Two-Unit Residential Income
For Sale
$450,000
242 SHIRLEY DRIVE, Harleysville, PA 19438
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 Market8
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 29 at 5:57AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 19438, PA
25,134
Population
9,572
Households
2.6
Avg Household Size
44
Median Age
52%
College-Educated
97%
High-School Grad
22.2 sq mi
ZIP Area
1,132
Density / Sq Mi
$138,955
Median Household Income
$67,748
Median Earnings
$1,697
Median Rent
$455,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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.
