5-Unit Apartment
New
For Sale
$1,285,000
250 S State St, Newtown, PA 18940
All five apartments have one bedroom, with laundry and dedicated storage in the lower level.
Property Size3,991 SF
Price / SF$321.97
Days on Market2
Property Features for 250 S State St
General Information
Standard status
Active
Size
3,991 SF
Property subtype
MultiFamily Apartments
Zoning
VC
Occupancy
100%
Units
Unit Mix
5 x 1BR
Multifamily Units
5
Additional Details
Highway Access
Yes
Amenities
dedicated storage
laundry facilities
Building Details
Building Size
3,991 SF
Year Built
1935
Year Renovated
2017
Listing Agency:
Suburban City Group
Listed By:
Glenn Gaines · License #RS330696
(215) 995-0191
Source:
Thebrokerlist
Added: Oct 19
Last Checked: Oct 19 at 2:29PM
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 Suburban City Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,991 SF apartment building contains five one-bedroom units. Work completed in 2017 included upgrades to the lower level, where dedicated storage and laundry facilities accompany upgraded furnaces, electrical panels, and hot water systems. Four apartments received new kitchens, bathrooms, lighting, HVAC, and hot water systems, along with refinished hardwood floors and updated paint. Common areas were refreshed with new lighting, carpeting, tiling, and paint. A detached barn is also on the property and is included in AS-IS condition.
The property is at 250 S State St in Newtown Borough, within walking distance of restaurants and retail stores. Access to I-95, Route 1, and the PA Turnpike is noted. The zoning designation is VC. The building was constructed in 1935 and is reported at 100% occupancy.
The property is at 250 S State St in Newtown Borough, within walking distance of restaurants and retail stores. Access to I-95, Route 1, and the PA Turnpike is noted. The zoning designation is VC. The building was constructed in 1935 and is reported at 100% occupancy.
Key Highlights
- Five one‑bedroom apartments in a 3,991 SF building
- 2017 improvements included upgraded furnaces, electrical panels, and hot water systems
- Four units received new kitchens, bathrooms, lighting, HVAC, and hot water systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,414
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,280
$988.3K
Cap Rate 7%
$705,914
$705.9K
Cap Rate 9%
$549,044
$549.0K
Market Conditions
NOI Build-Up for 3,991 SF
Gross rent
$92.9K $23.28/SF
− Vacancy
−$3.1K −$0.77/SF
EGI
$89.8K $22.51/SF
− OpEx
−$40.4K −$10.13/SF
NOI
$49.4K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,280
Cap Rate 7%
$705,914
Cap Rate 9%
$549,044
Alternative Uses
Best Use
Apartment 5plus
$705.9K
$617.7K – $823.6K
NOI $49,414 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,702 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Explore this area
Business Placement
Demographics for 18940, PA
30,280
Population
11,763
Households
2.6
Avg Household Size
47
Median Age
67%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
875
Density / Sq Mi
$157,591
Median Household Income
$85,895
Median Earnings
$2,227
Median Rent
$623,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All five apartments have one bedroom, with laundry and dedicated storage in the lower level.
Where is this apartment building located?
The property is located at 250 S State St Newtown, PA.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Five one‑bedroom apartments in a 3,991 SF building; 2017 improvements included upgraded furnaces, electrical panels, and hot water systems; Four units received new kitchens, bathrooms, lighting, HVAC, and hot water systems
