Duplex with Private
New
For Sale
Under Contract
$425,000
246-247 WASHINGTON Place, Telford, PA 18969
Multi-Family, TELFORD, PA
Property Size1,776 SF
Price / SF$239.30
Days on Market7
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 Under Contract
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
Changed: Oct 22
Last Checked: Oct 23 at 3:06PM
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, built in 1979, contains two renovated residences with two bedrooms apiece. Updated kitchens and bathrooms complement living and dining areas, separate breakfast spaces, vinyl flooring, ceiling fans, forced-air heating, and central air. Each residence has its own washer and dryer; the upstairs unit also has a private balcony. The exterior includes a brick front.
The property sits at the end of a cul-de-sac in Telford Green Meadows, within the Pennridge School District. Assigned spaces serve each unit, with access to an additional private parking lot. Community amenities include a playground, and shops and restaurants are nearby. The HOA handles lawn and snow care, shared areas, sidewalks, parking, and trash. Both units are rented through next spring.
The property sits at the end of a cul-de-sac in Telford Green Meadows, within the Pennridge School District. Assigned spaces serve each unit, with access to an additional private parking lot. Community amenities include a playground, and shops and restaurants are nearby. The HOA handles lawn and snow care, shared areas, sidewalks, parking, and trash. Both units are rented through next spring.
Key Highlights
- 1,776‑square‑foot duplex with two 2‑bedroom residences
- Both units have been renovated and are rented through next spring
- Private balcony on the second‑floor 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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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both renovated residences are leased through next spring and include individual laundry appliances.
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 with two 2‑bedroom residences; Both units have been renovated and are rented through next spring; Private balcony on the second‑floor residence
