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Green Lane Duplex with Renovations

3017 Main Street Green Lane, PA 18054

3017 Main Street, Green Lane, PA, 18054
$350,000
For Sale
Claim this Listing
$350,000

Renovated duplex in Green Lane with separate utilities for tenants.

Property Size1,932 SF
Price / SF$181.16
AddedMay 3
Days on Market75
Last RefreshJul 16 at 3:51 am

Property Features for 3017 Main Street

General Information

Standard status
Active
Size
1,932 SF
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1940

Listing office Palmer Mack Real Estate Services

Listing date May 3, 2026

Source Compass

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 Palmer Mack Real Estate Services


Investment Insights

Based on property information with market context.

This property features a duplex configuration. The first-floor apartment includes two bedrooms, a den that can serve as a third bedroom, one bathroom, a large living room with a gas log fireplace, a dining room, a kitchen, and a deck accessible from the den. The second-floor apartment offers one bedroom, one bathroom, a kitchen, a dining area, and a living room with a gas stove for aesthetic purposes. A basement provides storage space, and each apartment has its own separate laundry room. Multiple renovations have been completed since 2023, including replacement of all sunroom windows and trim, installation of A/C units, a new dishwasher on the first floor, a new stove on the first floor, a new water heater on the second floor, a new gas dryer on the second floor, reinsulation of bedroom walls, and sanitization of the water filtration system. A new roof was installed in 2021. Tenants are responsible for all utilities, including sewer. Utilities are separated, with separate heating, electric, and well water pump for each unit. The property is located in Marlborough Township, Montgomery County, within the Upper Perkiomen School District.

Key Highlights

  • Separate utilities for each apartment paid by tenants.
  • Two apartments: 2‑bedroom + den (potential 3rd bedroom) unit and a 1‑bedroom unit.
  • Recent renovations since 2023 including new A/C units, appliances, water heater, and insulation.

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 $42.9k $22.20
− Vacancy −$2.8k −$1.44
EGI $40.1k $20.76
− OpEx −$12.0k −$6.23
NOI $28.1k $14.53
1,932 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$401.0K
$350.9K – $467.9K (±1% cap)
NOI $28,072 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$372.9K
$326.3K – $435.0K (±1% cap)
NOI $26,102 @ 7.0% cap · market cap 7.46%
Theoretical Best
Specialty Retail
$1.11M
$972.4K – $1.30M (±1% cap)
NOI $77,791 @ 7.0% cap · market cap 22.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Storage Facility Garden Center Restaurant Furniture & Home Goods Grocery & Convenience Store HVAC Service Hair Salon (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Renovated duplex in Green Lane with separate utilities for tenants.
Where is this duplex located?
The property is located at 3017 Main Street Green Lane, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Separate utilities for each apartment paid by tenants.; Two apartments: **2‑bedroom + den (potential 3rd bedroom) unit and a 1‑bedroom unit.**; Recent renovations since 2023 including new A/C units, appliances, water heater, and insulation.
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