Two-Unit Residential Income
242 SHIRLEY DRIVE Harleysville, PA 19438
New
For Sale
$450,000
Two separate one-level units with private basements, laundry, and HVAC, plus 2025 renovations and a paved driveway.
Property Size2,194 SF
Price / SF$205.10
Days on Market7
Property Features for 242 SHIRLEY DRIVE
General Information
Standard status
Active
Size
2,194 SF
Property subtype
Duplex
Building Details
Year Built
1984
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 513-0450
Listed By:
Linda G Allebach · License #RS307433
(610) 513-0450
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 28 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This two-unit residential income property contains two private, one-level units within a Colonial-style building built in 1984. Each unit features an open layout, with hardwood flooring on the main level and luxury vinyl plank upstairs. Updates completed in 2025 include updated kitchens and bathrooms, new flooring, and fresh paint.
Both residences also have their own private basements with dedicated laundry, HVAC, and generous storage. Outside, the property sits on a spacious, level corner lot with a large yard backing to trees, exterior lighting, and a paved driveway, along with on-street parking. Convenient to shopping, dining, parks, and major routes, the layout supports flexible use as a rental-focused property or multi-unit living arrangement.
Both residences also have their own private basements with dedicated laundry, HVAC, and generous storage. Outside, the property sits on a spacious, level corner lot with a large yard backing to trees, exterior lighting, and a paved driveway, along with on-street parking. Convenient to shopping, dining, parks, and major routes, the layout supports flexible use as a rental-focused property or multi-unit living arrangement.
Key Highlights
- Colonial built in 1984 featuring two separate, one‑level units totaling 2,194 sq. ft.
- 2025 improvements include updated kitchens, bathrooms, flooring, and fresh paint.
- Both units have private basements with their own laundry, HVAC, and generous storage.
Financial Insights For Multifamily LT 5
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 | $48.7k | $22.20 |
| − Vacancy | −$3.2k | −$1.44 |
| EGI | $45.5k | $20.76 |
| − OpEx | −$13.7k | −$6.23 |
| NOI | $31.9k | $14.53 |
2,194 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$455.4K
$398.5K – $531.3K
NOI $31,879 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$423.5K
$370.5K – $494.0K
NOI $29,642 @ 7.0% cap · market cap 6.59%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,341 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate one-level units with private basements, laundry, and HVAC, plus 2025 renovations and a paved driveway.
Where is this duplex located?
The property is located at 242 SHIRLEY DRIVE Harleysville, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Colonial built in 1984 featuring two separate, one‑level units totaling 2,194 sq. ft.; 2025 improvements include updated kitchens, bathrooms, flooring, and fresh paint.; Both units have private basements with their own laundry, HVAC, and generous storage.
