Green Lane Duplex with
3017 Main Street Green Lane, PA 18054
3017 Main Street, Green Lane, PA, 18054
$350,000
For Sale
$350,000
Renovated duplex in Green Lane with separate utilities for tenants.
Property Size1,932 SF
Price / SF$181.16
Days on Market81
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 agency
Palmer Mack Real Estate Services
(267) 994-6039
Listed by
Marybeth Mack · License #RM423618
(267) 994-6039
Source
Compass
Added: May 3 Updated: Jul 10 at 1:38PM Checked: Jul 21 at 6:58AM
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
NOI $28,072 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$372.9K
$326.3K – $435.0K
NOI $26,102 @ 7.0% cap · market cap 7.46%
Theoretical Best
Specialty Retail
$1.11M
$972.4K – $1.30M
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
Similar For Sale Nearby
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.
