Renovated End-Unit
New
For Sale
$425,000
246-247 WASHINGTON PLACE, Telford, PA 18969
Both two-bedroom residences are leased through next spring and include in-unit laundry and central heating and air conditioning.
Property Size1,776 SF
Price / SF$239.30
Days on Market7
Property Features for 246-247 WASHINGTON PLACE
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
playground
private balcony
central air
ceiling fans
washer/dryer
Building Details
Year Built
1979
Listing Agency:
Market Force Realty
(866) 993-8585
Listed By:
Michael Stone · License #1756330
(215) 264-0249
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 12 at 7:22PM
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 Market Force Realty
Investment Insights
Based on property information with market context.
This 1,776-square-foot duplex, built in 1979, contains two renovated residences with two bedrooms apiece. Each unit has an updated kitchen and bathroom, a combined living and dining area, a separate breakfast space, vinyl flooring, ceiling fans, central air and heat, and its own washer and dryer. The second-floor residence also has a private balcony.
Both units are leased through next spring. Each has assigned parking, with access to an additional private parking lot. The community includes a playground, and the property is in the Pennridge School District. HOA services cover lawn and snow care, common areas, sidewalks, parking, and trash.
Both units are leased through next spring. Each has assigned parking, with access to an additional private parking lot. The community includes a playground, and the property is in the Pennridge School District. HOA services cover lawn and snow care, common areas, sidewalks, parking, and trash.
Key Highlights
- 1,776‑square‑foot duplex built in 1979
- Two renovated, two‑bedroom units, both leased through next spring
- Each residence has an updated kitchen and bathroom, central air and heat, and its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,805
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,100
$516.1K
Cap Rate 7%
$368,643
$368.6K
Cap Rate 9%
$286,722
$286.7K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$39.4K $22.20/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$36.9K $20.76/SF
− OpEx
−$11.1K −$6.23/SF
NOI
$25.8K $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%
$516,100
Cap Rate 7%
$368,643
Cap Rate 9%
$286,722
Alternative Uses
Best Use
Multifamily LT 5
$368.6K
$322.6K – $430.1K
NOI $25,805 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$342.8K
$299.9K – $399.9K
NOI $23,994 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$1.02M
$893.9K – $1.19M
NOI $71,510 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 18969, PA
15,808
Population
6,324
Households
2.5
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
964
Density / Sq Mi
$103,818
Median Household Income
$53,793
Median Earnings
$1,358
Median Rent
$365,700
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 - Both two-bedroom residences are leased through next spring and include in-unit laundry and central heating and air conditioning.
Where is this duplex located?
The property is located at 246-247 WASHINGTON PLACE Telford, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,776‑square‑foot duplex built in 1979; Two renovated, two‑bedroom units, both leased through next spring; Each residence has an updated kitchen and bathroom, central air and heat, and its own washer and dryer
