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    Perkasie Borough Two-Unit Farmhouse Title is generated by Realmo AI

    327 North 5th Street, Perkasie, PA 18944

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    For Sale
    $470,000

    c1880's farmhouse with two units and detached garage.

    Type:Multi-Family / Fee Simple
    Property size:
    2,540 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $185/SF
    Added:
    May 18, 2026
    Days on Market:
    11
    Last Refresh:
    May 19 at 9:02 pm

    Property Features for 327 North 5th Street

    General Information

    Standard status
    Active
    Size
    2,540 SF
    Lot size
    0.40 Acres
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1880

    We can help!

    Listing Contact
    Dennis R Lawrence

    Listing agent Dennis R Lawrence License #RM422466

    Listing office Narrow Gate Real Estate LLC

    Listing date May 18, 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 Narrow Gate Real Estate LLC

    HighLights

    • Two‑unit property: live in one, rent the other, or convert to single‑family.
    • Large detached 4‑car barn/garage with separate electric service offers income potential.
    • Updated units: Fresh paint and flooring in Unit #1 (2021), new flooring in Unit #2 (2021), and updated electric service (2020).
    • Newer roof and exterior features: Standing Seam Front Metal Roof (2021), chimney liner (2/2023), new main and porch roofs (July 2024), and new garage doors (02/2026).
    • Located in Perkasie Borough on approximately 0.4 acres.
    • Each unit has separate electric, water, sewer, and trash services (tenant paid).

    Overview

    This c1880's masonry farmhouse, located in Perkasie Borough, features two units. Situated on the corner of 5th and Callowhill, the property occupies over 4/10ths of an acre in an in-town setting. The building offers over 2500 square feet of living area and can be used as a two-unit property, a single-family home, or as a live-in/rent-out arrangement. The property includes one two-bedroom unit and one three-bedroom unit. A detached, four-car barn/garage provides over 1000 square feet of space with separate electric service, suitable for additional income or personal use. The property also features 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. Additional updates include a standing seam front metal roof in 2021, a chimney liner in February 2023, and a new main roof with remaining standing seam porch roofs scheduled for replacement in July 2024. The garage/barn roof was painted and repaired in 2024, with new electric service to the garage/barn planned for December 2025 and new garage doors scheduled for February 2026. The property is located in the Pennridge School District.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $349.4K
    NOI $31,449 @ 9.00% cap · cautious / downside scenario
    Moderate
    $449.3K
    NOI $31,449 @ 7.00% cap · market / base-case scenario
    Aggressive
    $629.0K
    NOI $31,449 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    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 Use Scenarios

    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.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Perkasie
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.288445
    Latitude
    40.375996

    Nearby Similar for Sale

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      View Details
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      Bucks County Equestrian Farmhouse Estate

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    FAQs

    What type of property is this?
    Duplex - c1880's farmhouse with two units and detached garage.
    Where is this duplex located?
    The property is located at 327 North 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 property: live in one, rent the other, or convert to single‑family.; Large detached 4‑car barn/garage with separate electric service offers income potential.; Updated units: Fresh paint and flooring in Unit #1 (2021), new flooring in Unit #2 (2021), and updated electric service (2020).
    (267) 867-1012
    We can help!
    Listing Contact
    Dennis R Lawrence
    Real Estate License ID: RM422466
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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