Renovated Three-Unit
New
For Sale
$595,000
281 N MAIN STREET, Telford, PA 18969
Tenant-occupied multifamily property with updated apartments, basement amenities, garage space, and outdoor areas.
Property Size3,152 SF
Price / SF$188.77
Days on Market4
Property Features for 281 N MAIN STREET
General Information
Standard status
Active
Size
3,152 SF
Property subtype
Triplex
Building Details
Year Built
1929
Listing Agency:
LeCompte Realty
(484) 293-1583
Listed By:
Krista Lynn Kasper · License #RS356070
(610) 419-8888
Source:
Cummingsrealtors
Added: Sep 19
Changed: Sep 22
Last Checked: Sep 22 at 5:20PM
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 LeCompte Realty
Investment Insights
Based on property information with market context.
This 3,152-square-foot triplex contains three renovated apartments, each configured with two bedrooms and one bathroom. The tenant-occupied property includes a partially finished basement with a full bathroom and separate storage areas assigned to each unit. Laundry hookups are available in the basement for all three apartments, while Unit 1 also includes hookups within the apartment. Constructed in 1929, the building combines updated interiors with practical shared-space features.
A 3-car garage provides additional utility, with one garage section occupied by a tenant. The property also includes a maintained yard and a stone patio, adding usable outdoor space for residents. The three-unit layout, supplemental garage occupancy, basement facilities, and designated storage provide a range of income and amenity components within one multifamily asset.
A 3-car garage provides additional utility, with one garage section occupied by a tenant. The property also includes a maintained yard and a stone patio, adding usable outdoor space for residents. The three-unit layout, supplemental garage occupancy, basement facilities, and designated storage provide a range of income and amenity components within one multifamily asset.
Key Highlights
- Three renovated 2‑bedroom, 1‑bath units
- 3,152‑square‑foot triplex built in 1929
- Partially finished basement with full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,798
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$915,960
$916.0K
Cap Rate 7%
$654,257
$654.3K
Cap Rate 9%
$508,867
$508.9K
Market Conditions
NOI Build-Up for 3,152 SF
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.
Gross rent
$70.0K $22.20/SF
− Vacancy
−$4.5K −$1.44/SF
EGI
$65.4K $20.76/SF
− OpEx
−$19.6K −$6.23/SF
NOI
$45.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$915,960
Cap Rate 7%
$654,257
Cap Rate 9%
$508,867
Alternative Uses
Best Use
Multifamily LT 5
$654.3K
$572.5K – $763.3K
NOI $45,798 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$608.4K
$532.3K – $709.8K
NOI $42,585 @ 7.0% cap · market cap 7.16%
Theoretical Best
Specialty Retail
$1.81M
$1.59M – $2.12M
NOI $126,914 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
366
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied multifamily property with updated apartments, basement amenities, garage space, and outdoor areas.
Where is this triplex located?
The property is located at 281 N MAIN STREET Telford, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Three renovated 2‑bedroom, 1‑bath units; 3,152‑square‑foot triplex built in 1929; Partially finished basement with full bathroom
