Masonry Duplex with Detached
For Sale
$470,000
327 N 5TH Street, Perkasie, PA 18944
Multi-Family, PERKASIE, PA
Property Size2,540 SF
Lot Size0.43 Acres
Price / SF$185.04
Days on Market107
Property Features for 327 N 5TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking
8
Parking features
Driveway, Garage - Detached
Interior features
Attic, Carpet, Dining Area, Floor Plan - Traditional, Kitchen - Country, Kitchen - Eat-In, Kitchen - Galley
Appliances
Oven/Range - Electric
Subdivision
NONE AVAILABLE
Elementary school district
PENNRIDGE
Middle school district
PENNRIDGE
High school district
PENNRIDGE
Standard status
Active
Size
2,540 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Annual Amount
6089
Utilities
Heating system
Baseboard, Hot Water(Heating), Other (Heating)
Building Details
Year built
1880
Number of units
2
Building materials
Masonry
Architectural style
National
Listing Agency:
Narrow Gate Real Estate LLC
Listed By:
Dennis R Lawrence · License #RM422466
(267) 867-1012
Added: May 19
Changed: Sep 2
Last Checked: Sep 2 at 7:06PM
MLS# PABU2121576
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1880, this 2,540-square-foot masonry duplex contains one two-bedroom unit and one three-bedroom unit. The property includes traditional floor plans, dining areas, country, eat-in, and galley kitchen layouts, plus separated basement areas and a walk-up attic. Unit 1 received paint and flooring updates in 2021, while Unit 2 received new flooring that year. Electrical service and the meter base were updated in 2020.
The corner property at 327 N 5th Street occupies 0.4334 acres in Perkasie Borough. Separate electric, water, sewer, and trash services are in place, with tenant-paid utilities. A detached barn/garage exceeding 1,000 square feet provides four-car capacity and has separate electric service. Roof work includes a 2021 standing-seam front roof, a 2024 main roof replacement, repaired and painted barn roofing in 2024, and replacement porch roofs. The barn received new electric service in 12/2025 and new garage doors in 02/2026.
The corner property at 327 N 5th Street occupies 0.4334 acres in Perkasie Borough. Separate electric, water, sewer, and trash services are in place, with tenant-paid utilities. A detached barn/garage exceeding 1,000 square feet provides four-car capacity and has separate electric service. Roof work includes a 2021 standing-seam front roof, a 2024 main roof replacement, repaired and painted barn roofing in 2024, and replacement porch roofs. The barn received new electric service in 12/2025 and new garage doors in 02/2026.
Key Highlights
- 2,540‑square‑foot masonry duplex built in 1880
- Two units: one 2‑bedroom and one 3‑bedroom
- 0.4334‑acre corner property at 327 N 5th Street, Perkasie, PA 18944
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
$31,449
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
6.69%
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%
$628,980
$629.0K
Cap Rate 7%
$449,271
$449.3K
Cap Rate 9%
$349,433
$349.4K
Market Conditions
NOI Build-Up for 2,540 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
$59.1K $23.28/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$57.2K $22.51/SF
− OpEx
−$25.7K −$10.13/SF
NOI
$31.4K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$628,980
Cap Rate 7%
$449,271
Cap Rate 9%
$349,433
Alternative Uses
Best Use
Apartment 5plus
$449.3K
$393.1K – $524.2K
NOI $31,449 @ 7.0% cap · market cap 6.69%
Second Best
Multifamily LT 5
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$770.1K
$673.8K – $898.5K
NOI $53,907 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 18944, PA
26,396
Population
10,107
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
95%
High-School Grad
45.4 sq mi
ZIP Area
581
Density / Sq Mi
$133,131
Median Household Income
$59,564
Median Earnings
$1,383
Median Rent
$411,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit masonry residence with separate utilities, updated interiors, and a detached barn/garage offering flexible use.
Where is this duplex located?
The property is located at 327 N 5TH Street Perkasie, PA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,540‑square‑foot masonry duplex built in 1880; Two units: one 2‑bedroom and one 3‑bedroom; 0.4334‑acre corner property at 327 N 5th Street, Perkasie, PA 18944
