Two-Unit Residential Income
242 SHIRLEY DR Harleysville, PA 19438
New
For Sale
$450,000
MULTI_FAMILY - HARLEYSVILLE, PA
Property Size2,194 SF
Price / SF$205.10
Days on Market4
Property Features for 242 SHIRLEY DR
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
Building Details
- Year built
- 1984
Listing Agency:
Collegeville
(610) 489-2100
Listed By:
Linda G Allebach
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 27 at 7:06AM
MLS# PAMC2187628
Copyright © 2026 Long & Foster Real Estate. 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 duplex, built in 1984, offers two separate one-level residential units within a Colonial-style layout, totaling 2,194 square feet as reported. Both units feature open layouts, with hardwood flooring downstairs and luxury vinyl plank upstairs. Renovations completed in 2025 include updated kitchens and bathrooms, new flooring, and fresh paint, with additional renovation opportunities identified by the seller.
Each unit includes a private basement with its own laundry area, HVAC, and generous storage. Outside, the property sits on a spacious level corner lot with a large yard that backs to trees. Additional exterior features include exterior lighting, a paved driveway, and on-street parking.
The home is located in Harleysville, Pennsylvania, in Montgomery County, and is described as convenient to shopping, dining, parks, and major routes.
Each unit includes a private basement with its own laundry area, HVAC, and generous storage. Outside, the property sits on a spacious level corner lot with a large yard that backs to trees. Additional exterior features include exterior lighting, a paved driveway, and on-street parking.
The home is located in Harleysville, Pennsylvania, in Montgomery County, and is described as convenient to shopping, dining, parks, and major routes.
Key Highlights
- Built in 1984 colonial offering 2,194 SF and two separate, one‑level units
- Renovations completed in 2025: updated kitchens and bathrooms, flooring and fresh paint
- Each unit includes a private basement with its 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A two-unit duplex with separate one-level layouts, each featuring a private basement with laundry, HVAC, and storage.
Where is this duplex located?
The property is located at 242 SHIRLEY DR 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: Built in 1984 colonial offering 2,194 SF and two separate, one‑level units; Renovations completed in 2025: updated kitchens and bathrooms, flooring and fresh paint; Each unit includes a private basement with its own laundry, HVAC, and generous storage
