2-Unit Duplex with Separate
New
For Sale
$425,000
269 SHIRLEY DRIVE, Harleysville, PA 19438
Two independent residences have dedicated laundry, HVAC, storage, and separate utilities.
Property Size2,105 SF
Price / SF$201.90
Days on Market3
Property Features for 269 SHIRLEY DRIVE
General Information
Standard status
Active
Size
2,105 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
shared rear yard
patio
laundry
Building Details
Year Built
1984
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Reliance
(215) 723-4150
Listed By:
Jacquelyn F Rhoads · License #RS289523
(215) 896-0345
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:01AM
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 RE/MAX Reliance
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Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains two one-level residences, each with two bedrooms, one full bathroom, an eat-in kitchen, and a living room. Private entrances and separate utilities support independent occupancy. Each unit also has its own basement area with laundry, HVAC, and storage. The windows in both residences were replaced approximately five years ago. Both units are currently occupied on month-to-month terms.
The property sits on a level lot with a shared rear yard that backs to trees, a patio, exterior lighting, and a shared paved driveway. Additional parking is available on the street. Shopping, dining, parks, and major roadways are nearby, and the property is in the Souderton School District.
The property sits on a level lot with a shared rear yard that backs to trees, a patio, exterior lighting, and a shared paved driveway. Additional parking is available on the street. Shopping, dining, parks, and major roadways are nearby, and the property is in the Souderton School District.
Key Highlights
- Two separate residences, each with 2 bedrooms and 1 full bathroom
- Private entrance and separate utilities for each unit
- Dedicated basement area with laundry, HVAC, and storage in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,585
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,700
$611.7K
Cap Rate 7%
$436,929
$436.9K
Cap Rate 9%
$339,833
$339.8K
Market Conditions
NOI Build-Up for 2,105 SF
Gross rent
$46.7K $22.20/SF
− Vacancy
−$3.0K −$1.44/SF
EGI
$43.7K $20.76/SF
− OpEx
−$13.1K −$6.23/SF
NOI
$30.6K $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%
$611,700
Cap Rate 7%
$436,929
Cap Rate 9%
$339,833
Alternative Uses
Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.8K
NOI $30,585 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$406.3K
$355.5K – $474.0K
NOI $28,439 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,757 @ 7.0% cap · market cap 19.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 19438, PA
25,134
Population
9,572
Households
2.6
Avg Household Size
44
Median Age
52%
College-Educated
97%
High-School Grad
22.2 sq mi
ZIP Area
1,132
Density / Sq Mi
$138,955
Median Household Income
$67,748
Median Earnings
$1,697
Median Rent
$455,100
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 independent residences have dedicated laundry, HVAC, storage, and separate utilities.
Where is this duplex located?
The property is located at 269 SHIRLEY DRIVE Harleysville, 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 separate residences, each with 2 bedrooms and 1 full bathroom; Private entrance and separate utilities for each unit; Dedicated basement area with laundry, HVAC, and storage in each unit
