplace and garage, along with an additional detached garage and a large barn once used for horses. The grounds include sprawling lawns with mature trees, gardens, various terraces and patios, and an inground pool.
Key Highlights
- Almost 6 acres in 2 tax parcels on a quiet country road in Warwick Township
- Includes main house plus a 2‑bedroom cottage with garage and a separate detached garage, along with a large barn
- Inground pool and multiple outdoor spaces including a glass‑enclosed terrace, plus gardens, terraces, and patios
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
$37,045
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
3.72%
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%
$740,900
$740.9K
Cap Rate 7%
$529,214
$529.2K
Cap Rate 9%
$411,611
$411.6K
Market Conditions
NOI Build-Up for 2,992 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
$69.7K $23.28/SF
− Vacancy
−$2.3K −$0.77/SF
EGI
$67.4K $22.51/SF
− OpEx
−$30.3K −$10.13/SF
NOI
$37.0K $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%
$740,900
Cap Rate 7%
$529,214
Cap Rate 9%
$411,611
Alternative Uses
Best Use
Apartment 5plus
$529.2K
$463.1K – $617.4K
NOI $37,045 @ 7.0% cap · market cap 3.72%
Second Best
Multifamily LT 5
$507.1K
$443.8K – $591.7K
NOI $35,500 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$907.1K
$793.8K – $1.06M
NOI $63,500 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 18929, PA
8,819
Population
3,307
Households
2.7
Avg Household Size
44
Median Age
61%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
1,208
Density / Sq Mi
$174,606
Median Household Income
$83,857
Median Earnings
$1,713
Median Rent
$605,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multiple buildings on nearly 6 acres include a main residence, 2-bedroom cottage, garages, and an inground pool.
Where is this duplex located?
The property is located at 2349 VALLEY Road Jamison, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Almost 6 acres in 2 tax parcels on a quiet country road in Warwick Township; Includes main house plus a 2‑bedroom cottage with garage and a separate detached garage, along with a large barn; Inground pool and multiple outdoor spaces including a glass‑enclosed terrace, plus gardens, terraces, and patios
