Renovated Three-Unit
For Sale
$595,000
Pending
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
Days on Market26
Property Features for 281 N MAIN STREET
General Information
Standard status
Pending
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
(484) 293-1582
Source:
Cummingsrealtors
Added: Sep 21
Changed: Oct 16
Last Checked: Oct 16 at 8:52AM
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
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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 / Yr
$45,798
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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
