Quadplex with Private
235 3RD Street S, North Wales, PA 19454
For Sale
New
$845,000
Multi-Family, NORTH WALES, PA
Property Size3,552 SF
Lot Size0.19 Acres
Price / SF$237.89
Days on Market4
Property Features for 235 3RD Street S
General Information
Property type
Property subtype
Rooms
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
private entrances
basement storage
washer and dryer
paved parking
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
RE/MAX Reliance · RE/MAX International
(215) 723-4150
Listed By:
Scott Newell · License PA RS316177
(267) 421-9266
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 12 at 6:06PM
MLS# PAMC2200012
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.
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Investment Insights
Based on property information with market context.
This 3,552-square-foot brick quadplex, built in 1969, contains four two-bedroom units, each with its own entrance. Basement space provides tenant storage and includes a shared full-size washer and dryer. The property occupies 0.19 acres and has a low-maintenance exterior.
Tenant parking is available in a paved lot behind the building. The property is within walking distance of a SEPTA train station and about half a mile from North Wales Main Street, where shops and restaurants are located.
Tenant parking is available in a paved lot behind the building. The property is within walking distance of a SEPTA train station and about half a mile from North Wales Main Street, where shops and restaurants are located.
Key Highlights
- Four two‑bedroom units, each with a private entrance
- 3,552‑square‑foot brick building constructed in 1969
- 0.19‑acre property with paved tenant parking behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,610
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,200
$1.0M
Cap Rate 7%
$737,286
$737.3K
Cap Rate 9%
$573,444
$573.4K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$78.9K $22.20/SF
− Vacancy
−$5.1K −$1.44/SF
EGI
$73.7K $20.76/SF
− OpEx
−$22.1K −$6.23/SF
NOI
$51.6K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,200
Cap Rate 7%
$737,286
Cap Rate 9%
$573,444
Alternative Uses
Best Use
Multifamily LT 5
$737.3K
$645.1K – $860.2K
NOI $51,610 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$685.6K
$599.9K – $799.8K
NOI $47,989 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $143,020 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
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Business Placement
Demographics for 19454, PA
28,833
Population
11,212
Households
2.6
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
2,344
Density / Sq Mi
$114,323
Median Household Income
$61,287
Median Earnings
$1,762
Median Rent
$438,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include basement storage, and tenants pay all utilities except trash.
Where is this quadplex located?
The property is located at 235 3RD Street S North Wales, PA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Four two‑bedroom units, each with a private entrance; 3,552‑square‑foot brick building constructed in 1969; 0.19‑acre property with paved tenant parking behind the building
