246 FLORENCE Drive, Harleysville, PA 19438
MULTI_FAMILY - Other - HARLEYSVILLE, PA
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 10:06 am
Property Features for 246 FLORENCE Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- Size
- 2,287 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5505
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1981
- Number of units
- 2
- Building materials
- Vinyl Siding, Aluminum Siding
- Architectural style
- Other
Listing agent Charles Alderfer License #AB-049294-L (215) 723-5836
Listing office RE/MAX Reliance 504 Harleysville Pike, Souderton, PA (215) 723-4150
Listing date Jun 8, 2026
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.
HighLights
- Harleysville duplex built in 1981 with central air and heat pump/electric heating
- First‑floor apartment is vacant and freshly painted with upgraded carpeting, new dishwasher, and glass top electric range
- Each apartment includes its own appliances: refrigerator, washer, and dryer
- Second‑floor apartment leased since 2017 on a month‑to‑month basis at $1,350 plus all utilities
- Both apartments have private entrances plus off‑street parking and private basement access with storage and laundry
- Approx. 1,100 SF per apartment with generous room sizes and ample closet space; new heat pump in 2025 for 1st floor
Overview
The second-floor apartment has a long-term tenant in place since 2017 on a month-to-month lease, with rent stated at $1,350 plus all utilities. The first-floor unit received a new heat pump in 2025. The property is located within the Souderton School District, and the immediate area is described as convenient to walking trails, parks, a community pool, restaurants, and shopping.
This is a practical fit for an owner-occupant or investor seeking a duplex with independently accessed living areas, shared yard space avoided through separate entrances, and completed first-floor updates ready for immediate use. With appliances included and a dedicated laundry/storage setup in each basement, the property supports straightforward day-to-day management while maintaining two distinct rental spaces.
Local 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 | $50.8k | $22.20 |
| − Vacancy | −$3.3k | −$1.44 |
| EGI | $47.5k | $20.76 |
| − OpEx | −$14.2k | −$6.23 |
| NOI | $33.2k | $14.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Harleysville
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3725551
- Latitude
- 40.2727778
