Renovated End-Unit
New
For Sale
$425,000
246-247 WASHINGTON Place, Telford, PA 18969
Multi-Family, TELFORD, PA
Property Size1,776 SF
Price / SF$239.30
Days on Market1
Property Features for 246-247 WASHINGTON Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Parking Lot, Assigned
Interior features
Bathroom - Tub Shower
Appliances
Oven/Range - Electric, Dishwasher, Built-In Microwave, Refrigerator, Washer, Dryer
Subdivision
GREEN MEADOWS
Elementary school district
PENNRIDGE
Middle school district
PENNRIDGE
High school district
PENNRIDGE
Standard status
Active
Size
1,776 SF
Taxes and HOA fees
Tax Annual Amount
2888
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1979
Number of units
2
Building materials
Brick Front
Listing Agency:
Market Force Realty
(866) 993-8585
Listed By:
Michael Stone · License #RS291924
(215) 264-0249
Added: Oct 17
Last Checked: Oct 17 at 11:06AM
MLS# PABU2133194
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 1,776-square-foot duplex contains two 2-bedroom residences, both renovated and leased through next spring. Updated kitchens and bathrooms, living and dining areas, separate breakfast spaces, and in-unit washers and dryers serve each unit. Vinyl flooring, ceiling fans, forced-air heating, and central air conditioning are also included. The second-floor residence has a private balcony, and the exterior features a brick front.
Built in 1979, the property has assigned parking for each residence plus access to an additional private parking lot. The homeowners association handles lawn and snow maintenance, common areas, sidewalks, parking, and trash. Community amenities include a children's playground, with shops and restaurants nearby.
Built in 1979, the property has assigned parking for each residence plus access to an additional private parking lot. The homeowners association handles lawn and snow maintenance, common areas, sidewalks, parking, and trash. Community amenities include a children's playground, with shops and restaurants nearby.
Key Highlights
- Two 2‑bedroom residences, each leased through next spring
- 1,776 square feet; both residences have been renovated
- Updated kitchens and bathrooms, with in‑unit washer and dryer in each residence
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.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two rented residences offer updated kitchens and baths, in-unit laundry, and central 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: Two 2‑bedroom residences, each leased through next spring; 1,776 square feet; both residences have been renovated; Updated kitchens and bathrooms, with in‑unit washer and dryer in each residence
