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Perkasie Borough Two-Unit Farmhouse

327 N 5TH Street Perkasie, PA 18944

327 N 5TH Street, Perkasie, PA, 18944

$470,000

For Sale

Under Contract

$470,000

MULTI_FAMILY - National - PERKASIE, PA

Property Size2,540 SF

Lot Size0.43 Acres

Price / SF$185.04

AddedMay 19

Days on Market58

Last RefreshJul 15 at 4:06 am

Property Features for 327 N 5TH Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Dining Room, Basement
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
Standard status: Active Under Contract
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 agent Dennis R Lawrence License #RM422466

Listing office Narrow Gate Real Estate LLC Dublin, PA

Listing date May 19, 2026

MLS# PABU2121576 Listing URL

Investment Insights

Based on property information with market context.

This c1880's Perkasie Borough masonry farmhouse is a clean and elegant two-unit property situated on the corner of 5th and Callowhill. The property is estimated to occupy slightly over 0.4334 acres in an in-town setting. The building offers over 2540 square feet of living area and can be maintained as a two-unit dwelling, owner-occupied with rental income, or converted back to a single-family home. It features one two-bedroom unit and one three-bedroom unit, along with a detached four-car barn/garage spanning over 1000 square feet, equipped with separate electric service for potential additional income or personal use. The property includes a walk-up attic and separated basement areas. Each unit has separate electric, water, sewer, and trash services, paid by the tenants. Unit #1 was updated in 2021 with fresh paint and flooring. Unit #2 was updated with new flooring in 2021, and the electric service and meter base were updated in 2020. The standing seam front metal roof was installed in 2021, and the chimney liner was replaced in February 2023. Planned improvements include a new main roof and remaining standing seam porch roofs in July 2024, along with painting and repairing the garage/barn roof in 2024. New electric service to the garage/barn is scheduled for December 2025, and new garage doors are planned for February 2026.

Key Highlights

Two‑unit farmhouse (c1880) on a corner in Perkasie Borough with over 2,500 SF of living area
Unit mix: one 2‑bedroom unit and one 3‑bedroom unit
Detached 4‑car barn/garage with separate electric service, plus walk‑up attic and separated basement areas

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$59.1k	$23.28
− Vacancy	−$2.0k	−$0.77
EGI	$57.2k	$22.51
− OpEx	−$25.7k	−$10.13
NOI	$31.4k	$12.38

2,540 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$449.3K

$393.1K – $524.2K (±1% cap)

NOI $31,449 @ 7.0% cap · market cap 6.69%

Second Best

Multifamily LT 5

$430.5K

$376.7K – $502.3K (±1% cap)

NOI $30,137 @ 7.0% cap · market cap 6.41%

Theoretical Best

Office A

$770.1K

$673.8K – $898.5K (±1% cap)

NOI $53,907 @ 7.0% cap · market cap 11.47%

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

For sale
Duplexes
PA
Perkasie
18944
327 N 5TH Street

What type of property is this?

Duplex - Two-unit farmhouse with detached garage/barn in Perkasie, PA.

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: Two‑unit farmhouse (c1880) on a corner in Perkasie Borough with over 2,500 SF of living area; Unit mix: one 2‑bedroom unit and one 3‑bedroom unit; Detached 4‑car barn/garage with separate electric service, plus walk‑up attic and separated basement areas